Business improvement a loan

Ryan Mwenda

Meru, Kenya

100% repaid

Entrepreneur

Name

Ryan Mwenda

Member since

August 2014

On-time repayments

274 installments  •  4%

About Me

My official names are Ryan Mwenda. Am simple guy from a simple background but with a vision to change my community and bring positive impart to the country. Am a Economics and Statistics degree holder from Chuka university.i also have a certificate in hair and beauty therapy acquired from vera beauty college in Kenya. Am a business person and have the entrepreneurial skill acquired in my academic process. I have been in the hair and beauty therapy for more than 7 years now and I have all the experience in this area .am looking forward to start a beauty college in some years to come.

My Business

I am in the hair dressing business in Chuka next to Chuka university in Tharaka Nithi County. I do all salon related activities and also sell hair related products and beauty products am the chief executive officer of Beautymax salon. . I have been in the hair and beauty therapy for more than 7 years now and I have all the experience in this area .am looking forward to start a beauty college in some years to come. If given the loan, I will use it to renovate my salon and increase my beauty and hair products. I strongly believe that this assistance will help me to improve my service delivery and increase my income. I will keep you informed on the progress of my venture.

Loan Proposal

I will increase my cosmetics stock to increase my revenue and increase my m-pesa float to improve customer satisfaction. I will also increase my gas cylinder to improve service delivery to my gas customer.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.92

Date disbursed

Nov 26, 2014

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Lender interest: $49.92 at 4.00% annual rate over 0 months = $0.18

Service fee: $0.17

Lenders

Franmiguel

Perth, Australia

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