Loan to buy beauty cosmetics for sale
Margaret
Kombe Village, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
51 installments • 55%
About Me
I was born in Ogongo Village of Mbita Sub County in Lambwe Valley. My father had one wife and both my parents were peasant farmers. I joined Waringa Primary School and sat for my Kenya Certificate of Primary Education (KCPE) in the year 2002. I passed very well but could not continue with my secondary education due to lack of school fee. I therefore joined a Beauty and HairDressing Course in Mbita Town.
I got married in the year 2004 as a second wife to the late Johana Omuoso. Our marriage was blessed with two sons (Johana Omuoso - Jnr and Bernard Omondi). I am now a widow and the one educating and taking care of the children. My first born would like to be an Engineer and the last born a Teacher.
I started my business in 2012 after the death of my husband. I like visiting and helping the needy in the society.
My Business
My Saloon business is a fast-growing Hairdressing and Beauty Shop. It's situated in a very strategic location and I do attend upto four clients in a single day. There's demand for hair make-ups and saloon is a fast-growing business in Mbita Community. I love helping people and this business provides me with an opportunity to help people especially women in my community. Since I am living with HIV Virus, the business serves as a very good platform to pass HIV protection and care messages to clients in my community and it's helping to minimize the risk of new HIV infections as I serve as an advocate myself. In a good day I can make upto Ksh 1000 from the business and this is what I use to buy food and pay school fee for my children.
Loan Proposal
Having received a loan of KES 3,134 from ZIDISHA that helped me to buy hair dressing products, am now seeking a loan of KES 7,517 to buy more beauty cosmetics for sale in my beauty shop. The products are n high demand and I will be able to increase my income by 30% and increased profit will be used to repay the loan and support my two kids in primary school.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$82.00
Date disbursed
Apr 4, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Munich, Germany
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