Loan to buy beauty products for my salon

Susan

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Susan

Member since

September 2014

On-time repayments

274 installments  •  51%

About Me

My name is Susan John, born in Meru county around Mt. Kenya. I was born in a family of 6 where I am the fifth born. My parents were and still are small scale farmers. I went to primary and later secondary school in the same area.

I later enrolled for a diploma course in hair dressing. I later did a short course in computer applications. I later decided to relocated to Mombasa to live with my cousin. I secured a job at a hair salon in Mombasa town where I worked for one year. Using savings from this job, I was able to start my own beauty salon and this is what I am still doing.

I am hard working and honest person and these qualities have made me succeed in my business. I am also a strong member of my church where I serve as youth mentor.

My Business

I run a beauty salon where we cater for both men and women. This business doubles as a hair salon as well as a barber shop. I do many beauty services for women such as hairdo, hair treatment, facial, pedicure etc.

I serve a all types of clients from men who come for shaving and a large number of working women who like to look smart at their places of work. I occasionally serve tourists who come to holiday here in Mombasa.

To supplement my income, I also sell airtime vouchers and soft drinks such as drinking water and sodas. This business is quite profitable and self sustaining. I make an average $300 per month.

My dream is to open a hair and beauty training center where I will be able to train learners in this area of beauty. I want to use this loan as an entry point to Zidisha with an ultimate goal of getting funding to start the center in future.

My income is sufficient to service this loan comfortably.

Loan Proposal

As stated above, I am a beautician and I need to stock my salon with beauty products so that I can save on buying in bulk. With this money I will buy beauty lotions ($40), hair pieces ($30) and nail polish ($15).

This will lead to quicker service since I wont have to be buying an item when it is needed. Hopefully this will make my clients happier and bring more income to my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 4, 2015

Repayment status

On Time

Projected term

7 months

Lenders

YB Song

Seoul, Republic of Korea

G

guido

Valladolid, Spain

SeeMeeFi

Ontario, Canada

Richard Griebe

La Jolla, United States

P

plhughes

United States

Valeria Cremonesi

Casalpusterlengo, Italy

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