59 weekly installments • 61%
I am aged 30 born in Kenya and brought up in the slums of Nairobi County. Growing up in a humble family of 3 siblings, I had to learn and go through a lot at a very early age. My parents were not fully able, and I had to work hard to help them educate me. Luckily, I got the opportunity of joining university through a sponsor and undertook a course in Computer Science. Unfortunately, he passed on before I finished my studies, but my hard work and determination pushed me through to the end. Employment became very difficult since I graduated and had to find means of sustaining myself. This did not put me down, but it rather gave me strong hopes. I opted to try freelance research, writing, transcription and data entry. This has sustained me over years. I would like to make an effort of growing this into a bigger venture where I can employ more young people and have them achieve their dreams. Being a single parent of a young boy (The mum passed away in a road accident) I am determined very much to see him through his school and make his life easier than mine was .
My business basically entails selling human hair products online. I have been doing this for over an year and see massive growth in my business. I am now looking forward at improving my sales by increasing the products that I want to deal with.
I have a massive following on Facebook with over 23,000 followers and Instagram over 6,000 followers on my business page. My sales grow day in day out and i am looking to open a physical branch.. I believe with the required support i can make it grow bigger.
This loan will assist me in adding my human hair stock supply. I have been in this business for over an year and looking forward to increase new stock in my inventory. I believe given this amounts, i will easily add to my stock and make more sales as I have customers all over the country.
My business wasn't adversely affected because most my sales are online and I have a constant flow of clients. This means that my general income has only gone down by 5% which does not have an impact at all. Currently business is going back to normal meaning my cash flow should stabilise asap.
Jul 25, 2020
Cost to entrepreneur
Service fee: $44.30
Credit risk payment: $66.45