Relocation of my business to a suitable location

Gladys Kavuvi

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Gladys Kavuvi

Member since

August 2014

On-time repayments

69 installments  •  84%

About Me

when i was growing up i knew that my success in life was tied up in education because that is something with which i i did not struggle. by the time i got to university, i realized that my talents would open more doors for me than education would, so i decided to start doing the things that i knew well to do as a part time activity and for me this was in the beautification industry. i loved making people's hair, manicure, pedicure and other beauty services. i was doing great although i did not have a specific place to work from, therefore, i decided to open a business in the beautification industry once i was out of university. the decision to join the industry was inspired by the fact that many young people in my country are jobless, therefore, opening such a business would not just be beneficial to me but would create job opportunities for other young people. it is my aim to become one of the renowned business people in the beautification industry by creating more jobs for young people in my country.

My Business

as mentioned in my profile, i am in the beautification industry where i own a salon within my neighborhood although at a very young stage. so far the business is picking up well enough. however, a business in the beautification industry is well suited if placed in more populated areas like town centers. so far i have managed to bring on board two more people who help me in carrying out daily activities but my vision does not end there. there are many people in towns who do not have anything to do, therefore, if i located my business in such places i would be able to raise more income and create more jobs for young people. the expansion of my business requires financial support which i lack, and for me to achieve my set standards and expectations i must not just move to more populated areas but also diversify the products we offer. any financial help towards this course can be the breakthrough i need for the next level.

Loan Proposal

the purpose of this loan is to enable me achieve my dreams in the beautification industry by helping me to move my business to a new location that has more clients. in addition, through this shift, i will be able to buy items such as massage products that will help me diversify the products i offer. this will in turn open more job opportunities for idle young people where they can assist in offering beauty services to clients at a fee. i am a young business person and as such i cannot raise the required finances to expand my business alone. the business has not yet reached the break even point and at the current location that might take a while. however, if given this loan, i will be able to move to a more populated place with a lot of clients something that will help my business break even. money is what is standing between me and my goal, therefore, any financial support will be heaven sent.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.17

Date disbursed

Aug 28, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.17 at 12.40% annual rate over 1 month = $0.60

Service fee: $0.17

Lenders

Sarasota

Sarasota, Fl, United States

G

GanSatya

United States

Sputnik

Switzerland

H

Heath

United States

J

JessicaAna

Maputo, United States

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

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  • Gladys Kavuvi    Nov 22, 2022

    Economic challenges in the country and business struggles

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  • Gladys Kavuvi    Sep 16, 2017

    Hello, I have not been able to repay my loan for some time now, but I want to resume the payment. Kindly advise me accordingly. Thank you.

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  • Gladys Kavuvi    Jan 16, 2016

    Unavoidable circumstances

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  • Gladys Kavuvi    Dec 5, 2015

    My business is profitable

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  • Gladys Kavuvi    Sep 19, 2015

    unavoidable circumstances

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  • Gladys Kavuvi    Aug 29, 2015

    unavoidable circumstances

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  • Gladys Kavuvi    Aug 10, 2015

    Thank you very much for once again trusting in me. I will use the money to buy a printer and invest the rest in my online business. I will keep you posted on my progress.

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  • Gladys Kavuvi    Aug 7, 2015

    Hello lenders, my previous loans have been quite successful. My beauty shop ushered me into my current online business and with your help I have been able to achieve much within a short period. With my last loan, I was able to buy a few computers, which allowed expedite my work. Therefore, I am very grateful for your constant support.

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  • Gladys Kavuvi    Jul 30, 2015

    i want to finish the loan repayment

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  • Gladys Kavuvi    Jul 23, 2015

    Unavoidable circumstances

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    • Melissa    Jul 23, 2015

      To reduce your payments, please log into your Zidisha account and follow the instruction in the 'reschedule loan' section. If you have any question, please do not hesitate to contact us on [email protected] It is better to contact us directly since we often can miss comments here in your discussion board which is primarily intended for communication with lenders. Thank you.

      Best wishes,
      Melissa

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  • Gladys Kavuvi    Jul 1, 2015

    Thank you very much lenders for the help that you have continually given me. My business is doing well and so am I. God bless you all.

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  • Gladys Kavuvi    Apr 11, 2015

    i am making enough profits to make the payments

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  • Gladys Kavuvi    Apr 3, 2015

    Unavoidable circumstances.

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  • Gladys Kavuvi    Jan 27, 2015

    We are in a low season at the moment until mid march and that has affected my earnings. The academic Writing business changes in seasons and that is an inevitable situation that we always have to deal with. The jobs we do for 15 dollars during high season are now going for 5dollars. The purchase of the items as stated in the loan was successful though. at the moment i am training more people to get ready for the peak in april.

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  • Gladys Kavuvi    Jan 16, 2015

    these are some of the photos of my business with one of my employees working

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  • Gladys Kavuvi    Jan 16, 2015

    my last loans were of great help to my business. i managed to expand my business, move into an ideal locality and get more people to work with. zidisha has been the backbone to the growth of my business and all i can say to my lenders is may God richly bless you as you continue helping young entrepreneurs achieve their dream.

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  • Gladys Kavuvi    Nov 28, 2014

    To the zidisha fraternity and especially the lenders who saw it fit to fund my loan there are no words to express my appreciation for your assistance. i thank God for all of you for your constant help. i'm looking forward for a long term engagement with this team, thank you very much for helping transform my life. blessings!

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  • Gladys Kavuvi    Sep 24, 2014

    I'm so grateful to all the people that made my business idea possible through the financial assistance. the loan has been of great help so far

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