Loan to buy hair dryer for saloon

Alex

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Alex

Member since

May 2020

On-time repayments

6 installments  •  83%

About Me

Am I Alex Nsiah Kwarteng. I have seven siblings of which four are males and 3 are females. Am fair in complexion. Am about 6m tall. I started my elementary school in Adjakaa Manso Nkwanta number 1. From primary six I moved with my parents to stay in Kumasi in the Ashanti region of Ghana. I completed junior high school at Lake View Junior high school. I went to Konongo odumase senior high school. Am a businessman Now. I am married with one baby boy.

My Business

I have different kind of business which include provision store, Saloon operating, farming as well. I have hired labours to work in these projects for me and I do supervise the project all the time. I real goat as well. I get about ghs20000.00 a year. I paid my labours or workers with some of the income from my business.

Loan Proposal

I will use $20.00 to buy one small hand hair dryer to use to dry hair. I will use $70.00 to buy one large dryer to also dry hair. I will use $30.00 to buy human hair and sell at the salon.

Income Source

Even though we are in the vivid 19 pandemic season, most women and ladies come to the salon to make their hairs and prait their hairs as well. I will use some of the income from the salon to repay the loan taken. Aside the income from the salon, I can also sell some of the goat to do the repayment of my loan taken.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.00

Date disbursed

May 17, 2020

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

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  • Efua    Jul 5, 2020

    Alex is complaining of high deduction because of that makes him default because he received small amount but has promised to pay it soon

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  • Alex    Jun 4, 2020

    Ggood evening, because of 10% interest rate and the 20% non refundable credit risk deductions which is making a total of 30% on the total amount of ghs213.00 requested, I received ghs154.00 after the interest rate of 30% deductions. I bought I couldn't buy my large hair dryer. I will wait for the next loan amount before I can buy it. Thanks so much

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  • Alex    May 26, 2020

    Good evening, I have received an amount of ghs154.00. I will use it to buy small hand dryer. Thank you so much

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  • Alex    May 25, 2020

    Good morning lenders. I will use the loan taken to buy dryer for my saloon. This dryer will help me prait customers hair. Thank you very much

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  • Alex    May 20, 2020

    Good evening, the loan has helped me gain more profit. Thank you so much

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  • Alex    May 15, 2020

    I have received an amount of ghs73.00. I will buy one hair dryer for my saloon. Thank you

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  • Alex    May 15, 2020

    I have received an amount of ghs73.00. I will buy hair dryer for my saloon. Thank you so much

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