Entrepreneur
Name
Phenny
Member since
December 2016
On-time repayments
103 installments • 52%
About Me
I am Phenny a businesswoman who deals with selling of clothes as well as running a beauty parlor in the coastal city of Mombasa. I have been doing business for the last 15 years with moderate success. I am a single mother of three children who are all in school. I believe in hard work and honesty.
I am a church minister and I spend my Sundays in Church where I do a lot of church activities such as preaching and counseling.
My children are all in school one would like to be a teacher, the other one a dentist and the third born an engineer.
My Business
I run a beauty parlor where I do all sorts of beauty work such as hair styles, pedicure and manicure. I also sell ladies clothes to supplement my income. I use the profit from this business to support my family with food, school fees and other necessities.
I hope to keep growing by leveraging on credit facilities such as Zidisha. My dream to move this business to the city center where I will be able to attract high class clients.
Loan Proposal
I am building my business gradually by taking Zidisha loans. I now want to buy a new stock of women accessories such as handbags and purses to sell. With this amount, I will be able to buy 8 handbags and a dozen purses.
I have orders for the same so I know I will be able to sell the items very fast and make a good profit of about 30%. More importantly, I will be able to put back the profit in my business and accelerate its growth while still repaying this loan.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Mar 27, 2018
Repayment status
Late
Projected term
11 months
Other loans
Ask Phenny a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.