Open a new branch of my growing salon

Jane

Mombasa, Kenya

100% repaid

Follow Jane How it Works

Entrepreneur

Name

Jane

Member since

May 2014

On-time repayments

182 installments  •  82%

About Me

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

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.

Loan Proposal

My business has experienced tremendous growth ever since I joined Zidisha last year. This has attracted many clients to my beauty salon and some have requested me to take my services closer to them by opening a new branch. This will also ease congestion at my current space which is too small to accommodate the surging crowd.

If loaned, I will spend this money to open a new branch on the other side of town. My budget for this ambitious project is as follows:

1. Rent deposit and lease agreement (a requirement when one is moving into new premises) $300

2. Branding, Renovation and fixtures $250

3. Licence from the local government $150

4. Basic equipment and products to start off the work $100

I will use some equipment in my current salon as I wait for the business to grow.

This will be a major milestone in by business journey as it has potential to double my profit since I intend to open the new branch in a very busy area of the town where success is almost guaranteed.

Feedback

4

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$873.00

Date disbursed

Mar 16, 2015

Repayment status

On Time

Projected term

67 months

Other loans

May 2014:  $150

Aug 2014:  $473

Jun 2017:  $1,221

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New York, United States

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Zal0m0n

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B

Bokolo

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Brisbane, Australia

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thebonseung

Republic of Korea

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zvrk2014

Brookline, MA, United States

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spivurno

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Paul Buchheit

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San Francisco, Ca, United States

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ghimeu

Malaysia

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M.Umar

Pakistan

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Walter Hill

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Kevin OBrien

Denver, CO USA, United States

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clare whitmell

Italy

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

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  • Emmanuel    Dec 10, 2017

    I have once again talked to Jane and she has told me that she will repay starting tomorrow.

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  • Emmanuel    Nov 7, 2017

    Hello, lenders, I have called Jane and she has told me that she had problems facing her but she promised to start repaying by next week because she is now okay as per what she has told me.

    Best regards,
    Emmanuel Kalama,
    Volunteer mentor.

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  • Jane    Oct 13, 2017

    Dear lenders, I am taking care of my sick mother and this affected my work. I will resume to repaying a bigger amount as soon as she recovers.

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  • Jane    Jul 11, 2017

    This is to confirm that I received KES 105,025 last week. I used the money to facilitate my transition to a new premises. Thank you so much for making this possible.

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  • Jane    Jun 28, 2017

    Thank you very much for the loan. I will now be able to continue with my business.

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  • Jane    Jun 27, 2017

    I am grateful for the support. I was able to open an new branch and this made it possible for me to increase my profit.

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  • Jane    Oct 10, 2015

    I wish to reduce my weekly repayment to Ksh. 100.00. I have been unwell and I am yet to resume my duties fully. I need time to regain my health and during this time, I kindly request to be allowed to pay this modest amount. I will resume to repaying more very soon.

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  • Ndungu    Sep 12, 2015

    Dear lenders, I met Jane yesterday and she told me she will clear her arrears in a weeks time.

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  • Jane    May 4, 2015

    My budget for starting a new branch went above my estimates due to some unforeseen expenses. I am now doing the final touches and hopefully the new establishment will be up and running in the next one month. In the meantime, I wish to adjust my repayment to KES 500 since this is what I can afford for now. I ask for you understanding on this matter. Thank you.

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  • Jane    Mar 14, 2015

    Dear lenders, please do not let this loan expire. For those who have lent me before, you know my track record and I will maintain the same when loaned for the third time. For those other lenders, please take time and have a look at my repayment history. Thank you.

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  • Jane    Mar 2, 2015

    I have just completed repaying my second loan. I managed to expand my business by buying stock of beauty products for my salon and this brought a lot of convenience to my customers. I stopped making frequent visits to the stores since I have everything under one roof.

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  • Jane    Feb 21, 2015

    Dear lenders, I am sorry I my plan did work as expected. I have now slowed down my payments to KES 3,000 per week due to unavoidable circumstances. I am still focused on attaining my dream and I hope to clear the remaining balance in three weeks time.


    Thank you and I ask for your understanding.

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  • Jane    Feb 6, 2015

    I am very grateful to Zidisha for giving me this credit line. This has seen my business grow in a way I had not imagined. I am now planning to open another salon in a different area but in the same town. I need to clear this loan and then apply for a bigger one so as to implement my plan

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  • Jane    Dec 4, 2014

    My business is a bit low at the moment due to sporadic riots in Mombasa town. I hope to recover soon and resume to my original figure. I ask for your understanding please.
    Apart from this low period, I have been experiencing good business as shown in my weekly repayments. I am looking forward to clearing this loan and applying for even a bigger one next year. Thank you.

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  • bconrad    Dec 1, 2014

    Dear Lenders,

    Due to a data entry error, a payment from Jane on November 21st was entered multiple times erroneously. Once this error is fixed in our system, the funds in your lender accounts will decrease accordingly. We apologize for this error and any inconvenience it causes you!

    Thank you,
    Bayle, Country Liaison Manager

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  • iggwag    Oct 1, 2014

    I was wondering where about in Mombasa is your salon?

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    • Jane    Oct 8, 2014

      My business is an area called Mwembe Tayari. Welcome to my salon when you visit Kenya.

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  • Tobsoc    Sep 18, 2014

    Sorry Jane that i cannot give your an another Loan,but this Month for me was impossible to give. I was in Gambia for Business and Holiday. But i see you get it full great. I think my positive Feedback help.

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    • Jane    Sep 24, 2014

      Thank you Tobsoc and thanks for your response. I hope you had a good holiday.

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  • Betapilot    Sep 8, 2014

    Best of luck Jane!
    :)

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    • Jane    Sep 24, 2014

      Thanks so much Betapilot. Your contribution really boosted this bid. I will forever be grateful to you.

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  • iggwag    Sep 8, 2014

    Good luck with your business.

    Log in to reply • Share

    • Jane    Sep 8, 2014

      thanks iggwag for your contribution. I will work very hard to improve my financial status.

      Log in to reply • Share


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