Funds to increase cosmetic products in my salon
Hilda H
Eldoret, Kenya
8% repaid
Entrepreneur
Name
Hilda H
Member since
October 2016
On-time repayments
205 installments • 38%
About Me
I hold a Diploma in Fashion and Design.I had to create my own employment since it became hectic landing a job after my graduation.I decided to some market analysis is my nearest home town with the aim of trying to identify the most feasible business opportunity.Luckily the business opportunity that was viable was the one that was in line with my certification.
I then acquired a little capital and started a salon offering beauty services specifically, hair make-ups,pedicure and manicure.My culture; Keiyo is the best culture i can say.The people treats each and every individual equally without any discrimination.My children(two daughters) desire to both be teachers and to always support their mother whom is their role model in return to the unending support i have been giving them.This has been made possible by the current business that i operate.
My hobby is interacting with people and making new friends
My Business
I started my business in the year 2006 just after my college studies.I am currently running a salon and a cosmetics offering all type of beauty services named as "Amazing Salon" and also selling of cosmetics productsI chose this particular type of business after my market analysis and the realization that few people had ventured into it.More so the salons that existed at that time were of low standards and weren't operating according to the wishes of the customers.
I was glad that my salon quickly picked up and customers preferred my salon to those that existed at those time.My initial profits at averaged Ksh 12,000 for the first three months and later improved upto Ksh. 42500 (till now).
My current operational costs include the following (monthly)
Electricity bills Ksh. 3000
Wages and salaries Ksh. 12000
House rent Ksh. 8000
Water bill Ksh. 2500
Provisions Ksh. 3000
I am currently using the profits generated from my business for paying my children's fees and reinvesting the remaining amounts back into the business.
Loan Proposal
With this loan,I plan to add cosmetic stock in my salon especially the weaves. I will add weaves worth 500 dollars, braids worth 300 dollars and pedicure/manicure products worth 150 dollars.
This will really boost my profits by upto 40%. And also will enable my customers have plenty of products at their comfort.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$997.00
Date disbursed
Nov 1, 2017
Repayment status
Late
Projected term
37 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
Hong Kong
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
Summary
Amount repaid
$75.80
Amount remaining
$915.74
Expected completion
Nov 22, 2020
Status
Repaying late
Installment amount
$0.98
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 12, 2017 | $19.69 | Nov 13, 2017 | $19.69 |
| Nov 19, 2017 | $0.98 | Nov 20, 2017 | $0.98 |
| Nov 26, 2017 | $0.98 | Nov 28, 2017 | $0.98 |
| Dec 3, 2017 | $0.98 | Dec 9, 2017 | $0.98 |
| Dec 10, 2017 | $0.98 | Dec 9, 2017 | $0.98 |
| Dec 17, 2017 | $0.98 | Dec 22, 2017 | $0.98 |
| Dec 24, 2017 | $0.98 | Dec 22, 2017 | $0.98 |
| Dec 31, 2017 | $0.98 | Dec 22, 2017 | $0.98 |
| Jan 7, 2018 | $0.98 | Dec 22, 2017 | $0.98 |
| Jan 14, 2018 | $0.98 | Dec 22, 2017 | $0.98 |
| Jan 21, 2018 | $0.98 | Jan 21, 2018 | $0.98 |
| Jan 28, 2018 | $0.98 | Jan 21, 2018 | $0.98 |
| Feb 4, 2018 | $0.98 | Jan 21, 2018 | $0.98 |
| Feb 11, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Feb 18, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Feb 25, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Mar 4, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Mar 11, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Mar 18, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Mar 25, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Apr 1, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Apr 8, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Apr 15, 2018 | $0.98 | Feb 9, 2018 | $0.98 |
| Apr 22, 2018 | $0.98 | Apr 24, 2018 | $0.98 |
| Apr 29, 2018 | $0.98 | Apr 24, 2018 | $0.98 |
| May 6, 2018 | $0.98 | May 16, 2018 | $0.98 |
| May 13, 2018 | $0.98 | Jun 3, 2018 | $0.98 |
| May 20, 2018 | $0.98 | Jul 6, 2018 | $0.98 |
| May 27, 2018 | $0.98 | Jul 23, 2018 | $0.98 |
| Jun 3, 2018 | $0.98 | Aug 11, 2018 | $0.98 |
| Jun 10, 2018 | $0.98 | Aug 14, 2018 | $0.98 |
| Jun 17, 2018 | $0.98 | Sep 19, 2018 | $0.98 |
| Jun 24, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Jul 1, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Jul 8, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Jul 15, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Jul 22, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Jul 29, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Aug 5, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Aug 12, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Aug 19, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Aug 26, 2018 | $0.98 | Oct 19, 2018 | $0.98 |
| Sep 2, 2018 | $0.98 | Nov 9, 2018 | $0.98 |
| Sep 9, 2018 | $0.98 | Nov 9, 2018 | $0.98 |
| Sep 16, 2018 | $0.98 | Nov 9, 2018 | $0.98 |
| Sep 23, 2018 | $0.98 | Nov 9, 2018 | $0.98 |
| Sep 30, 2018 | $0.00 | ||
| Oct 7, 2018 | $0.00 | ||
| Oct 14, 2018 | $0.00 | ||
| Oct 21, 2018 | $0.00 | ||
| Oct 28, 2018 | $0.00 | ||
| Nov 4, 2018 | $0.00 | ||
| Nov 11, 2018 | $0.00 | ||
| Nov 18, 2018 | $0.00 | ||
| Nov 25, 2018 | $0.49 | Nov 25, 2018 | $0.49 |
| Dec 2, 2018 | $0.49 | Nov 25, 2018 | $0.49 |
| Dec 9, 2018 | $0.49 | Dec 7, 2018 | $0.49 |
| Dec 16, 2018 | $0.49 | Dec 7, 2018 | $0.49 |
| Dec 23, 2018 | $0.49 | Feb 1, 2019 | $0.49 |
| Dec 30, 2018 | $0.98 | Feb 1, 2019 | $0.98 |
| Jan 6, 2019 | $0.98 | Feb 1, 2019 | $0.49 |
| Mar 3, 2019 | $0.49 | ||
| Jan 13, 2019 | $0.98 | Mar 3, 2019 | $0.49 |
| Mar 28, 2019 | $0.49 | ||
| Jan 20, 2019 | $0.98 | Mar 28, 2019 | $0.49 |
| May 22, 2019 | $0.49 | ||
| Jan 27, 2019 | $0.98 | May 22, 2019 | $0.49 |
| May 25, 2019 | $0.49 | ||
| Feb 3, 2019 | $0.98 | May 25, 2019 | $0.49 |
| Jun 7, 2019 | $0.49 | ||
| Feb 10, 2019 | $0.98 | Jun 7, 2019 | $0.49 |
| Jan 23, 2020 | $0.49 | ||
| Feb 17, 2019 | $0.98 | Jan 23, 2020 | $0.98 |
| Feb 24, 2019 | $0.98 | Jan 23, 2020 | $0.98 |
| Mar 3, 2019 | $0.98 | Jan 23, 2020 | $0.49 |
| Mar 10, 2019 | $0.98 | ||
| Mar 17, 2019 | $0.98 | ||
| Mar 24, 2019 | $0.98 | ||
| Mar 31, 2019 | $0.98 | ||
| Apr 7, 2019 | $0.98 | ||
| Apr 14, 2019 | $0.98 | ||
| Apr 21, 2019 | $0.98 | ||
| Apr 28, 2019 | $0.98 | ||
| May 5, 2019 | $0.98 | ||
| May 12, 2019 | $0.98 | ||
| May 19, 2019 | $0.98 | ||
| May 26, 2019 | $0.98 | ||
| Jun 2, 2019 | $0.98 | ||
| Jun 9, 2019 | $0.98 | ||
| Jun 16, 2019 | $0.98 | ||
| Jun 23, 2019 | $0.98 | ||
| Jun 30, 2019 | $0.98 | ||
| Jul 7, 2019 | $0.98 | ||
| Jul 14, 2019 | $0.98 | ||
| Jul 21, 2019 | $0.98 | ||
| Jul 28, 2019 | $0.98 | ||
| Aug 4, 2019 | $0.98 | ||
| Aug 11, 2019 | $0.98 | ||
| Aug 18, 2019 | $0.98 | ||
| Aug 25, 2019 | $0.98 | ||
| Sep 1, 2019 | $0.98 | ||
| Sep 8, 2019 | $0.98 | ||
| Sep 15, 2019 | $0.98 | ||
| Sep 22, 2019 | $0.98 | ||
| Sep 29, 2019 | $0.98 | ||
| Oct 6, 2019 | $0.98 | ||
| Oct 13, 2019 | $0.98 | ||
| Oct 20, 2019 | $0.98 | ||
| Oct 27, 2019 | $0.98 | ||
| Nov 3, 2019 | $0.98 | ||
| Nov 10, 2019 | $0.98 | ||
| Nov 17, 2019 | $0.98 | ||
| Nov 24, 2019 | $0.98 | ||
| Dec 1, 2019 | $0.98 | ||
| Dec 8, 2019 | $0.98 | ||
| Dec 15, 2019 | $0.98 | ||
| Dec 22, 2019 | $0.98 | ||
| Dec 29, 2019 | $0.98 | ||
| Jan 5, 2020 | $0.98 | ||
| Jan 12, 2020 | $0.98 | ||
| Jan 19, 2020 | $0.98 | ||
| Jan 26, 2020 | $0.98 | ||
| Feb 2, 2020 | $0.98 | ||
| Feb 9, 2020 | $0.98 | ||
| Feb 16, 2020 | $0.98 | ||
| Feb 23, 2020 | $0.98 | ||
| Mar 1, 2020 | $0.98 | ||
| Mar 8, 2020 | $0.98 | ||
| Mar 15, 2020 | $0.98 | ||
| Mar 22, 2020 | $0.98 | ||
| Mar 29, 2020 | $0.98 | ||
| Apr 5, 2020 | $0.98 | ||
| Apr 12, 2020 | $0.98 | ||
| Apr 19, 2020 | $0.98 | ||
| Apr 26, 2020 | $0.98 | ||
| May 3, 2020 | $0.98 | ||
| May 10, 2020 | $0.98 | ||
| May 17, 2020 | $0.98 | ||
| May 24, 2020 | $0.98 | ||
| May 31, 2020 | $0.98 | ||
| Jun 7, 2020 | $0.98 | ||
| Jun 14, 2020 | $0.98 | ||
| Jun 21, 2020 | $0.98 | ||
| Jun 28, 2020 | $0.98 | ||
| Jul 5, 2020 | $0.98 | ||
| Jul 12, 2020 | $0.98 | ||
| Jul 19, 2020 | $0.98 | ||
| Jul 26, 2020 | $0.98 | ||
| Aug 2, 2020 | $0.98 | ||
| Aug 9, 2020 | $0.98 | ||
| Aug 16, 2020 | $0.98 | ||
| Aug 23, 2020 | $0.98 | ||
| Aug 30, 2020 | $0.98 | ||
| Sep 6, 2020 | $0.98 | ||
| Sep 13, 2020 | $0.98 | ||
| Sep 20, 2020 | $0.98 | ||
| Sep 27, 2020 | $0.98 | ||
| Oct 4, 2020 | $0.98 | ||
| Oct 11, 2020 | $0.98 | ||
| Oct 18, 2020 | $0.98 | ||
| Oct 25, 2020 | $0.98 | ||
| Nov 1, 2020 | $0.98 | ||
| Nov 8, 2020 | $0.98 | ||
| Nov 15, 2020 | $0.98 | ||
| Nov 22, 2020 | $827.63 | ||
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