Led gel lamp

Muchoki

Kayole, Kenya

100% repaid

Entrepreneur

Name

Muchoki

Member since

June 2017

On-time repayments

65 installments  •  25%

About Me

my name is lewis muchoki owner of krizz nail parlour.I was born in kirinyaga county.my family was not well off but interestingly we never lacked basic necessities.All that changed when my mother died while i was in class 3 and was left at the mercy of my step dad life became hard and I had to leave...fortunately through government funding I was able to finish my form four and get a certificate.After form four I looked for a job and my first job was as a cyber cafe attendant with an income of just 8000 ksh.which was hardly enough for me.i sought for greener pasture and got a job at a betting company as a sports betting cashier with a salary of just 18000 these was a relief at least I cousin spare some cash.i enrolled in university perusing a degree in computer science but half way I become jobless again and had to stop my classes.i looked for on other job and got trained as a nail artist and I saved for one year and got 60k. I started my own nail parlour with just that cash well it was not that comfy and stylish but I made it.
convincing customers was hard because there was no variety of services we could offer but what made me outstand against my competitors was services I offered one year later I was able to upgrade

My Business

Well 3 years after inception and the results and experience have been extremely motivating.when I started the monthly turnover was just 8000 that was not even enough to pay the business rent.i had to opt for a loan.i got a loan from a friend to top up for the rent and add some more commodities in our profile.six months later our customer base had grown to 200. and the monthly turnover was 20000.after one year the monthly turnover was 50000 thousand
That year the annual turnover was 105000.At the end of second year the turnover was 400000.We are targeting 600000 this year.

Loan Proposal

We have a client base of over 500 customers per month with over 50 customers per week.we offer a wide variety of services like manicure pedicure gel application facial and other services.We are going to use the money to buy a led gel lamp which is efficient in gel application.we expect that we will increase our gross revenue by 30% to 18000 weekly.Our net income will be 9500 weekly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$22.00

Date disbursed

Oct 17, 2018

Repayment status

On Time

Projected term

1 week

Lenders

P

Peter

Bratislava, Slovakia

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