New equipment for my salon

Mildred Akinyi

Kayole, Kenya

100% repaid

Entrepreneur

Name

Mildred Akinyi

Member since

May 2014

On-time repayments

324 installments  •  74%

About Me

I was born in Gendia Hospital Kendu bay district some 30years back,comefrom a family of 5 where am the first born.went to school at Sony primary and later Joined Asumbi girls High,moved to Nairobi after ward to advance my education in Kenya Polytechnic where I did a Diploma couse in bussiness administration.I like watching movies,reading the Bible and swimming.

My Business

my business involve offering salon services such as hair dressing,manicure,pedicure and facial.I started the business after finishing my college education and could not find employment,after a short while I joined Pivot college and learnt how to run my business on a professional level now I also train youths and other intrested people on skills of operating a salon.My main challenge in business is where customers come in numbers and I dont have enough equiments to sustain them and thats why am mainly interested in the funds so I may buy more necessary equipments.

Loan Proposal

I need to buy a hair drier for my salon since my customers have multiplied and I have less equipment s for my salon especially the drier since most customer need their hair straightened on daily basis and when they come and find all the drier are busy they go away to other salons.I will use the money funded to me and add with more from my savings and buy a new drier,a friend is selling to me a second hand drier but still in good condition at Ksh10000 if I receive the funds and add to my savings I will be able to buy the equipment.This will be good for my business since it will help me maintain my clients and generate more income am more than confident that with my experience in my work getting the drier will help me generate more income and so paying the loan wont be a problem at all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.12

Date disbursed

Jul 14, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.12 at 8.80% annual rate over 1 month = $0.42

Service fee: $0.17

Lenders

G

GalantnostS

Hong Kong, Hong Kong

SeeMeeFi

Ontario, Canada

fairspirit

Utrecht, Netherlands

M

miriamg

Toronto, Canada

Sarasota

Sarasota, Fl, United States

pvilliger

Zurich, Switzerland

A

alretz

United States

J

jbhernan

United States

Sputnik

Switzerland

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