Salon and barber shop

Lagat Jonathan

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Lagat Jonathan

Member since

October 2015

On-time repayments

17 installments  •  47%

About Me

being a business person has been a long time dream ever since my childhood age. Being raised from a humble background, problems were the order of the day. going sometimes without basic needs made me think of other entrepreneurial ventures. This could have bore fruits were it not because of other commitments like school. on my last year at campus, i had opened a salon and employed a lady to operate. Most of the amount raised went into maintenance for now i have enough time to concentrate on it and expand. the only challenge is capital but with the help of my lender Zidisha i believe i will go far. Where i reside is a populated area making it possible for the growth of my business. My hobby is adventure after work. reading novels and swimming.

My Business

To start any business, the biggest challenge becomes where do i start, do i have enough capital? where can i get the space?. all these are overcome by being optimistic, dedicated and facing challenges as they are. My first source of capital was personal savings. Then came the borrowing from close friends and family members. The business since then has attracted constant support mostly from friends and partly profit raised from the business.

Loan Proposal

Zidisha will be my financial breakthrough in life. Many start up businesses lack requisite amount to sustain it. Being a continues business The loan accorded will help me buy new Job equipment and offer better services to my clients. With some time i will be able to meet the clients demands in terms of service delivery, this will also see me expand and venture into others of interest like poultry. My dream is to create job opportunities to the locals this is possible if i will get financial support that will facilitate the expansion.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.28

Date disbursed

Nov 17, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $6.20

Lagat opted to pay $112.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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