Developing my salon business

Loveness

Lusaka, Zambia

100% repaid

Entrepreneur

Name

Loveness

Member since

January 2021

On-time repayments

10 installments  •  10%

About Me

My name is Loveness Chapa a Zambian young lady and am 24 years of age.I completed my high school but due to lack of money to go to College and study Nursing has been a challenge as my parents do not have resources to sponsor me,therefore I have become a entrepreneur and I have a salon business which i set up to ran and raise money.

My Business

I ran a salon business and this business involves plating hair, barber or cut of hair, painting nails, hair decoration and selling of wig.It is from this business that earn a living and help my family.The income I make daily I save, buy food for home and reinvestment to see it that my business moving forward and expand.

Loan Proposal

I really want this to buy new chairs in the salon shop, dressing mirror, restocking more wig for plating, buy 2 blowers and 1 drier machine.This will increase customer traffic in my shop and make more profit weekly as ladies do their hair make up on weekly basis.Therefore i will generating good income to develop my salon business.

Income Source

Currently the economic situation in the country is not favourable as most people have been crippled with Covid 19 fears, despite all that my business is doing fine as I have more ladies and they still want to look nice midst of Covid 19 pandemic.Therefore I make good revenue weekly which will allow me to settle my loan on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$59.00

Date disbursed

Feb 3, 2021

Repayment status

On Time

Projected term

1 week

Other loans

Lenders

MarktheMormon

Sandy, Utah, United States

PG

Paul Graham

United States

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