Buying a shaving machine

Christine

Khayega, Kenya

100% repaid

Entrepreneur

Name

Christine

Member since

February 2016

On-time repayments

33 installments  •  70%

About Me

I am the second born in a family of six children,I attended Ezra Gumbe primary schhol for primary education and sega township for secondary education,however I did not complete secondary education due to lack of fees.
after dropping from school at form three,life became very tough, i was sponsored by a NGO for a vocational training where I trained as a beautician, I then worked for several people as I save for my own business. After two years with $300 saving and $100 loan ,I decided to open my own salon, due to my good quality work, creating a clientele base was easy and that is how my business was born.
I have three year old kid, he fancies planes and says he wants to be a pilot in future. I decided to insure his education so that he is able to achieve his dreams.
I love dancing and singing during my free time, I also love meeting new people and making new friends.

My Business

I provide beauty services,which include hair dressing,massage,manicure and pedicure. The demand for services are high because of the dense population and my quality work.
I choose the beauty industry since I had love it since I was young. I am happy I earn a living and gets job satisfaction.
My typical costs per month are $140 and my monthly revenues are average $320-$400 per month.
I use the money in taking care of my son,buying food for my family ,and paying fees for my sibling. I also save for business improvement.

Loan Proposal

Good morning dear lenders,I am kindly requesting for my first loan so that I can purchase a shaving machine for my saloon ,these is in line with my expansion plan to have barber shop wing in the salon.The shaving machine will cost $75 and would help me utilise my big room well and add to my revenues. I will also employ one person to help me and therefor create employment opportunity for one kenyan. I expect to earn $80 in profits from these new investment per month. Thank you .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 15, 2016

Repayment status

On Time

Projected term

24 months

Lenders

Craig Newmark

United States

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