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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  • Loveness    Mar 12, 2021

    Dear lenders am so sorry for the delay I had projected good business sales for the past 3 weeks but business is still slow but nevertheless I have adjusted so am to manage my weekly repayments. Thank you in advance

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  • Loveness    Feb 14, 2021

    The loan will help me to buy salon tools to provide good services to my customers and attract more so that daily income can be increase as the salon business is being developed. Thank you all my lenders for supporting me and my business. Thank you

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  • Loveness    Feb 1, 2021

    I will buy all the tools that I need in my salon shop to attract more customers and satisfy all their needs, this will help me develop my business to greater heights this year and expand. Thank you so much

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