Salon and barber shop

Lagat Jonathan

Nairobi, Kenya

38% 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

This being my second loan d considering the first loan went towards membership deposit account, I intend to use this loan acquire the equipment I had indicated in the first loan application. This was in aid of acquiring a new blow dry machine and buy a shaving machine. The place is still of late attracts many clients meaning the business has future its my wish if i get additional equipment and improve on the service everything will run smoothly

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.38

Date disbursed

Jan 27, 2016

Repayment status

Late

Projected term

8 weeks

Cost to entrepreneur

Service fee: $6.20

Other loans

Lenders

Kitty

Hailsham, United Kingdom

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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