Saumu

Mtwapa, Kenya

76% repaid

Entrepreneur

Name

Saumu

Member since

February 2013

On-time repayments

12 installments  •  25%

About Me

My name is saumu dida a resident of mtwapa and a businesswoman in mtwapa as well. Am married and blessed with two children. My first child is ten years old, a boy and the second is a girl aged six years old.am a primary school dropout, having left while in class seven. The reason behind this being my parent's poor financial status. After school i decided to start doing business as this is what i could do best. I started a salon, just at my home as i did not have money to rent. This business started well anmd i even had to shift and rent a shop. With the income i get from this business i buy food for my family,pay rent, pay school fees for my children and other family needs.

My Business

I have a salon here in mtwapa.This salon is stuated along the the chief's office and the agricultural center road, this ia a very busy road and i get quit a number of customers.I also have a boutique at the same place.This business is good and profitable because i have ready and reliable customers. With this business i get an income of ksh 25,000 per month. This business has risks like when it rains heavily i get a low number of customers and this affects the business income. With the income i get from tis business i use ksh 3,000 paying rent at the business, ksh 4,000 forv my family food, ksh 2,000 paying sc hool fees fpr my two children and i spare ksh 5,000 for my family's emergencies and other expenditures. So i save ksh 11,000 per month. With this savings i can repay my zidisha lkoan without any problems.

Loan Proposal

Hello am glad to see that my loan application fas been activated, this isvery nice to my business as i was waiting for this chance to up lift my business. I have been doing this business but since i did not have enough capital i missed alot of orders,but i now have a reason to smile because with thiosloan i will buy hair extension, hair trearments,dyes,and make ups so that i can stand a good chance to serve many and different customers.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

May 7, 2013

Repayment status

Late

Projected term

12 months

Lenders

H

Hilke

Bremen, Germany

G

guenter

Bremen, Germany

M

mgeck

Munich, Germany

russell

leicester, United Kingdom

F

flaguy999

Tampa, United States

M

mgnyc

New York, United States

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