Open a permanent shop for my nail spa

Ida

Kikuyu, Kenya

100% repaid

Entrepreneur

Name

Ida

Member since

June 2014

On-time repayments

59 installments  •  95%

About Me

I am budding Kenyan entrepreneur in the beauty industry. I am creative and have found a way of making my hobby profitable. I am looking to Zidisha investors to invest in my business idea as I do not have the required source of income to fund my business fully at this point in time.

With the help of a previous Zidisha loan, I began my business. After a few months of operating a mobile nail salon, it became very challenging and I opted to look for a small space I to rent. This central location in Nairobi enabled me to service more clients in a day and my business picked up well.
2 years later i run into some financial challenges with growing overheads of rental spaces and business permits. I decided to partner with another person, though eventually we had to shut down operations due to many challenges.

My clients kept asking me to reopen, and I begun to offer services at the comfort of their homes. Through their encouragement and my rapport I have been able to reactivate some loyal clients.

Seeing as I have low overheads, I retained the old equipment and only replenish supplies as needed. I now work 3-4 days a week to serve my clients. Meanwhile, i work a 30-hour work week that assists me to earn a humble income to meet my family's basic obligations.

I have decided to rebuild my Nail & SPA Business with the seed capital I will raise from the investors to expand the business further, and provide for my family.

My Business

The seed capital I will raise will go into marketing my mobile Nail & Spa services. Because my business is new and little known, I have decided to invest my next loan into marketing my business. This will primarily include incentives/discounts, and Social media marketing via Facebook, Instagram & WhatsApp to drive both awareness and sales. This will help me to attract more clients and I will be able to double my customer base in the coming months.

In my current capacity, I cannot handle large group bookings or events. Hence I use an assistant from time to time.

On average I make KES 10,000-12,000 per week. Working 3-4 days a week and a 30% profit margin. I need about KES 50,000 which I intend to raise from some savings and this top-up loan.
With Marketing I can hire a fulltime assistant, serve more customers, expand our range of beauty services to cater to our clients’ needs i.e. facials, body scrubs and other beauty treatments.

Seeing that I have another source of income that caters to my family’s basic financial obligations, this spa business can sustain itself and eventually grow to support both my family and community as my main job.
I am very passionate about making people beautiful, and love connecting with my clients at a personal level. Others even consider it free therapy as I speak into their lives as I serve them!

Please invest in my business and help me achieve my financial independence goals. I trust you will find it viable and worth investing in. Thank you.

Loan Proposal

Dear Investors,

I hereby wish to inform you that with the money loaned to me, I will add my savings to invest in getting a rental location for my business. This will go into the initial setting up of shop to procure things such as: additional nail polish colors and supplies, inventory, painting the shop, purchasing furniture and paying for rental deposit.

Once I have all theses things in place, it's projected I will be able to double my existing client base in the next 4 months from 30 to 60 clients. By this time, I will be able to repay the initial cost of opening shop and begin making profit.

I trust that you will find my business worthy of your investment. Thank you.

Show original English  

About Me

I am budding Kenyan entrepreneur in the beauty industry. I am creative and have found a way of making my hobby profitable. I am looking to Zidisha investors to invest in my business idea as I do not have the required source of income to fund my business fully at this point in time.

With the help of a previous Zidisha loan, I began my business. After a few months of operating a mobile nail salon, it became very challenging and I opted to look for a small space I to rent. This central location in Nairobi enabled me to service more clients in a day and my business picked up well.
2 years later i run into some financial challenges with growing overheads of rental spaces and business permits. I decided to partner with another person, though eventually we had to shut down operations due to many challenges.

My clients kept asking me to reopen, and I begun to offer services at the comfort of their homes. Through their encouragement and my rapport I have been able to reactivate some loyal clients.

Seeing as I have low overheads, I retained the old equipment and only replenish supplies as needed. I now work 3-4 days a week to serve my clients. Meanwhile, i work a 30-hour work week that assists me to earn a humble income to meet my family's basic obligations.

I have decided to rebuild my Nail & SPA Business with the seed capital I will raise from the investors to expand the business further, and provide for my family.

My Business

The seed capital I will raise will go into marketing my mobile Nail & Spa services. Because my business is new and little known, I have decided to invest my next loan into marketing my business. This will primarily include incentives/discounts, and Social media marketing via Facebook, Instagram & WhatsApp to drive both awareness and sales. This will help me to attract more clients and I will be able to double my customer base in the coming months.

In my current capacity, I cannot handle large group bookings or events. Hence I use an assistant from time to time.

On average I make KES 10,000-12,000 per week. Working 3-4 days a week and a 30% profit margin. I need about KES 50,000 which I intend to raise from some savings and this top-up loan.
With Marketing I can hire a fulltime assistant, serve more customers, expand our range of beauty services to cater to our clients’ needs i.e. facials, body scrubs and other beauty treatments.

Seeing that I have another source of income that caters to my family’s basic financial obligations, this spa business can sustain itself and eventually grow to support both my family and community as my main job.
I am very passionate about making people beautiful, and love connecting with my clients at a personal level. Others even consider it free therapy as I speak into their lives as I serve them!

Please invest in my business and help me achieve my financial independence goals. I trust you will find it viable and worth investing in. Thank you.

Loan Proposal

Dear Investors,
I hereby wish to inform you that with the money loaned to me, I will add my savings to invest in getting a rental location for my business. This will go into the initial setting up of shop to procure things such as: additional nail polish colors and supplies, inventory, painting the shop, purchasing furniture and paying for rental deposit.
Once I have all theses things in place, its projected i will be able to double my existing client base in the next 4 months from 30 to 60 clients. By this time, i will be able to repay the initial cost of opening shop and begin making profit.
I trust that you will find my business worthy of your investment. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.00

Date disbursed

Mar 24, 2015

Repayment status

On Time

Projected term

2 months

Lenders

L

Lemon

Switzerland, Switzerland

Paul Buchheit

Mountain View, United States

Ask Ida 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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  • Ida    Sep 15, 2023

    In my last project, all went well. I used the funds as a marketing budget, primarily to purchase adverts on social media to increase my social. I'm pleased to report that the uptake of the services has been good, with the attraction of new clients, growing the online community.

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  • Ida    Feb 22, 2022

    Thank you so much for funding my project and so quickly!
    I'm so encouraged and I will do my best to grow my business and make timely repayments.

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  • Ida    Feb 17, 2022

    The last loan I was given made all the difference 3 years ago. It helped me open my doors at my Physical location. Although I eventually closed shop, I believe I am resilient to keep pursing my dream of owning a chain of Spas in Kenya.

    I am back, stronger and wiser too.

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  • Ida    Sep 8, 2015

    Dear Zidisha lenders,
    Please bear with me, I need to reduce my installment size so as to keep up with my repayment status high enough. Business has not been picking as expected. However, I remain optimistic that better days are yet to come.
    Thanks for the support as always.

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  • Ida    Aug 7, 2015

    I would like to request to decrease my installments to make them more manageable so as to keep my on-time repayment record. For the past two months, i have experienced many challenges and business has been slower than expected.
    However I am hopeful that from September business will pickup and I may be able to pay the normal installment rate.
    Thank you Zidisha team for all your help.

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  • Ida    Jul 3, 2015

    Thank you so much for the loan. I have received it in good time and now working on my marketing strategy.

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  • Ida    Jun 21, 2015

    Hi Lenders, thanks once again for trusting me with your money.
    With the loaned money, intend to embark on marketing my business so as to attract walk-in clients so as to increase my customer base. This will greatly help me in ensuring that my business is seen and known.
    Lots of thanks.

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  • Ida    Jun 3, 2015

    Dear Lenders,
    Thank you for your support. I was able to get a business premise to rent.
    Putting roots down has been difficult, but the money i received has helped me greatly!
    I hope in my next loan i can raise more money to enable my business to take off smoothly.
    Thank you!

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  • Ida    Mar 28, 2015

    Thanks for the disbursed loan. I have received it in good time.
    I have already purchased some new supplies and colors.
    Thanks alot!

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  • Namaste250    Nov 11, 2014

    Hi Ida,
    Thank you for responsibly repaying your loan. I'm sure now you have many happy customers.
    Best wishes for continued success, namaste250

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  • howard    Nov 11, 2014

    Thank you, Ida, for your repayments. Just a little late, but, as they say, all's well that ends well.

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  • Ida    Aug 19, 2014

    Thank you so much to all those lenders that funded my business. It has been a month so far and the traction I have gained is great!..
    I am looking forward to great opportunities and i will post pictures of my work and happy clients too.. :)

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