Sarah

Gilgil, Kenya

100% repaid

Entrepreneur

Name

Sarah

Member since

August 2013

On-time repayments

159 installments  •  4%

About Me

My name is Sarah. I am a business woman. I completed my secondary school studies in 2005.it was not possible to continue in the academic line due to financial constrains and hence I started working as an apprentice hairdresser in a friends solon. I took a liking of the trade and saved some money with which I enrolled in college for formal training in hairdressing. On completing the training, I started my own beauty salon (VERTA BEATY SALON). Recently I have opened an M pesa shop in the same premise. I have a dream of expanding the business to include training young school leavers

My Business

My business includes a beauty salon and an M pesa shop both housed in the same premise located at shiners estate along Nakuru- Nairobi highway. In the salon I provide beauty services ie hair styling, conditioning, braiding and hair cuts .My target clients are mainly students since there are many schools in the neighborhood. I also offer the services to the local community members. From the salon I make an average of KES 1,000 per day .From the M pesa I make about KES 8,000 per month. From the total income I pay rent as well commission nto my two assistants.
If I secure the credit from ZIDISHA , I intend to buy two blow dry machines to be used to start a training section where I will start training at least four students on hairdressing .with the extra income I believe I will be able to pay back the credit as well as improve my financial position.

Loan Proposal

My business includes a beauty solon and an m-pesa shop housed in the same premises but in different sections. I work fulltime in the hair salon and my assistant handles the m-pesa section.
When I secure the credit from ZIDISHA, I intend to expand the hair salon section to include a training section where I will train school leavers on hair dressing skills. My target clients are the many school leavers in the neighborhood who are unable to proceed with formal education due to various reasons.
To achieve this, I will buy
• One dummy head for plaiting @ KES 2,000
• One blow-dry machine @ KES 4,000
• Four plastic chairs @KES 2,000

With these basics, I will set up a training class for four students. Each student will pay KES 4,500 per month translating to KES 18,000 P.M. part of this new income (KES 10,000) will go towards running expenditures eg buying combs, perfumes, conditioners e.t.c and commission for a new assistant .Thus ,from this new adventure I will be able to increase my net income by about KES KES 8,000 per month.
From these, I will repay the loan in the agreed schedule.
Looking forward to favorable outcome from all ZIDISHA lenders

Feedback

3

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Sep 8, 2013

Repayment status

On Time

Projected term

10 months

Other loans

Lenders

EricDWalters

Rochester, Mn, Usa, United States

H

hugh1

Co Kerry, Ireland

Landei

Sandersdorf-Brehna, Germany

T

TVandenbosch

Brussels, Belgium

Ask Sarah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...