Inventory of a salon blow drier

Martha Orina

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Martha Orina

Member since

February 2015

On-time repayments

26 installments  •  27%

About Me

I am Martha Orina age 26 yrs old who grew up in a humble home with good Christian values I come from a land in Kenya known as kisii . its best known for the best bananas in our country kenya.growing up we struggled so much to make ends meet.since my parents could not afford to pay fees for my schooling i had to drop out for my siblings to continue schooling.Hard work is my motto. I always loved beauty that's why I settled in beauty business. I started it in 2012 with very little income that i got from jus working odd jobs to make ends meet.and the business is growing as time goes by. There has been challenges on the way, especially financial strains but with prayer and hard work, I have managed to overcome.

My Business

In my business I make clients hair and it is of high demand because women like their hair looking good.I chose this kind of business because I have a passion in making hair and nails for my customers.my costs are like 15000 kes a month and my revenue is up to 50000 a month. through the profits acquired I will expand my business and make my clients more comfortable.

Loan Proposal

Dear lenders,with the loan acquired I will use it to buy a blow drier for my salon to dry my clients hair.the blowdrier is around 48$ and it will help me dry my clients hair faster so my clients will not have to sit around for long waiting for me to use the hotcomb.it will make my work much easier and hence more clients and less time.my profits are expected to increase my 60%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.19

Date disbursed

Feb 19, 2015

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $50.19 at 7.42% annual rate over 7 months = $2.18

Service fee: $1.10

Lenders

P

Philippe

Adliswil, Switzerland

S

searthsong

Colorado Springs, United States

A

AJCortens

Boise, ID, United States

J

JeffH

United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

H

hixeu

Belgium

P

Prometheus

Duisburg, Germany

A

adamdreaming

United States

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

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