Loan to buy a solar - charged hair dryer, oils & detergents

Margaret

Kombe Village, Kenya

100% repaid

Entrepreneur

Name

Margaret

Member since

February 2015

On-time repayments

203 installments  •  59%

About Me

I am Margaret Akoth, I grew up in a single parent headed family, we were six children living with our mother who didn't have a stable source of income. My father was a polygamist and opted to stay away from the family, absconding his duty as the head of the family. my mother was a stay at home mum. I went through my education and later dropped out due to teenage pregnancy. After leaving formal schooling, I joined a vocational skills course on hair care and beauty and graduated with a Certificate in beauty therapy.

I got married at the age of 18, I started my business of hair care and it helped me to raise money to meet the family obligations of food, shelter, clothing, medical and education when my husband was in College. In my Mbita community, women are not economically empowered though most of the households are headed by women.

I have four daughters and two sons. My eldest daughter has completed High School and the 2nd born daughter is a 3rd year in high school. The eldest want to be a nurse and my youngest son wants to be a pilot.

I like watching and visiting friends in my free time.

My Business

Hair beauty is a fast growing career. I provide hair care, styling and weaving. I would like to buy hair beauty and therapy products like weaves, oils and cleaning detergents for use in the my saloon business. The business is helping me raise money to meet my family economic obligations.

In a single day, I do serve upto 10 people in my hair and beauty shop. I do get a profit of KES 2,000 per day and I work 6 days a week. I intend to expand my business and buy new equipment, supplies and employ two people to help me meet the growing business demands. I am seeking a loan of KES, 79,034 that I will use to expand my business. With the boosted capital, I will be able to buy more hair beauty products and detergents in this August Holiday and serve upto 20 clients per day with a profit margin of Ksh 4,000 per day translating to Ksh 24,000 per week. I will be able to repay the loan in time pay the high school fee for my daughter in high school.

Loan Proposal

I am seeking a loan of KES 23,348 to enable me buy a solar - charged hair dryer, assorted hair treatment oils and detergents for use in my beuty hair salon. My business has picked up well and I have a steady flow of clients that likes my hair beuty products. The income from my business is helping to meet family food, medical and education costs. I am happy for the ZIDISHA community for free interest loans. I look forward to repaying on time and accessing ore flexible loans in future.

Feedback

8

None

None

  • BernadetteV    Aug 1, 2018

    Margaret repaid the loan already after 3 months. It’s a pleasure to lend to her.

    Log in to reply • Share
  • Mary    Jul 24, 2018

    Dear Margaret,
    thanks for paying back your loan. Best wishes for your continued success!

    Log in to reply • Share
  • BernadetteV    Oct 24, 2017

    It's a pleasure to lend to Margaret. She made repayments whenever she could and repaid the loan early.
    Best of luck, Margaret with your business.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$242.00

Date disbursed

Jul 8, 2015

Repayment status

On Time

Projected term

5 months

Lenders

snapcore

--, United States

Lawrence J

Winnipeg, Canada

J

Jennifer

Minneapolis, United States

eaganlender

Kalamazoo, United States

D

duckdork

De Forest, United States

P

Prysdahl

Marshall, United States

E

erlingre

Sør-Fron, Norway

L

LenoMetus

Perth, Australia

G

giova

Padova, Italy

D

dajja

Stockholm, Sweden

Jonas

Brussels, Belgium

M

Mal57

Australia

C

CNazira

Melbourne, Australia

E

Eleorest

United States

lauren and jubilee

San Antonio, Texas, Usa, United States

B

bvirlet

United States

R

richardbrewster

United Kingdom

M

mitchmk84

United States

S

salonasante

United States

AltruismUSA

Los Angeles, Ca, United States

J

Jrung

United States

R

RosieWatrs

United States

E

emfagan1

United States

L

leftyoctober

Minneapolis, United States

T

thenwhen

United States

T

toulouse

United States

K

KRose

United States

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

E

expatri

United States

C

CraigInCo

United States

D

Dowdin

United Kingdom

H

hedyeyre

United States

G

GMB2014

United States

O

OzMonkey

Australia

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

belvi

Hoogeveen, Netherlands

Z

zidscott

United States

A

araali

United States

M

Mkaput926

United States

J

JonAlec

United States

H

HLCharityFund

United Kingdom

C

cyberangel

United States

Grant Xavier Storer

Seattle, Wa, United States

S

samrajbal

United Kingdom

R

reganbrian

United States

I

IndianaMike

United States

Hoops

United States

M

Marielle

United States

R

Rajendra

Jamkhed 413201 Maharashtr, India

S

samuelknecht

United States

G

Gfunkey

United States

N

NickiW

United Kingdom

S

StefanB

Stockholm, Sweden

K

Kebrenagast

New York, United States

R

rokbe

Netherlands

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

F

Foster

United Kingdom

B

bwmoore

United States

E

ErinL

United States

P

Pinkhobgoblin

United Kingdom

Kallwejt

Warsaw, Poland

P

Pragathi

United States

RJ

Ryan J Cotton

United States

stephen sontag

Narragansett, United States

PH

Phil H

United States

Michelle

Sydney, Australia

Alberto Cereser

Copenhagen, Denmark

Fabian Linzberger

Vienna, Austria

U

Ulrich

Switzerland

JC

Jane Cohen

United States

MW

Matt Willis

United States

CA

Christian Anger

Michendorf, Germany

P

Patty

Colorado Springs, United States

Thomas

Basel, Switzerland

JD

Jo Dane

Melbourne, Australia

Sarah and Dave

Toronto, Canada, Czech Republic

Paul Buchheit

Mountain View, United States

Ask Margaret a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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