Money to purchase tools and equipment for my salon shop

Lobo Martha

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Lobo Martha

Member since

June 2021

On-time repayments

22 installments  •  55%

About Me

I am lobo Martha by name I’m 26 years old one kid am 5’7 feet tall and I was born in Ghana and raised in Kumasi my religion is a Christian, am student I study accounting and I just completed my education and I had master degree in accounting.
Am that easy going type adventurous romantic ambitious and have great good of humor my hobbies are too many but to mentioned a few, sports, watching television going for walk listening to music, I don’t drink alcohol or smoke am always smiling and don’t easily get irritated, I don’t even remember the last time I frowned.
I always make sure to share the little that I have with someone and also satisfied with whatever I have. Am an all rounded person to cut it this is all I can say about me.

My Business

I graduated from hairdresser training in the year of 2020 and established my own shop at Kumasi bantema junction I work serious and hard to achieve my goal, I have six workers under me, I do all kinds of hairstyles that give an income of 200$ per day.

Loan Proposal

This loan will be use to purchase tools and materials in my salon shop it will help me to get more income because sometimes my clients are complaining about the tools and materials I use in my shop so they don’t feel like coming to do their hairstyles. If I get this opportunity of an amount of 450$ I will use to buy materials like shampoo and hairspray machine. This will help me to win more clients and improve my business

Income Source

In case I face any risk in the hairstyles business I will use my other sources income to pay the loan and I do little savings at bank I have two sources of income
1. I have 10 wheelbarrow which I use to rent the house builders one wheelbarrow cost 20$ per day. Every day I received 200$ from my wheelbarrow business.
2. I have 3 block machine which I use to rent the workers who need, I get 35$ per day from my block machine.
So if any problem I will use my source income to pay this loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$46.63

Date disbursed

Jun 30, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $1.65

Credit risk payment: $5.06

Lenders

B

Barbra

United States

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