Cosmetics, hair salon, and M-Pesa

Harun

Nakuru Racecource, Kenya

24% repaid

Entrepreneur

Name

Harun

Member since

February 2014

On-time repayments

341 installments  •  73%

About Me

My Names are Harun Mwangi Wamae, Married man living in Nakuru County in the city called Nakuru. I completed my secondary school in the year 2005. After this, in the year 2007, I joined a college in Nakuru city where i took a computer engineering course. After the completion of my course, I was employed as a teacher in the same county as college teacher but afterward i decided to diverse my education by joining a university and pursued a finance course. After completion i was employed and after few months i came up with an idea of saving and starting a business in order to boost my monthly income of which i managed to open a salon after 8 months out of the saving i had.

My Business

Apart from My salary, i have a salon business combined with cosmetic and M-pesa where my wife works of which we want to expand the business. The business started as a small salon out of the saving i had from my salary of which it has grown to an additional M-pesa and a Cosmetic and we believe out of your support we will be able to expand it to a bigger one of which it has started to reveal itself after several loans that has been extended to me through Zidisha which i have been comfortably serviced with the income i got from the products i bought. The business is able to make an average gross of kshs 70,000 translating to a net of about Kshs 34,000 prior to loss that i used to make in the beginning because i was even forced to dig back into my salary to support the business in paying some of the expenses. The income has shooted to a net of kshs 34,000 as per the last month of which out of it i was able to pay kshs 4200 per week toward my loan. Currently I managed to shift to a more spacious room and added one more employee.

Loan Proposal

Hi, I would wish to thank God, lenders and Zidisha team for this far in my business. I managed to shift my business to a more spacious room that also require more money to stock the cosmetic. By receiving the applied cash I want to hire a beautician to offer pedicure, manicure, facial and massage services thus I will buy required items for massage at a cost of 800dollars which is inclusive of massage coach. Being a stragetic place for Mpesa I want to invest 1200dollars in it and 920dollars in adding more stock in Cosmetic. Having accomplished this am expecting a profit margin of kshs50 ,000 - 60,000. May Zidisha live long

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,907.00

Date disbursed

Apr 8, 2017

Repayment status

Late

Projected term

52 months

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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