Increase sales at my ladies hair salon

Rose

Nairobi, Kenya

19% repaid

Entrepreneur

Name

Rose

Member since

July 2015

On-time repayments

20 installments  •  20%

About Me

I am the Third born in a family of three girls and two boys. I was born in Kariobagi. I grew up in a humble Christianity background and went up to O Levels and later joined college. It was not easy because i also had my younger siblings who were in school and father was the only breadwinner. Life was so tough that after one year in college i decided to open a small salon just within the estate. I start making some money and i could now even support my family when they were badly off. The unique thing about our culture is that we are very close to our family members that we have a habit of eating together. Even in a polygamous family you will find that all the women cook in their houses and then the food is brought in one place and people eat together.

My Business

I provide different types of cosmetics ranging from body creams, lotions, hair foods and shampoos. I also sell medicated soaps and weaves, human hairs ,cutex and lipstick for ladies. The goods and in demand because i am near salons and they normally hair treatment and relaxers for my shop and i am the only one who has a well stocked salon and shop. I chose this kind of business because i saw there was a ready market and love plaiting and weaving women when their look beautiful am good and therefore i decided to go for that business.I use my profits to add more stock and pay my bills like school fees, rent and save some for future use. Being in an areas where there are so many hair dresses i am planning to add a variety of ladies wear like hand bags and shoes. this will really boost me because i am dealing with ladies most of the time.

Loan Proposal

When i get this loan, i will make sure i add more stock for the fast moving goods like shampoos,conditioners and hair food which i will use 50 us dollars. I will then buy a variety of human hair, hair pieces and wigs at 50 us dollars to see how the market will be.
This will really boost my profits because my customers are always asking for the human hairs. I will expect my business to go up by 50% and this will really make my life to change for the better.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 9, 2015

Repayment status

Late

Projected term

4 months

Lenders

J

Jason

New Jersey, United States

S

Sander

Borsbeek, Belgium

snapcore

--, United States

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

D

duckdork

De Forest, United States

ads68

Melbourne, Australia

E

erlingre

Sør-Fron, Norway

Arjan Geven

Vienna, Austria

M

mitchmk84

United States

R

RosieWatrs

United States

S

salathe

United States

S

sarah4d2

Saint Louis, United States

K

KRose

United States

smastermind

Jerusalem, Israel

C

CraigInCo

United States

johnhudson

Washington, DC, United States

G

GMB2014

United States

L

luckiestmonkey

United States

AndrewNeu

Ho Chi Minh, Vietnam

A

avital

United States

J

JonAlec

United States

H

HLCharityFund

United Kingdom

P

pfeng

United States

M

Marielle

United States

A

abdul4

Indonesia

F

frenchy

United States

K

Kebrenagast

New York, United States

C

charler

Australia

Andrew267

Birmingham, United Kingdom

mysterry

Saint Lazare De Vaudreuil, Canada

S

seanos

Nottingham, United Kingdom

F

Foster

United Kingdom

E

ErinL

United States

P

Pinkhobgoblin

United Kingdom

Kallwejt

Warsaw, Poland

R

rchissom

United States

J

Jack123

United States

S

SuzanneD

United States

D

Differick

Netherlands

LB

Luke Brown

United States

Martin Ward

Leicester, United Kingdom

stephen sontag

Narragansett, United States

Fabian Linzberger

Vienna, Austria

U

Ulrich

Switzerland

Thomas

Basel, Switzerland

Dominik Wagner

Karlsruhe, Germany

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  • Lydiah    Oct 31, 2015

    Dear Lenders,I was able to contact Rose and she informed me that her business was still not doing well,I advise Rose to adjust her installment to a smaller amount that she will be able to pay every week and she promise to do so starting from 3rdof November.

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  • Lydiah    Sep 29, 2015

    Dear Leaders,I was able to contact Rose and she informed me that her business was not performing well for the last three weeks that why she was late to repay the loan but she promised that she will pay all the arrears on Sunday, but I advice her if the amount is too high she can adjust it downward to enable her to repay the loan without straining too much and she can still make the payments without defaulting.

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