Entrepreneur
Name
Monicah
Member since
February 2015
On-time repayments
210 installments • 32%
About Me
I was born in a family of 6 children with i being the first born. i was raised up in Sega town, went to school, both primary and secondary in Kitale town, I went to Amagoro primary and later Manor House High school . I finished, in the year 2009.
i joined Vera Beauty College for a short course in Hair Dressing and managed to graduate with a Diploma after six months. this I did to have myself busy as i waited for my results which were out in early March 2010.
I got a chance to do a Diploma in Secretarial studies in Mombasa Technical Training College in July, this I finished in 2013. I then started looking for jobs so that I could have some money on my own. I wasn’t lucky enough in the one year I was in Mombasa after finishing my course. since i had done a course in hair dressing what i did lack was capital to start my own beauty salon.
My Business
I started a hair salon in my home area back in Sega. I got a strategic place at the Sega stage /bus terminal. Got a room to rent at $20 per month and tried on getting items that I needed for the hairdressing work. I started the business with $88.90 registered my business with $16.60 paid rent $20. With the remaining items I bought some basins and shampoos $10 and various weaves $20.00 with the balance $5.9 on miscellaneous expenses. This capital was raised from my family and friends. I thank them for the support they've given me.
I consider my hair salon an upscale, full-service beauty salon. I offer a wide range of services that include; Hair cuts, relaxers,perms,colours,shampoo,conditioning, curling, reconstruction, weaving. Nails manicure, pedicure, polish,sculptured nails.
Products
As for my products i was selling a small range of hair products due to my capital constraints, but thanks to Zidisha community i have increased my products to a wide variety suiting my clients needs. I provide quality hair, nails, and a few skin products.
My hair salon apart from the competition is my commitment to providing all of these in one roof. From the Zidisha Loans i have emerged among the top five competitors in Sega. zidisha indeed is transforming lives and not forgetting my life
Pricing
the brand name products range in cost from $ 5 -$20. these costs do not vary from other competitors as there is a standard price salons may charge for these products. my markup price is at 60% above costs for retail price range of $24-$30. this is standard pricing in comparison to my competitors' pricing.
Services
my services average $ 15.0, with a range of $ 3.00 for hair trim to $20.00 complete beauty package ( hair, facial,manicure and pedicure). these process are lower than my competitors.
Customers
My customers are mostly ladies, women and school girls and also college girls some too are men. The luo people like fashion and therefore frequently visit the salons in the area so as to make sure their hair is well done. As for the college girls I get frequent customers from the Sega Youth Polytechnic, Silicon College among others. As for school girls I get frequent customers weekly mostly from those who are day schooling as for the Boarding school girls I mostly them while they have closed for holidays.
In a day, when work is good I make $ 35.00, after my expenses in a day add up to $6.50 leaving me with $28.50, of which I have to provide myself meals and transport to my business.
Advertising
my advertising strategy is simple one; satisfied clients are my marketing tool. when a client leaves my business with a new look, he or she is broadcasting my name and quality to the public. thus most of my clients are referrals.
My monthly expenses are as follows monthly gross $300.00
Hair salon rent $ 30.00
Salon inventory $45.00
House rent $25.00,
food p.m. $70.00
Emergency $40.00
Transport to my salon $15.00
Mum and Dad $75.00 for their own necessities or needs
Loan Proposal
With the current loan proposal I hope to increase my inventory so as to have a consistent product availability in my hair salon and from the profit margin obtained this time round enroll for a business management diploma course so that I can learn more on management of my business with the skills obtained. i am planning to enroll for the course in early August in a nearby college that i will be attending part time classes. early preparation therefore is needed and therefore if my proposal will qualify then i will have made my first step on the staircase.
My business proposal budget will include the following; hair shampoo $45, beauty cosmetics (nice & lovely, hair food, etc) $80, braids and weaves $125, dryers maintenance and repair 40, basins $10, repainting my hair salon $20, adding additional seats $30.
I know I will maintain or improve my daily sales so as to make a return of 45% in the borrowed loan this will help me pay my loans on time and as this time I have few responsibilities i will dedicate myself in the payment of the loan to complete within the stipulated time.
Thank you.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$369.00
Date disbursed
Jun 16, 2016
Repayment status
Late
Projected term
61 months
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Germany
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Jake Gibson and Beverly Picardo
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Summary
Amount repaid
$66.04
Amount remaining
$321.41
Expected completion
May 19, 2019
Status
Repaying late
Installment amount
$1.01
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 26, 2016 | $1.26 | Jul 10, 2016 | $1.26 |
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $1.01 | Jul 17, 2016 | $1.01 |
| Jul 24, 2016 | $1.01 | Jul 17, 2016 | $0.79 |
| Aug 6, 2016 | $0.22 | ||
| Jul 31, 2016 | $1.01 | Aug 6, 2016 | $1.01 |
| Aug 7, 2016 | $1.01 | Aug 6, 2016 | $1.01 |
| Aug 14, 2016 | $1.01 | Aug 6, 2016 | $1.01 |
| Aug 21, 2016 | $1.01 | Aug 6, 2016 | $0.79 |
| Sep 18, 2016 | $0.22 | ||
| Aug 28, 2016 | $1.01 | Sep 18, 2016 | $1.01 |
| Sep 4, 2016 | $1.01 | Sep 18, 2016 | $1.01 |
| Sep 11, 2016 | $1.01 | Sep 18, 2016 | $1.01 |
| Sep 18, 2016 | $1.01 | Sep 18, 2016 | $1.01 |
| Sep 25, 2016 | $1.01 | Sep 18, 2016 | $0.29 |
| Nov 2, 2016 | $0.72 | ||
| Oct 2, 2016 | $1.01 | Nov 2, 2016 | $1.01 |
| Oct 9, 2016 | $1.01 | Nov 2, 2016 | $1.01 |
| Oct 16, 2016 | $1.01 | Nov 2, 2016 | $0.98 |
| Nov 30, 2016 | $0.03 | ||
| Oct 23, 2016 | $1.01 | Nov 30, 2016 | $1.01 |
| Oct 30, 2016 | $1.01 | Nov 30, 2016 | $1.01 |
| Nov 6, 2016 | $1.01 | Nov 30, 2016 | $1.01 |
| Nov 13, 2016 | $1.01 | Nov 30, 2016 | $1.01 |
| Nov 20, 2016 | $1.01 | Nov 30, 2016 | $0.83 |
| Jan 4, 2017 | $0.18 | ||
| Nov 27, 2016 | $1.01 | Jan 4, 2017 | $1.01 |
| Dec 4, 2016 | $1.01 | Jan 4, 2017 | $1.01 |
| Dec 11, 2016 | $1.01 | Jan 4, 2017 | $0.32 |
| Oct 29, 2018 | $0.69 | ||
| Dec 18, 2016 | $1.01 | Oct 29, 2018 | $0.32 |
| Nov 8, 2018 | $0.69 | ||
| Dec 25, 2016 | $1.01 | Nov 8, 2018 | $0.32 |
| Nov 11, 2018 | $0.69 | ||
| Jan 1, 2017 | $1.01 | Nov 11, 2018 | $0.32 |
| Nov 14, 2018 | $0.69 | ||
| Jan 8, 2017 | $1.01 | Nov 14, 2018 | $0.32 |
| Nov 15, 2018 | $0.69 | ||
| Jan 15, 2017 | $1.01 | Nov 15, 2018 | $1.01 |
| Jan 22, 2017 | $1.01 | Nov 15, 2018 | $1.01 |
| Jan 29, 2017 | $1.01 | Nov 15, 2018 | $0.12 |
| Nov 22, 2018 | $0.89 | ||
| Feb 5, 2017 | $1.01 | Nov 22, 2018 | $0.12 |
| Nov 26, 2018 | $0.89 | ||
| Feb 12, 2017 | $1.01 | Nov 26, 2018 | $0.12 |
| Nov 27, 2018 | $0.89 | ||
| Feb 19, 2017 | $1.01 | Nov 27, 2018 | $0.12 |
| Nov 28, 2018 | $0.89 | ||
| Feb 26, 2017 | $1.01 | Nov 28, 2018 | $0.12 |
| Dec 3, 2018 | $0.89 | ||
| Mar 5, 2017 | $1.01 | Dec 3, 2018 | $0.12 |
| Dec 3, 2018 | $0.89 | ||
| Mar 12, 2017 | $1.01 | Dec 3, 2018 | $0.12 |
| Jan 23, 2019 | $0.89 | ||
| Mar 19, 2017 | $1.01 | Jan 23, 2019 | $1.01 |
| Mar 26, 2017 | $1.01 | Jan 23, 2019 | $1.01 |
| Apr 2, 2017 | $1.01 | Jan 23, 2019 | $1.01 |
| Apr 9, 2017 | $1.01 | Jan 23, 2019 | $1.01 |
| Apr 16, 2017 | $1.01 | Jan 23, 2019 | $0.12 |
| Jan 24, 2019 | $0.89 | ||
| Apr 23, 2017 | $1.01 | Jan 24, 2019 | $0.12 |
| Jan 25, 2019 | $0.89 | ||
| Apr 30, 2017 | $1.01 | Jan 25, 2019 | $0.12 |
| Jan 30, 2019 | $0.89 | ||
| May 7, 2017 | $1.01 | Jan 30, 2019 | $0.12 |
| Jan 31, 2019 | $0.89 | ||
| May 14, 2017 | $1.01 | Jan 31, 2019 | $0.12 |
| Jan 31, 2019 | $0.89 | ||
| May 21, 2017 | $1.01 | Jan 31, 2019 | $0.12 |
| Feb 5, 2019 | $0.89 | ||
| May 28, 2017 | $1.01 | Feb 5, 2019 | $0.12 |
| Feb 5, 2019 | $0.57 | ||
| Feb 7, 2019 | $0.32 | ||
| Jun 4, 2017 | $1.01 | Feb 7, 2019 | $0.18 |
| Feb 11, 2019 | $0.50 | ||
| Feb 12, 2019 | $0.32 | ||
| Jun 11, 2017 | $1.01 | Feb 12, 2019 | $0.18 |
| Feb 12, 2019 | $0.50 | ||
| Feb 18, 2019 | $0.32 | ||
| Jun 18, 2017 | $1.01 | Feb 18, 2019 | $0.69 |
| Feb 19, 2019 | $0.32 | ||
| Jun 25, 2017 | $1.01 | Feb 19, 2019 | $0.18 |
| Feb 20, 2019 | $0.83 | ||
| Jul 2, 2017 | $1.01 | Feb 20, 2019 | $0.18 |
| Mar 11, 2019 | $0.83 | ||
| Jul 9, 2017 | $1.01 | Mar 11, 2019 | $0.18 |
| Mar 13, 2019 | $0.83 | ||
| Jul 16, 2017 | $1.01 | Mar 13, 2019 | $0.18 |
| Mar 14, 2019 | $0.50 | ||
| Mar 18, 2019 | $0.32 | ||
| Jul 23, 2017 | $1.01 | Mar 18, 2019 | $0.69 |
| Mar 19, 2019 | $0.32 | ||
| Jul 30, 2017 | $1.01 | Mar 19, 2019 | $0.69 |
| Mar 19, 2019 | $0.32 | ||
| Aug 6, 2017 | $1.01 | Mar 19, 2019 | $0.69 |
| Mar 19, 2019 | $0.32 | ||
| Aug 13, 2017 | $1.01 | Mar 19, 2019 | $0.18 |
| Mar 20, 2019 | $0.83 | ||
| Aug 20, 2017 | $1.01 | Mar 20, 2019 | $0.18 |
| Mar 21, 2019 | $0.83 | ||
| Aug 27, 2017 | $1.01 | Mar 21, 2019 | $0.18 |
| Mar 22, 2019 | $0.83 | ||
| Sep 3, 2017 | $1.01 | Mar 22, 2019 | $0.18 |
| Mar 25, 2019 | $0.83 | ||
| Sep 10, 2017 | $1.01 | Mar 25, 2019 | $0.18 |
| Apr 10, 2019 | $0.83 | ||
| Sep 17, 2017 | $1.01 | Apr 10, 2019 | $0.18 |
| Apr 10, 2019 | $0.83 | ||
| Sep 24, 2017 | $1.01 | Apr 10, 2019 | $0.18 |
| Apr 11, 2019 | $0.83 | ||
| Oct 1, 2017 | $1.01 | Apr 11, 2019 | $0.18 |
| Apr 12, 2019 | $0.83 | ||
| Oct 8, 2017 | $1.01 | Apr 12, 2019 | $0.18 |
| Oct 15, 2017 | $1.01 | ||
| Oct 22, 2017 | $1.01 | ||
| Oct 29, 2017 | $1.01 | ||
| Nov 5, 2017 | $1.01 | ||
| Nov 12, 2017 | $1.01 | ||
| Nov 19, 2017 | $1.01 | ||
| Nov 26, 2017 | $1.01 | ||
| Dec 3, 2017 | $1.01 | ||
| Dec 10, 2017 | $1.01 | ||
| Dec 17, 2017 | $1.01 | ||
| Dec 24, 2017 | $1.01 | ||
| Dec 31, 2017 | $1.01 | ||
| Jan 7, 2018 | $1.01 | ||
| Jan 14, 2018 | $1.01 | ||
| Jan 21, 2018 | $1.01 | ||
| Jan 28, 2018 | $1.01 | ||
| Feb 4, 2018 | $1.01 | ||
| Feb 11, 2018 | $1.01 | ||
| Feb 18, 2018 | $1.01 | ||
| Feb 25, 2018 | $1.01 | ||
| Mar 4, 2018 | $1.01 | ||
| Mar 11, 2018 | $1.01 | ||
| Mar 18, 2018 | $1.01 | ||
| Mar 25, 2018 | $1.01 | ||
| Apr 1, 2018 | $1.01 | ||
| Apr 8, 2018 | $1.01 | ||
| Apr 15, 2018 | $1.01 | ||
| Apr 22, 2018 | $1.01 | ||
| Apr 29, 2018 | $1.01 | ||
| May 6, 2018 | $1.01 | ||
| May 13, 2018 | $1.01 | ||
| May 20, 2018 | $1.01 | ||
| May 27, 2018 | $1.01 | ||
| Jun 3, 2018 | $1.01 | ||
| Jun 10, 2018 | $1.01 | ||
| Jun 17, 2018 | $1.01 | ||
| Jun 24, 2018 | $1.01 | ||
| Jul 1, 2018 | $1.01 | ||
| Jul 8, 2018 | $1.01 | ||
| Jul 15, 2018 | $1.01 | ||
| Jul 22, 2018 | $1.01 | ||
| Jul 29, 2018 | $1.01 | ||
| Aug 5, 2018 | $1.01 | ||
| Aug 12, 2018 | $1.01 | ||
| Aug 19, 2018 | $1.01 | ||
| Aug 26, 2018 | $1.01 | ||
| Sep 2, 2018 | $1.01 | ||
| Sep 9, 2018 | $1.01 | ||
| Sep 16, 2018 | $1.01 | ||
| Sep 23, 2018 | $1.01 | ||
| Sep 30, 2018 | $1.01 | ||
| Oct 7, 2018 | $1.01 | ||
| Oct 14, 2018 | $1.01 | ||
| Oct 21, 2018 | $1.01 | ||
| Oct 28, 2018 | $1.01 | ||
| Nov 4, 2018 | $1.01 | ||
| Nov 11, 2018 | $1.01 | ||
| Nov 18, 2018 | $1.01 | ||
| Nov 25, 2018 | $1.01 | ||
| Dec 2, 2018 | $1.01 | ||
| Dec 9, 2018 | $1.01 | ||
| Dec 16, 2018 | $1.01 | ||
| Dec 23, 2018 | $1.01 | ||
| Dec 30, 2018 | $1.01 | ||
| Jan 6, 2019 | $1.01 | ||
| Jan 13, 2019 | $1.01 | ||
| Jan 20, 2019 | $1.01 | ||
| Jan 27, 2019 | $1.01 | ||
| Feb 3, 2019 | $1.01 | ||
| Feb 10, 2019 | $1.01 | ||
| Feb 17, 2019 | $1.01 | ||
| Feb 24, 2019 | $1.01 | ||
| Mar 3, 2019 | $1.01 | ||
| Mar 10, 2019 | $1.01 | ||
| Mar 17, 2019 | $1.01 | ||
| Mar 24, 2019 | $1.01 | ||
| Mar 31, 2019 | $1.01 | ||
| Apr 7, 2019 | $1.01 | ||
| Apr 14, 2019 | $43.06 | ||
| Apr 21, 2019 | $43.06 | ||
| Apr 28, 2019 | $43.06 | ||
| May 5, 2019 | $43.06 | ||
| May 12, 2019 | $43.06 | ||
| May 19, 2019 | $26.58 | ||
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