Entrepreneur
Name
Kennedy
Member since
May 2015
On-time repayments
55 installments • 15%
About Me
I am Kennedy Kyalo, born and raised in Nairobi Kenya, the Eastlands area which is basically considered a poor mans area.
I am a graduate of Economics from Kenyatta University, A holder of SAGE Pastel ERP Training certificate distinction from Kenya Professional College.
I was able to overcome hardship by making use of the opportunities life offered me through my education and taking advantage of merry-go rounds to save monthly.
I started by cosmetics shop in May 2015 since i was looking for a job at the moment and i had none, so with my Kes. 15000 i set up Wellcode Beauty shop in Komarock Estate Nairobi.
Nairobi residents embrace hard work and therefore Small businesses rake in alot of money due to the culture of hardwork
My unique past time is sharing ideas with people within my community and taking time to inspire those i can.
My Business
My business is a cosmetics shop and recently i ventured into second hand clothing trade .
For the past One month ( May 2015 - June 2015), the second hand clothes have been on high demand. Weekly I have been able to bring in new stock and I have realised a weekly turnover of Kes 8000. I chose this kind of business because demographically, the area has many women who are low income earners and also the availability of many beauty salons in the area.
My typical costs are basically weekly payments of rent, County council levies, electricity and cleaning expenses.
My turnover is able to finance these weekly costs fully upto a tune of Kes 3500 weekly, restocking upto a tune of Kes 2500, and an average profit of Kes 2000 weekly.
I use my profits to plough back into the business and save part of it to assist me in my daily upkeep.
Loan Proposal
As school are reopening I want to sale exercise books. I wish to buy books worth
US$100.00. I will benefit financially and socially as it will increase by sales and
profit to 50%. Thanks to the Zidisha Team for their financial support. I hope
to repay the loan weekly without any hassle.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Sep 12, 2015
Repayment status
Late
Projected term
10 months
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