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
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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
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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