Entrepreneur
Name
Mercy
Member since
May 2015
On-time repayments
104 installments • 36%
About Me
I came from a simple and humble background.
I attended Testai primary school.
I had difficulties in learning since my father was sacked from his job way before I completed my education.
I also come from a large family of 10 siblings which makes it hard for my father who is now a peasant farmer to manage whereas my mother is only a housewife.
If granted this loan I will be able to help my family especially in educating my young one's since I'm the Third born in our family of 10,4 men and 6 ladies.
My Business
I started a salon where I do hairdressing and sell hair braids.
This service is essential since the residents travel long distances to the nearest town to get their hair done.
I chose this kind of business since I'm skilled in plaiting and hairdressing.
Costs and revenue are the municipal and the county govt taxes and revenue for permit.
The little profits I get I use to support my family and add a few braids to my present stock.
Loan Proposal
I will be as able to buy a blow dryer since the one I use I always borrow.
I will acquire a municipal licence and permit to avoid closing whenever the municipal officers come to inspect businesses.
Increase the current stock of braids and buy modern day plaits.
Advertise my salon and make it known all over my immediate community.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 3, 2015
Repayment status
Late
Projected term
24 months
Lenders
United States
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