Equiping my second branch with solar and blow drier

Penina

Webuye, Kenya

5% repaid

Entrepreneur

Name

Penina

Member since

September 2015

On-time repayments

33 installments  •  58%

About Me

I am the third born in our family single mother of one child. I went to shibuye primary school and shibuye secondary school and Ashley college for hair dressing and beauty diploma.
I had a child to take of and did not have start up capital for a business,I worked as saloon assistant for six months and raised $250 that I used to buy basic equipment to start off of my business.
Our culture is diverse and men have to go through a rite of passage which is circumcision so that the community can recognize them as men.
my child wants to be a nurse when she grows up. she loves how nurses dress and that inspires her.I am working hard to ensure she achieve her dreams.
I love swimming,dancing ,singing and making new friends.

My Business

I provide beauty and hair dressing services in my saloon. THe demand for the services is high because of high population of young girls and women in my area.
I choose the business because i loved the industry and it gives me descent living and a reason to smile for I love what I do.
my monthly costs are $200 for water ,rent,and electricity .my monthly revenues are average $400.
I use my profits to pay fees for my child and nephew,and support my parents as well reinvest back in the business.

Loan Proposal

Dear sir /madam
I am glad to say that I am doing very well and my business operation costs drastically dropped courtesy of the solar that I acquired with the first loan, and the efficiency and service quality too have improved due to the original blow drier I acquired with my second loan.
I am now kindly requesting you to help me execute my expansion plan by helping me raise a loan of $700 that I would use to equip my newly opened salon. I would use $400 to buy a bigger solar that would provide energy for running the saloon and would use $200 to buy a blow drier and $100 to clear rent arrears for the new room. I expect the saloon to double my earnings. Thank you very much.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$681.00

Date disbursed

Feb 23, 2016

Repayment status

Late

Projected term

60 months

Lenders

F

flaguy999

Tampa, United States

Marcus

Germany

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$48.16

Amount remaining

$666.89

Expected completion

Jun 12, 2016

Status

Repaying late

Installment amount

$52.17

Repayment History

Expected Payments Actual Payments
Mar 6, 2016 $2.01 Mar 9, 2016 $2.01
Mar 13, 2016 $52.17 Mar 10, 2016 $33.11
Mar 20, 2016 $52.17
Mar 27, 2016 $52.17
Apr 3, 2016 $52.17
Apr 10, 2016 $52.17
Apr 17, 2016 $52.17
Apr 24, 2016 $52.17
May 1, 2016 $52.17
May 8, 2016 $52.17
May 15, 2016 $52.17
May 22, 2016 $52.17
May 29, 2016 $52.17
Jun 5, 2016 $52.17
Jun 12, 2016 $34.78

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