Boost stock for my salon

Donald

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Donald

Member since

August 2020

On-time repayments

48 installments  •  42%

About Me

Born in a polygamous family, I am the second born to my mom. Mom being unemployed and entirely dependent on peasantry we could hardly make ends meet. I am thankful that this life did not end my dreams but refined my approach, that through the small entrepreneurial adventures from my childhood through to this day I have been able to beat odds.

My Business

My business is an executive salon in the heart of Rongai area which I have done for more than 4 years. I have also secured space in the neighborhood where I opened a Kinyozi which is now picking and I intend to make it high end as the market is generally made of the working class, and I believe with time this will increase revenue and better my life.

Loan Proposal

Once I get the loan I will buy more weaves/braids from a company in my neighborhood that gives them at wholesale price when you buy in bulk. When my clients visit, therefore, they will find these items ready in different sizes, color, and types as they prefer, and this will go a long way making them happy and ensuring they come again

Income Source

Yes, there has been adverse business climate, and especially in the onset of COVID. Currently, however, things have improved a great deal as far as my business is concerned and I am sure I will be able to do business and make enough money to repay the loan within agreed timelines

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$68.00

Date disbursed

Dec 1, 2020

Repayment status

On Time

Projected term

2 weeks

Lenders

Rosella

Australia

A

Andy

United States

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