Loan for salon space & equipment, and Mpesa service

Entrepreneur

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 my target still stands in shifting my business to a more spacious room so that i can be able to create more employment. Once the amount i have applied is extended to me, i have already sported a bigger room next to my business that is used as a store by our landlord and i have already talked with him whether he can exchange it with the one i have and he is okay with it. Out of the total cash, am intending to use 100 dollars in furnishing the house, 800 dollars to add more float in my Mpesa, 300 dollars in buying a dryer and blow dry and the balance to add more Cosmetics. With Zidisha am seeing a great future and i will not tire up.

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