Makeups for my beauty shop

Andrew

Uranga, Kenya

100% repaid

Entrepreneur

Name

Andrew

Member since

July 2016

On-time repayments

233 installments  •  36%

About Me

Andrew is a Kenyan by nationality who resides from Siaya county. I am a diploma graduant in Business administration. Started business back in 2007 so as to raise for to enhance me complete my high school education. From I had explored business ideas from Kenya and beyond including Tanzania. Andrew is a self driven person who works with personality with a desire to achieve the set objectives. A challenge that I went through 2007 of raising my own school fees from the little coins I gained from photography made me have a life change that irrespective of all the hardness situations one goes through he or she is still in a position to prosper. The set culture that the parents are permanently the ones to raise up their kids I got a time to challenge it. From my personal hard work my siblings would want to be prosperous business managers. Andrew likes taking photos reading swimming, traveling,singing and making friends.

My Business

I personaly venture in different types of businesses that include service and product delivery. I currently manage a photo studio, bar and public address system. This has made me manover in life. The products that i sell in both my studio and pub are some of the necessities that most of the people in my country use i.e liquor is being used almost daily. Cosmetics are other things that are highly in demand. With various occasions taking place almost every weekend the services of PA is highly demanding. All the above ventures were suitable to me because handling wasnt costing me and i could personally handle them. My revenus mostly comes from the well managed capital that was used to start the ventures loan from other financial institutions and my personal savings. I am currently working on a strategy that will see me working with the profit gained to come up with another business apart from using it to settle debts or loans and school fees for my futher learnings.

Loan Proposal

I will use the loan to stock up beauty materials in my photo studio that are currently on demand and I am not in a position to meet that demand of my customers. This will help me maintain my frequent customers who trust me and my business. From the profit made depending on how it will be received will help me off set the loan and perhaps use part of the profit to boost my other ventures. I will restock make UPS for ladies that will cost 35 dollars that's approximately 3780 KES depending on the exchange rate. My profit is expected to increase from 650KES per week to 900KES per week.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$90.00

Date disbursed

Jul 25, 2016

Repayment status

On Time

Projected term

6 months

Other loans

Lenders

PG

Paul Graham

United States

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