Generator for backup power & adding stock to business

Sarah Mwaura

Narok, Kenya

34% repaid

Entrepreneur

Name

Sarah Mwaura

Member since

December 2014

On-time repayments

200 installments  •  22%

About Me

I am Sarah Mwaura Born in Nakuru county in Kiamunyi Village.Because my mother died while she was giving birth to,i was left in the hands of my grandmother who was only able to give me education to secondary.After secondary i was not able to get job so i started training as a salonist.After getting the skills i worked in several salon before i started my own after savings.Now i have a small salon and wines and spirit shop in Narok town.

Now am married and i have two children and do my business in Narok town.From my business i am able to support my family and my grandmother too.

My Business

I have two small but supportive business.That's a salon and wines and spirit shop.In my salon i do beautification such as making air,wig fixing,nail arts and many others.And in my wines and spirit shop i sell wines and spirit.

I choose to be a salonist because i had a passion in it and because i had attained some basic skills on the same.Also i realized that this kind of business face less competition and also the demand is high.This has given me chance to get more profit.

My business monthly costs is $18 plus $19 rent for both my shops,$50 wage,$250 for stock and a profit of up-to $160 per month.

Loan Proposal

I take this opportunity to thank you very much for your last loan,it really helped me a lot to transform my life.Today i come again before you to support me again.

$140 i will use to buy a back up generator so that i can work even in odd hours when the power goes off.Due to frequent power shortage i have been able to loose over $50 a month hence this will will help me save the loss.I hope this generator will increase my sales up to by 40% and a gain in revenue.

$80 i will use to add drinking stock in my wines and spirit business.I will make a wholesale purchase hence getting a discount of 20% which will transform to profit increase.Please kindly contribute towards my loan,thanks in advance!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$231.29

Date disbursed

Apr 23, 2015

Repayment status

Late

Projected term

43 months

Cost to entrepreneur

Service fee: $8.64

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