Additional hair dryer for my saloon

Juliana

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Juliana

Member since

May 2017

On-time repayments

49 installments  •  76%

About Me

I am Juliana Gyampoh, I was born at Akim Oda in the Eastern region of Ghana. I'm 28 years of age. I started primary school at St. Andrews Anglican Primary and Junior Secondary School. I continued my Senior Secondary School at St. Francis Senior Secondary and Technical School at Akim Oda. I had my University education at Presbyterian University College. After completion, I had a job at Suhum Municipal Assembly in the Eastern region of Ghana as a typist with a very poor monthly salary. I have a talent as a hairstylist and want to train other women who are unemployed. Due to my financial constraints, I have been able open a small shop but not well furnished to train other women as expected.
Due to my poor salary and other expense at home, I cannot buy the needed equipment to furnished my little shop. Creams, relaxers, hair drier and other equipments will attract more customers for me to generate more money and also train the other women who are unemployed in my community in order to improve upon our poor standard of living.

My Business

I do and style hair for the unemployed women and other ladies in the community. The picture here shows the hair do for one unemployed woman in the Community. I can make about 15 women's hair in a week in the community, some of them pay and some pay in installment after the hair do. I use my poor monthly salary to pay electricity and water bill and saves nothing. Equipments aforementioned can help generate more income and train the women for better lives.

Loan Proposal

Additional hair dryer will go along way to boost my business since only one hair dryer in my saloon discourages customers to come to my saloon frequently. Customers complain the only hair dryer in my saloon delays their precious time since they have to queue to dry their hair after putting on rollers. They sometimes threaten not come to my saloon again if the problem of hair dryer is not solved. Women who are under training for free in my saloon may also be sacked if the customers stop coming to the saloon which will intend increase to poverty level I'm trying to reduce. My profit margin will increase by 10% when the hair dryer is bought because this customers who are already gone will come back since i am a creative hairdresser and my apprentices who are poor and under training will also be retained for me to achieve my ultimate goal.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$53.00

Date disbursed

Sep 5, 2017

Repayment status

On Time

Projected term

3 months

Lenders

John Minges

United States

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