Loan to add more cosmetics to my saloon

Sarah

Eldoret, Kenya

100% repaid

Entrepreneur

Name

Sarah

Member since

November 2016

On-time repayments

40 installments  •  53%

About Me

I am a thorough and ambitious lady aged 24 brought up in a Christian family in Kericho Kenya.I went through Primary,Secondary and College level and holds Diploma in Fashion and Design. I had to get self employment after finding hard getting a job and i had to get out of home in search of greener pastures.Eldoret was my ideal town to turn my life around through business in order to earn me a living.I gathered small amount of capital and set out for the mission.
My culture appreciates everyone and treats each individual equally regardless of Age,Gender,Wealth among others.I currently got no children.
I love making new friends and reading novels as my hobby.

My Business

After my research,i found out that starting a salon was the ideal business idea based on the fact that that few salons existed at the time in the locality.I started the business in the year 2013 .The services that i offer include,all hair make ups,manicure and pedicure and recently introduced cosmetics.
My monthly typical costs incurred include Electricity cost Ksh.2000,Water Ksh1500,Rent Ksh. 5000,Miscellaneous costs Ksh.2000.My net profits has been averaging Ksh.15600.
From this profit,i have been using to pay my house rent(where i live),food and clothing and also reinvesting back to my business on the cosmetics side.

Loan Proposal

I am seeking more funds to purchase more cosmetics products specifically braids. This will enable me boost my profits even more and continue increasing the stock in my shop in trying to satisfy huge customer demand at the moment.
Braids are like hot cakes. Unfortunately,i haven't stocked my shop to accommodate all types of braids. Therefore my main aim is to have all typed of braids in my shop and i am going to fulfill this with the continuous help from my lenders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$16.00

Date disbursed

Apr 20, 2017

Repayment status

On Time

Projected term

3 months

Lenders

MarktheMormon

Sandy, Utah, United States

Karijn

Amsterdam, Netherlands

Franmiguel

Perth, Australia

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