Help me boost beauty in migosi

Ethel

Kisumu, Kenya

31% repaid

Entrepreneur

Name

Ethel

Member since

June 2014

On-time repayments

52 installments  •  29%

About Me

my name is Ethel Sifuma.I am a 32 years old lady. i hold a higher national diploma in human resource management. i live in kisumu town migosi estate where i run a hair and beauty salon. i ventured into the business six months ago after a long time of searching for a job with no success. hair and beauty has always been my passion. i started practising hair plaiting since i was a young girl and as years passed by i had mastered the skill. after completing my o level i was employed in a salon where i learned everything on salon and beauty. i later joined college and after job searching with no success i decided to put my skill to use so as to earn a living. with the little i earn from my simple salon

My Business

my business is based in the estate where i live in kisumu. i get most of my clients towards the end of the week, that is from thursday through sunday. the other days are not as busy compared to the rest.
i have a challenge of a hair drier which i normally hire on the four busy days thursday-sunday. i pay 4dollars per day for the drier, which normally has a high demand. i would like to acquire a hair drier which costs116dollars so as to be more effective to my clients and save the 14dollars i use for hiring the drier.
the business is picking on well. on the four busy days i make atleast 9dollars each day. i pay 35 dollars for the premise and electricity bill of 12 dollars per month.
given the loan i would be able to buy a hair drier and save on the 14 dollars i use for hiring every week,which instead i will use to repay the loan then have my permanent drier thus improved services.

Loan Proposal

my business is based in the estate where i live in kisumu. i get most of my clients towards the end of the week, that is from thursday through sunday. the other days are not as busy compared to the rest.
i have a challenge of a hair drier which i normally hire on the four busy days thursday-sunday. i pay 4dollars per day for the drier, which normally has a high demand. i would like to acquire a hair drier which costs116dollars so as to be more effective to my clients and save the 14dollars i use for hiring the drier.
the business is picking on well. on the four busy days i make atleast 9dollars each day. i pay 35 dollars for the premise and electricity bill of 12 dollars per month.
given the loan i would be able to buy a hair drier and save on the 14 dollars i use for hiring every week,which instead i will use to repay the loan then have my permanent drier thus improved services.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 3, 2014

Repayment status

Late

Projected term

12 months

Lenders

E

Errol

Bradenton, FL, United States

KYLE LARSON

Little Falls, United States

evinpa

United States

Bhayl

Stavanger, Norway

N

Navigator

Alavus, Finland

A

Arkad

United States

Mikers

Netherlands

R

radhapatel

United States

A

AlexH

United Kingdom

Betapilot

Copenhagen, Denmark

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Ethel a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...