Loan for salon tools

Owusuaa

Boya, Ghana

12% repaid

Entrepreneur

Name

Owusuaa

Member since

September 2016

On-time repayments

78 installments  •  8%

About Me

I am the first in a family of four children, I completed primary education at Nanginia primary school and joined kolanya girls ,secondary school ,but at my second year of study , I had to drop out of school and joined local day school after the death of my father. I procedure after secondary education to Nairobi where I did hair dressing and beauty.
I hardship I experienced when starting my business was lack of capital and access to finance. I had to work for two years to save for my start up capital.
The teso community has diverse culture and there are the teso shrines were we go for special prayers and rinsing,we grow tobacco as cash crop and sorghum as staple food.
my child wants to be a pilot when she grows up ,she likes seeing planes fly over and always wishes she flies them one day.
I love dancing and nature walk during my free time.

My Business

I provide services like manicure,pedicure,hair dressing, massage and plating. the demand for the services is high because I am social ,outgoing and always offer quality services at fair prices.
I choose these business because it needed less capital to start and is easy to manage and run.
my typical costs per month are $100 and my monthly revenues are $30 per month.
I use the revenues to pay fees for my child, support my young sisters and brothers and take care of my aging mother.

Loan Proposal

Dear sir/madam
I am kindly asking you to lend me $80 so that I can venture into new line of business and that is provision of beauty products,my beauty saloon is spacious and so i will not incur any costs of rent ,security etc but the products will help me attract and attain customers as well as increase my earnings by 50%. please support me.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Sep 22, 2016

Repayment status

Late

Projected term

19 months

Lenders

The Zinc Team

San Francisco, United States

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