Add fast moving stock at my beauty shop

Noel Owour

Bumala, Kenya

100% repaid

Entrepreneur

Name

Noel Owour

Member since

January 2014

On-time repayments

209 installments  •  64%

About Me

My names are Noel Owour i am 23 years of age born in a family of four me being the second born in the family of David Owour.Currently i live and work in Bumala.

I run a small beauty shop in Bumala.I am o level graduate.I started this business after completing my high school so that i may raise fund for myself further studies in future.

From my business i have been able to cater for my own daily basic needs and am proud to say have bought all that required house holds.

For now i live in my own rented house.

My Business

As have said earlier i run a small business beauty shop which i run myself.

My business is purely sole proprietor which i started from my own savings and some soft loan from my mum.

My deals with weaves,abuja rastas,perfumes,cutex,nice and lovely,venus,high pencil,leap bums,nail cleaner...........I have many ladies friends and good customers.I am also surrounded by many solons who get products from my shop.

My business is profitable because i have so many customers so i sell more.I also have so many customers because my prices are fair.

The risk my business have been facing is lack of capital.My monthly cost is averagely KES 20000,sales KES 50000 and profit around KES 15000 all per month.The loan am going to get i will invest all in the business.

Loan Proposal

This my second chance coming back to you for a second loan.First i would like to thank those who have supported me in the past.Now this loan will be invested in my business as follows.$200 i will use to women beautification products at my shop for resale and another $200 i will use to buy cloth materials and vitenges from Uganda and sell them in Kenya Nairobi at a profitable price.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$450.21

Date disbursed

Apr 30, 2014

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $450.21 at 2.24% annual rate over 10 months = $8.73

Service fee: $13.75

Lenders

johnnorris

Aberystwyth, United Kingdom

Pierfausto

Rome, Italy

Namaste250

Pittsford, United States

P

Prysdahl

Marshall, United States

R

ram1919

San Jose, United States

Sarasota

Sarasota, Fl, United States

Lambie

Perth, Australia

K

Kristell

Middelburg, Netherlands

S

sparty0410

Chicago, United States

A

adildzhalilov

United States

A

Anonymouse

Netherlands

Pankratio

EastVan, Canada

trincowski

Vilar, Vila do Conde, Portugal

L

leftyoctober

Minneapolis, United States

larry

Sweden

T

tatonetti1

United States

Ask Noel a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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