Loan to buy stock of weaves for my salon

Mahalath

Nairobi, Kenya

15% repaid

Entrepreneur

Name

Mahalath

Member since

August 2019

On-time repayments

21 installments  •  48%

About Me

I am called mahathath awuor, i came from a family of seven siblings of which am the fifth.I did my primary school at kamagambo primary after which joined amaiko mixed secondary school where i did my KCSE. because my parents who are just a small scale farmers could not take me to college, my brother saw it better to help me achieve my dream by taking me to kisii polytechnic where am currently pursuing diploma in human resource course. i come from a luo tribe which still practice wife inheritance cultural activity as well as we are neighbors to kissii peope who do circumcise women. i look forward to help eradicate these culture which has no help to our surrounding community as wife inheritance just promote spread of deadly diseases like AIDS by sensitizing them to be self reliance by doing small business or en gauging on agriculture to carter for their daily needs so as to bring back hope to the widows and orphans.

My Business

since i did not want to overburden my brother to pay for me all my expenses an school fees, i felt that i should use my talent which i had since childhood of braiding hair to earn some cash so that at least i can reduce the amount he pays for me in school and other expenses. i do run a salon business after my class sessions . this has enable me pay for my rent and other expenses. i have made it easier to also support our last born who is still in high school as parents cant over work to get her the school requirements.

i lookfoward to make my business grow bigger so as to employ orphans and widows who have same skills as mine in order to encourage them that there is life after loosing their beloved ones and be self dependent.

Loan Proposal

I would wish to use the loan I am applying for to buy weaves which I largely use inmy salon. since buying the weaves in large quantities is much more economical I have seen it better to be having stock available in my salon premises to avoid impulse buying whenever i receive the client. apart of large scale buying it also saves time as I will not be moving every now and then to the wholesalers for purchase.

Feedback

1

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  • Sabrina    Aug 31, 2019

    Thanks a lot for repaying your loan even earlier than scheduled!

    Log in to reply • Share
    • Mahalath    Aug 31, 2019

      You are welcome Sabrina. I look foward to make my business grow bigger with your support.

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$33.00

Date disbursed

Oct 13, 2019

Repayment status

Late

Projected term

3 months

Lenders

Mary

Germany

Stefan Koshold

Mülheim, Germany

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