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

1

None

None



Loading...

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.

Other loans

Lenders

A

Anninymouse

Southampton, United Kingdom

D

Delph007

Den Haag, Netherlands

Kitty

Hailsham, United Kingdom

tycho

Madison, WI, United States

G

garrybuck

Oro Valley, United States

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

F

Fredrik

Gothenburg, Sweden

J

JBosshardt

Redmond, United States

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

T

treyh

San Diego, CA, United States

J

JakeA

Wellington, New Zealand

rodcul

Altea, Spain

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

J

jdhowa2

Louisville, KY, United States

HansLindgren

Uppsala, Sweden

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

ProfStick

Grassy Head, Australia

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

P

planespotter

Berlin, Germany

R

rpmccarthy

Sydney, Australia

ads68

Melbourne, Australia

R

Rking

Eugene, United States

M

michaelangers

Toronto, Canada

Y

Yevrahs

Dallas, Texas, United States

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

U

Ubun2

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

P

paul74

Chichester, United Kingdom

S

seikatsu

Palo Alto, CA, United States

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

HealthcareProvider

Baltimore, United States

H

Haavard

Bergen, Norway

G

GanSatya

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

J

janakan

Hong Kong, Hong Kong

Matching Fund

Sterling, United States

M

microlender

United States

R

Rootdet

Fairfax, United States

L

lenders

United States

M

meric

Australia

A

ajayhk

San Jose, United States

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

Please log in to comment.

  • Kitty    Jan 26, 2016

    Congratulations on your graduation, I hope this loan works well for you

    Log in to reply • Share
    • Lagat Jonathan    Jan 26, 2016

      Am humbled, its through the grace of God that i managed, I am optimistic about the loan

      Log in to reply • Share
  • Lagat Jonathan    Jan 26, 2016

    Once again i feel humbled by the overwhelming support am getting from the team. The loan is a milestone towards achieving my financial goala through expansion of the business. I intend to purchase a blow dry machine as what i have currently is not efficient and intend also to buy a shaving machine. This is because the first loan went towards membership and first deposit account. Am optimistic that this one will facilitate the same. Once again I thank you all abundantly

    Log in to reply • Share
  • Lagat Jonathan    Jan 24, 2016

    First and foremost I take the opportunity to sincerely appreciate my lenders and the entire zidisha fraternity for the consideration and trust they had in me. The journey has been challenging but interesting at the same time.
    As i had indicated earlier in my description on joining, i had informed my lenders that i was an undergraduate student awaiting graduation, well my graduation took place on 18th December, 2015. it was around that period that I experienced serious challenge while repaying my loan. I never intervened through adjusting the repayment amount, a regret i take. This was attributed by the fact that i come from humble background meaning every activity i had to undertake to facilitate the day including clearance and graduation fees had to be done by none other than me. Am happy it all went through and successful.
    About the business, amid those challenges and considering the first loan went to Membership account whatever remained was too little to acquire the intended machines but am optimistic that Through the lenders trust in me, the loan am going to be given will go direct into the serious business of acquiring a new blow dry machine.
    I tender my application now for a new loan to enable me the new equipment for the Salon. As assurance to the lenders, I believe nothing possibly will tether me from making timely repayments.
    I look forward to your support, be blessed

    Log in to reply • Share
  • Lagat Jonathan    Jan 16, 2016

    Hi, team its my pleasure to inform you about the progress. First and foremost special thanks to all the Zidisha family for standing with each other. You have been of great help to nurturing business ideas through financial and moral support. The platform serve to motivate many who have an idea of getting where they dream. I understand of late i make late payments simply because after graduation i went through another hard period of low income. Am happy this mid January the business is picking well am sure soon everything will be alright. I wish my lenders to understand and stay positive with me. I trust everything will go as planned. Thanks alot. Shalom zidisha family

    Log in to reply • Share
  • Lagat Jonathan    Dec 18, 2015

    Hello, great team. Once again I salute this big zidisha family for being part of it. Kindly for the few days as i had earlier indicated that i was awaiting graduation its through this busy schedule that saw me divert some of the resources. Kindly allow e to adjust the repayment amount for some few days i believe i will resume to normalcy soon. Thanks

    Log in to reply • Share
  • Lagat Jonathan    Dec 5, 2015

    Hello team,Goodmorning. I am happy to inform you that my business is running smoothly the first loan gave me a good motivation that growth will be inevitable. Considering the first loan went towards the minimum deposit one should have in his account am glad the profit from my business can gather for the repayment. Am optimistic God willing the second loan will help much on its expansion. Meanwhile i will remind the administrator that i send my second repayment yesterday and it has never reflected consider checking that to avoid affecting my repayment rate.. Once again am happy to be part of this great family. Am good zidisha ambassador

    Log in to reply • Share
  • Lagat Jonathan    Nov 17, 2015

    Good evening Lenders. Am glad to acknowledged having received my first loan disbursement. The amount has been remitted to my Mpesa line. Its my assurance to you all zidisha team that i will use the amount responsibly and to the intended purpose of growing my entrepreneural empire. Secondly i pledge to make repayments on time since i understand that for the other borrowers to get helped my cooperation with lenders will provide them that special opportunity. I will be a role model and good ambassador for our zidisha family.Shalom

    Log in to reply • Share
  • Lagat Jonathan    Nov 12, 2015

    Am humbled Kitty for your consideration I believe this is a stepping stone towards greater things in life. With this alone am motivated towards working the best in the field of entrepreneurship.

    Log in to reply • Share
  • Kitty    Nov 12, 2015

    Congratulations and good luck with your business

    Log in to reply • Share


Loading...

Loading...

Loading...