Adding stock, and construction on a parcel of land

Menzaqueen Achieng

Kisumu, Kenya

35% repaid

Entrepreneur

Name

Menzaqueen Achieng

Member since

April 2015

On-time repayments

205 installments  •  58%

About Me

Am married with three kids,humble and business oriented,am hard working and looks forward to being at the top in the field of business,i started my business 8 years ago, am out going and easy to deal with,i started business after i realized i could not afford to go to college and since then i have never looked back. being in business has helped me to be empowered knowing that i can also support my husband in our every day budget, i enjoy every bit of my business and is always looking forward to a new day in my work place, i tackle challenges one day at a time learning from my mistakes and is always ready to be a student. i never went to a hair dressing or beauty college but i learned just from assisting a one lady who owned a beauty shop, am proud to say that my interest and hard work made me one of the best too.

My Business

My business mainly deals with beauty and beauty products,its situated in Nyalenda off Ring road,ii started back around July 2007, weekends and holidays are the peak seasons.
Ladies and beauty are inseparable hence makes this business be in demand. I had the passion for beauty and its products and the need for these services around my area made me choose this kind of business.
My typical cost is Kshs. 6,800.00 annually for Trade Licence, Kshs. 2,500 for rental, water is roughly Kshs. 480.00 monthly, electricity is about Kshs. 1,200.00 monthly.
I use my profit to pay for my children's school fees and home improvements.
i do hair dressing and manicures and pedicures,i also got two assistants working with me, it has grown since then and am always happy to see more and more customers streaming in each day.my business has mainly flourished because of our major foundation of neatness and a good attitude to our esteemed clients,we keep them always leaving with a smile and looking forward to coming back, it earns upto 5,000 a day on good days and at least 1,000 on bad days, it is challenged by lack of some new equipment that will be bought once you start financing me.

Loan Proposal

i intend to increase my stock , from my savings i intend to start some construction in my parcel of land. i plan to make this my home in future after completion, knowing that my savings will take time to complete this house, so intend to pay my loan well so that i increase my credit limit, so that i continue to save and in future complete this building. i shall term it a success once i settle in this home. big rounds of applause to you once again. you gave me jam start in life and you have for sure kept me going. words may never be enough to thank you. am forever grateful. thanks once more.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$458.51

Date disbursed

Sep 12, 2018

Repayment status

Late

Projected term

28 months

Cost to entrepreneur

Service fee: $19.32

Credit risk payment: $115.91

Lenders

Rdcmole

Cincinnati, United States

dcorbetta

Carate Brianza, Italy

F

flaguy999

Tampa, United States

fransk

Culemborg, Netherlands

moursund

Beaver Nation, United States

WE

Wendy Emlyn

Devon, United Kingdom

A

Anonymous

United States

Edwin

Switzerland

Helen and Denis

Global citizens, United States

Outi

Finland

Cambium Foundation

Kirkland, United States

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