Raising cash to buy a refrigrator

Wilson Njenga

Nakuru ,heshima Estate, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Wilson Njenga

Member since

February 2014

On-time repayments

106 installments • 65%

About Me

My name is wilson. I am married with one kid. My family and i live in Nakuru town at Hehima estate. My wife and i run a salon/barber shop in the nakuru town central business district. We both commute to and from town to estate daily.From monday to saturday, on sundays we attend church, we are also planning to open a small charity organisation in order to help local orphans and less fortunate around my hood.
The business is located in a building called care guest house opposite k-rep bank ground floor rm 21B.
I completed form four level education in the year 2009. I couldn't continue with formal education partly due to lack of finances and partly because i believed my future was in business. I then did a series of casual jobs in town for six months and raised some money that i used to enroll for a six months hair dressing /beautician course at vera beauty college in nakuru town. upon completion i worked in various salons as an employee earning commission.
In the year 2012 November i started my own salon business where i was later joined by a lady Now my wife with whom we still partner to date.
In addition to normal salon/barber duties we also sell beauty products to our customers.

My Business

my business includes a salon and a barbar shop. i also sellbeauty products like shampoos ,hair dyes , chemicals and other. i have two employees who i pay a commission for work done on dailly basis. the following are my monthly expenditures in Kshs: Rent 15,000 , Water and electricity 5,000 and transport 3,000. I earn about KES 2000 daily ( 60,000 in a month) .This translates to a net profit of 35,000 to 45,000.
when i get the loan ,i want yo add more beauty products and ornaments which are on high demand. i expect to raise my income by about 400 shillings daily. with this , i will pay the loan as well as grow my business.

Loan Proposal

My previous loans did well(thanks to my selfless lenders) and so far i can't regret joining ZIDISHA .
I am raising money to buy a refrigerator and put it in my shop to store and keep fresh soft drinks which i will be selling to my clients as they will be waiting or after being attended to for refreshment.
With this, my sales will increase and i will earn more profit, there fore, i will be able to pay back my loan in time.
Locally, a refrigerator costs ksh40,000(USD445). I kindly request my lenders to help me raise this amount so that i can buy it.
i will be grateful to have one, thank you all and my God bless you as you stretch a helping hand to me, i accredit you all for the lives of many people you have changed from nothing to something, and that is why i always turn on to you and am hoping for positive response, and i believe soon i will be a potential lender.
Thank you Zidisha