Hair braids and hairfoods for a beauty shop

Mary

Githurai 45, Kenya

100% repaid

Entrepreneur

Name

Mary

Member since

July 2015

On-time repayments

51 installments  •  73%

About Me

my name is mary muthoni,im a mother of twins ,i have a beauty and cosmetics shop which is my only source of income.whatever i get i use it to support my children with their upkeep.The previous loan has been of great assistance in my shop and i greatly appreciate your help so i can expand my business at least boost my stock since customers come to ask of a lot of products which i don't have especially this holidafys.i worked as a housegirl taking care of a small child from when she was new born upto when she was two years old then at the service fee i was paid i started my own business.i live at githurai where there are so many people since it has been considered the cheapest place to live as far as foodstuffs,rentals and other basic needs is concerned.My daughter beata wants to be a doctor when she grows u whereas my son marcus wants to be a pilot at least that what they say for now.i love a peaceful environment,traveling,listening to the word of God.listening to gospel music,reading inspirational articles

My Business

my business is in githurai 45 near mwana mukia stalls,its a beauty and cosmetics shop,i sell stuff like weaves,braids,hair foods,lotions,creams and others,my business is licensed. i pay sh.4500 as house rent for the business.The products i sell are in demand since they are useful to all kinds of people be it men ,women or children.Most people want to stay presentable,good groomed and beautiful most especially women and these something that wont probably change thus making the products i sell to always have a guaranteed market. The profits i get from this business i use it in investments,growing the business,paying school for the children, and other personal needs.

Loan Proposal

i will buy hair braids 20 pieces worth kshs.52 each that is kshs,1040 and then the balance of kshs.1053 i will buy a dozen of movit gel small size worth kshs30 per piece to total to kshs360,nice and lovely hairfood small size half a dozen worth kshs50 per piece to total to kshs.300,nice and lovely glycerine small size half a dozen worth kshs 37 per piece to total to kshs,222,hair bands a dozen worth kshs160 and the total will be kshs,2086 and i will have a balance of kshs7.With this items since they are fast moving i will get a profit and i will be able to add other products needed and for my customers they will get what they want at my shop therefore i will maintain them since they will not look for the products elsewhere as i they will be available at my shop.for the braids i will a profit of kshs 20 per piece that is another 1040,movit gel a profit of kshs20 also since i will sell at ksh 50 that is kshs,240,nice hairfood i will at a 90 each hence i will get kshs 40 per piece that is a profit ofkshs.240 ,for the glycerine it will be a profit of kshs.78, and the hairbands will be kshs.80 since i will sell at kshs20 per piece so total profit will be kshs.1398.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$21.00

Date disbursed

Sep 8, 2016

Repayment status

On Time

Projected term

2 months

Lenders

PR

Priscilla Rathbone

Seattle, Washington, United States

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