Peter
Kiratina, Kenya
$0 to go
100% funded of $500 goal
0
days left
Name
Peter
Member since
February 2013
On-time repayments
20 installments • 0%
I am a Kenyan citizen who live in Kiratina in Nakuru district. The residential and a commercial area that is developing at a high rate. I work in Nakuru town whereby am a beauty and a cosmetics businessman. Am a businessman who has invested all his time, money and experience to be self employed. My business is growing at steady fast; this has been contributed by taking the earnings back to the business and giving back to the society by training at affordable fee. I am married and have 2 children and one is in school.
Kefas Cosmetics and Beauty shop is the name of this business. The business begun in year 2005. We offer all the services that hair requires. We sell beauty products at affordable prices. The increased number of clients is due to quality services given by qualified staffs. The amount earned is used to replenish the stock, payment of staffs and house rent. The business is able to earn about Kshs. 30,000 and in a month there is an expense of about Kshs.18,000 thus giving me a profit of Kshs. 12,000. This translate to a margin profit of about Kshs. 140,000 per annum. The main challenge in this business is lack of enough capital to fully stock the business to satisfy my customers.
I am a businessman therefore, I will use the loan to fund my business.
I am planning to increase beauty products that are highly movable that way i will attract more customers.
I am planning to improve my machines so that customers will be comfortable
I will also do advertisements like creating cards for giving to new customers that i can meet.
Positive
None
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Mar 13, 2013
Repayment status
Late
Projected term
21 months
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