Introduce new beauty products to my modernized salon

Faith

Amalemba, Kenya

100% repaid

Entrepreneur

Name

Faith

Member since

May 2015

On-time repayments

14 installments  •  57%

About Me

My name is Faith lunzalu .I was born in kakamega county . I am the third born in our family of 6. I have three sisters and two brothers. my mother was a beautician ,and i always helped her while I was a teenager. When i was in form three my mum succumbed to cancer, the business closed down.
I struggled and completed my studies . my family resources was first depleting and we could go with no food some days.there was no money to cater for tertiary education and so we had to find ways and means of surviving. Since I had clue in the beauty industry,I talked to the landlord where my mum used to work. He gave me some of the equipment he had seized earlier due to unpaid rent. I reopened my mums business but I didn't have experience and so had to mainly work on my friends who had little money.soon I mustered the art of manicure,weaving,plating and pedicure. clients started flowing and that is how my business was born.
I like playing basketball,when free.going to the gym for aerobics to keep fit and making new friends.

My Business

my name is Faith Lunzalu I am a hairdresser by profession,my business invoves providing manicure,pedicure,weaving,plating . These services are in demand because African ladies always like make ups and the population is first growing.
i choose these business because my late mum was a hairdresser and she could afford to give as good life so I knew these business would help me support my self and my siblings just like mum did.
I spend $130 a month for premises rent,water and electricity. I make average $280 a month. In a good month I take home $150 profit.
I support my siblings education ,pay for my utility bills and reinvest in the business.

Loan Proposal

dear sir/madam'
IN the past two years I have been in business my business has seen a significant growth.I have equipped it with modern equipments and hope to make it one of the best in my county.I am planning to introduce beauty products in my shop as I believe these will help me increase my revenues instantly by 60%. these will see my business grow even faster. I have $160 in saving for the same but i would require at least $230 to start. please help me raise the balance

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 2, 2015

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

G

guenter

Bremen, Germany

PG

Paul Graham

United States

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