182 installments • 82%
My name is Jane Wanja, born in Central region of Kenya. I later went to school in the same area up to secondary school. I later relocated to Mombasa in search of a job. I briefly worked for a fisheries company and later decided to start my own business after attending a short course in hair care.
I am a single mother with two children, a daughter aged 21 years and in college and a son aged 16 who is in secondary school.
I earn my living by running a hair salon that is located in Mombasa town. I am a hard working, resilient, honest and ambitious woman. I survived in the hostile world of business for many years due to the above qualities.
My business deals with hair dressing and related beauty work such as pedicure and manicure.
I also make a sell washing detergents on a small scale to supplement my income.
I make an average net income of about $280 from the business activities. I would like to expand my detergent making department if I get funding.
I normally produce about 20 liters per week of cleaning detergent which is way below the demand of my clients. If I get credit I will be able to buy more raw materials to enable me double the production hence increase my sales and profitability.
I have cleared my first loan and I am feeling like a marathoner who has just finished her race and won a medal. Even more important, I have witnessed growth of my business beyond my expectations. My profit grew exponentially as evidenced in my loan repayment pattern. I can attribute all this to the Zidisha loan that I was given in May this year.
I want to build on this momentum to expand my business even further. My dream project has always been to stock and sell beauty product so as to make my business a one stop beauty parlor. Currently, I do beauty work such as hairdressing that requires follow-up treatments where the client needs to buy extra beauty products such as shampoos to continue with the beauty process at home. I normally advise them on what and where to buy these products. I feel my business is ready to venture into this area so that I make some extra profit instead of referring this business to other players.
If granted this loan, I will spend it as follows
1. 4 dozens of Hair food at total cost of $230
2. 20 Assorted hair weaves at a total cost of $130
3. Assorted make-up products at a total cost of $120
With this stock, my project will take off and hence increase my profitability.
Sep 8, 2014
Cost to entrepreneur
Lender interest: $472.87 at 3.66% annual rate over 5 months = $8.32
Service fee: $8.21