Funds to open a beauty parlour

Mary Okai

Madina, Accra, Ghana

63% repaid

Entrepreneur

Name

Mary Okai

Member since

April 2015

On-time repayments

300 installments  •  57%

About Me

My name is Mary Okai. I am 45 years of age. I live in Madina,opposite assemblies of God church. I attended little angels primary school in lagos-Nigeria,and i attended Girls Academy for my secondary school education.I got married to a Ghanaian and moved to Ghana.
I see moving to Ghana as a blessing because when i got here i knew nothing about my surroundings. I quickly familiarized myself with the environment and made friends with people.Then I looked for the quickest business i could venture into which could both be lucrative and less tiring.Thats when i started buying goods to resell.
Ghana has a lot of tourist sites,and the people are very simple and hospitable.This kind of warm reception made me decide to live in Ghana permanently.
I have five children;3 girls and 2 boys.My first daughter wants to be a computer scientist,my other two daughters want to be doctors and my sons want to be lawyers.
When i have nothing doing i enjoy braiding my daughters' hair,and baking pastries for my family.

My Business

I buy and resell kitchen appliances and utensils.These goods are high in demand because they are mostly bought by women and students in the hostel.I chose this business because if the right capital is invested in it it could be very lucrative.
I normally use $500 to buy and when i resell i get a profit between $200 and $250 I use my revenue to help my husband in taking care of the children,and providing certain household needs.I then use the rest to repurchase my goods to resell.

Loan Proposal

I want to open up a beauty parlour. I have secured a shop and I will use this loan to buy equipments needed in my beauty parlour.
I will use $500 to buy hair dryers and hair wash basin. Then I'll use $200 to buy chairs,and $300 to buy beauty products which would be used for the hair,products for pedicure &manicure and products for facials.
Finally I will use $200 to buy other important things I need such as waiting chairs,beauty magazines and hair extensions.

Feedback

6

None

None

  • BernadetteV    Dec 8, 2017

    It’s always a pleasure to lend to Mary. She respects the lenders by making regular repayments and repays the loan just as she had promised.
    I’ll support her again.

    Log in to reply • Share
  • BernadetteV    May 18, 2017

    Regular repayments and loan repaid just as promised. It was a pleasure to lend to Mary.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,334.29

Date disbursed

Jan 5, 2018

Repayment status

Late

Projected term

6 months

Cost to entrepreneur

Service fee: $37.98

Lenders

sworthington

San Francisco, United States

investor

Candiac, Canada

D

dkapplerb

Toronto, Canada

PaulE

Cockeysville, MD, United States

C

cgrumboski

Atlanta, United States

ErikN

Stockholm, Sweden

T

Tallago3

Munich, Germany

T

ToddK

Indianapolis, IN, USA, United States

T

tmsaddress

Orlando, Florida, United States

P

penguin3694

Chicago, United States

A

Austrian

Graz, Austria

C

cczapp

Hilliard, United States

Tania

Antwerpen, Belgium

Z

zhihanchew1234

Tampin, Malaysia

K

kjustad

Asker, Norway

neocodesoftware

vancouver, Canada

Matthieu

Switzerland, France

ibc123

Seattle, United States

B

bwitt

Berkeley, United States

J

Jonas

Linköping, Sweden

M

Mal57

Australia

B

bugdaniel

Switzerland

bb4dogs

United States

M

MaggieYG

United States

J

Jrung

United States

V

vbud

United States

D

Desteli

United States

Grant Xavier Storer

Seattle, Wa, United States

K

kennychit

United States

Bryan

Houston, United States

TheGoodData

London, United Kingdom

P

pnrjulius

United States

Robert Long III

Bridgman, MI, United States

S

Stephan

Netherlands

Haim Si

Mexico, Mexico

N

Niels

Berlin, Germany

DF

Daniel Fehr-Krahn

Winnipeg, Canada

LJ

United States

Kate Courteau

United States

E

erica

antwerpen, Belgium

Kevin

San Francisco, United States

V

Vivek

Arlington, VA, United States

Paul

Seattle, United States

N

Nikhil

United States

ME

Manaal Eisa

Washington DC, United States

M

MxK

Germany

GN

Geoffrey Nelson

United Kingdom

TH

tom hd

United Kingdom

Pedro R-C

Cambridge, United States

Isabella

UK, United Kingdom

A

Andrei

United States

Cliff

United States

JC

Justin cohan

United States

V

Vidar

Oslo, Norway

I

isaac

United Kingdom

RC

Rudi Chen

United States

roark22

Geneva, Switzerland

Carla

United States

MK

Michael K

United States

RG

Ravi Gadad

United States

Bill Ballew

Kansas City, Missouri, United States

SA

Shar Alamdari

Los Angeles, United States

Angi

Germany

MF

Mike Frawley

United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

hervey liu

United States

Dean Suminski

Portland, Oregon, United States

M

Mack

Harbor, Oregon, United States

Brandon Wright

Salt Lake City, Ut, United States

R

RMIM

United States

DW

Dan Winetsky

United States

Paul Buchheit

Mountain View, United States

United States

Mark Rowlatt

Peterborough, UK, United Kingdom

KS

Kevin Shay

United States

Peter Morse

Amesbury, MA, United States

CH

Christian Holck

United Kingdom

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