Purchase a hair dryer machine for sallon bussiness

Rose

Nairobi, Kenya

14% repaid

Entrepreneur

Name

Rose

Member since

April 2015

On-time repayments

129 installments  •  24%

About Me

My names are chepkemoi njuguna from limuru town am a second born member of a family of three i got my dad, my lovely mum and my only sister.
Am studying business administration at lit college in limuru and i love beauty so much i own a small saloon at limuru town and the funny thing is i began this saloon with my pocket money i believe in savings and when i was in first year i started saving small amounts for clothes then after i asked my self, what if i save and start a business? i wouldn't have to keep borrowing money from my parents so while in second year i set my new years resolution to be to save 50 thousand ksh for start up of a salon and last year is when i managed to get the target amount and without thinking twice i began my saloon,
I go to class for two hours in the morning and at ten i open my saloon and this is how i manage my life surpport my familly and basic needs

My Business

My lovely business is a small saloon operating from 10 am to 7 pm in the evening at limuru stage ,i offer manicure,pedicure,hairdressing.foot massage,braiding ,lipstick application and generally all it takes to be beautiful.
I sell waives and naturally hair along side cosmetics,i chose this business out of love and passion.
I began training as a saloonist after i finished primary school and while in high school i used to help my friends with making their hair.
My cost are basically stock of cosmetics which i give it a capital of 400 us d and my service fee varies from hairdressing to blow dry and many different kind of service as per the customers need.
i make almost 15 USD a day (90 ksh per USD) and use it to reinvest in my saloon and basic needs alongside helping my family.

Loan Proposal

granted 21024 kes i will use it to buy a new dryer machne formy saloon.
this will expand my bussiness and i will be able to serve more custormers and m,ake more profits.
I will buy a hair dryer at 120 usd other saloon reguirements and stock of things like hair,shampoo soap,towels fair and lovely hair food. I will divide the remaining 100 usd to be enough to cater for the stock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$211.00

Date disbursed

Oct 1, 2015

Repayment status

Late

Projected term

26 months

Other loans

Lenders

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

A

andreab

United States

S

Stephan

Netherlands

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