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Donald Osiemo

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Donald Osiemo

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

Customers have very high expectations about my salon as things stand, and I never want to disappoint. Most have grown loyal and my salon is their next stop, always. So I am planning to step up stock levels. I will use all the money to buy more beauty products direct from the manufacturer ready for sales

Income Source

As things stand now, I can't complain. I have known and effected various measures that ensure customers are safe when they visit; hand sanitizers, free face masks for customers who have none, social distancing, etc. So customers are now very comfortable visiting and thus I have witnessed consistent growth in sales. I am also employed and in any case can use my salary to repay the loan

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$285.85

Date disbursed

Jan 31, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $14.08

Credit risk payment: $42.25

Optional expediting fee: $28.16

Lenders

AltruisticSelfishnes

Chicago, United States

W

wesbh89

United States

Carrie

Arlington, MA, United States

R

Ru

New York, United States

J

Jeremy

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

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