Business-development loan for my beauty shop
Sally
Nakuru County, Kenya
22% repaid
Entrepreneur
Name
Sally
Member since
June 2013
On-time repayments
253 installments • 49%
About Me
My name is Sally Waithira Kanyingi,currently single and my email address is [email protected]. I joined my primary school education at Margitta kagutta academy in 1993 and later joined Kamahuha girls high school where i did my o level exams in the year 2006. I joined African institute for my diploma in personnel management and later joined Egerton university for a B COM-HR OPTION.After my education, I was employed as a sales executive by Ngao credit limited in Nakuru. currently I am a self employed lady with a beauty shop where i report every morning to make my daily bread. In my shop, i normally sell braids, weaves, chemicals and other facial applications.
My Business
I deal with cosmetic items such as braids, weaves,chemicals,facial makeups and hair foods products. I decide to start this business because i discovered that most ladys are becoming mordern and that they are competing for beuaty thus buying all the cosmetic products.
My clients prefer my business because i nornaly sell my products at considerable fair prices than my competitors....The profit comes from the sales though small but its something i am sure of earning.The value of my business is approximately Ksh.20,000 and a monthly profit is ksh.7,000. The profit earned is normally used to add more stock and the rest to catter for my daily needs.
Loan Proposal
i will use my loan to buy new stock in my beauty shop where i will add more things like Basins 5 dollars,wiping clothes 5 dollars,water 8 dollars,cutex 15 dollars,shooting gun 25 dollars,arings 3 dollars,cutex remover 2 dollars and pedicure basin 39 dollars.
The benefit i will bring to others is i will give some employment to someone and in return i will manage the business well so as to earn lucrative profits.
i expect my profit to increase by 80% per month i.e 8000 per month
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Loan Info
Project Type
Classic Loan
Disbursed amount
$181.00
Date disbursed
Feb 2, 2017
Repayment status
Late
Projected term
34 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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