Purchase of a backup generator to my salon
Martha
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Martha
Member since
February 2015
On-time repayments
181 installments • 69%
About Me
My mum owned a salon when i was young and anytime she went to work i could either accompany her or after leaving school i had to drop by her work place before we could all go home together.Anytime a client would come with unkempt hair after several hours after my mum work on it the outcome was always awesome.I grew with the interest of one day becoming a great stylist with a state of art salon and also owning a depot whereby i will be supplying all types of hair and cosmetic stuff.
After finishing college in hairdressing i started hunting for a job in Nairobi.It was hectic since most employers didn't want to pay a monthly income and they opted to pay me commission.It wasn't a smooth ride since the city was expensive and sometimes i could not get my hands to work due to scarcity of clients and also we were many in the salon and that means that day i couldn't earn my commission.I really prayed hard for God to open a way for me since i was really in a bad state.
In 2011 i landed in a salon where my boss loved my work and fully entrusted me with her salon.Anytime she was a way i acted as a manager.It came a time when she got green pastures and wanted to sell off the salon.Since we had created a friendship and didn't want me to suffer she recommended me to take over the place and could be paying her on a monthly basis until i clear the balance.And that's how i came about to owning a salon with equipments after repaying her after two years.
My Business
My source of income comes from providing my services of hairdressing and also i pick hairs in bulk from a wholesale cosmetic at a cheaper price and use it on my clients who pays the standard price of retail.Therefore from a client i benefit in both ways.My services include braiding,weaving, manicure, pedicure and also i do dreads.
The services are greatly in demand since the place my salon is situated most people are working class and always want to look neat when going to work and also their children anytime they go to school i make their hair.
I choose this kind of business since it has always been my passion since i was young and also i have my livelihood catered for.
My typical costs include paying rent for the premises and also buying certain hair oils.My revenue comes from the services i stated earlier and also anytime i source hair from the whole sale cosmetics i come over and sell to my client at a retail price.
I use my profits for reinvesting in my business and also home improvements.
Loan Proposal
Once again thanks to everyone who funded my previous loan.When i get funded on this loan i will purchase a backup generator to my salon which will cost me $363.We are approaching the rainy season in our country and probability of Elnino floods.Due to this alert of change of weather they will be frequent power outage throught and since my business is highly depended on electricity power it will be affected.
With the purchase of the generator i will have no worries of loosing any customer and also it will give assurance to my customers that their hair will be in good condition despite any power outage.
I expect my profit to increase double since i will be the only one in that area to have a generator and in case of power outage i will attract more clients from the area.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$383.00
Date disbursed
Oct 27, 2015
Repayment status
On Time
Projected term
15 months
Lenders
I want my "My loans" page back, Qatar
United States
United States
Taiwan
Doha, Qatar
United States
Sweden
United States
United States
United States
United States
United States
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Summary
Amount repaid
$400.22
Amount remaining
$0.00
Date repaid
Jan 12, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 8, 2015 | $10.00 | Nov 13, 2015 | $9.50 |
| Nov 16, 2015 | $0.50 | ||
| Nov 15, 2015 | $10.00 | Nov 16, 2015 | $9.00 |
| Nov 24, 2015 | $1.00 | ||
| Nov 22, 2015 | $10.00 | Nov 24, 2015 | $8.50 |
| Dec 1, 2015 | $1.50 | ||
| Nov 29, 2015 | $10.00 | Dec 1, 2015 | $10.00 |
| Dec 6, 2015 | $10.00 | Dec 1, 2015 | $3.50 |
| Dec 8, 2015 | $6.50 | ||
| Dec 13, 2015 | $10.00 | Dec 8, 2015 | $3.50 |
| Dec 21, 2015 | $6.50 | ||
| Dec 20, 2015 | $10.00 | Dec 21, 2015 | $3.50 |
| Jan 1, 2016 | $6.50 | ||
| Dec 27, 2015 | $10.00 | Jan 1, 2016 | $8.50 |
| Jan 5, 2016 | $1.50 | ||
| Jan 3, 2016 | $10.00 | Jan 5, 2016 | $8.50 |
| Jan 18, 2016 | $1.50 | ||
| Jan 10, 2016 | $10.00 | Jan 18, 2016 | $8.50 |
| Jan 25, 2016 | $1.50 | ||
| Jan 17, 2016 | $10.00 | Jan 25, 2016 | $8.50 |
| Feb 3, 2016 | $1.50 | ||
| Jan 24, 2016 | $10.00 | Feb 3, 2016 | $8.50 |
| Feb 8, 2016 | $1.50 | ||
| Jan 31, 2016 | $10.00 | Feb 8, 2016 | $8.50 |
| Feb 17, 2016 | $1.50 | ||
| Feb 7, 2016 | $8.50 | Feb 17, 2016 | $8.50 |
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $5.00 | Feb 26, 2016 | $5.00 |
| Feb 28, 2016 | $5.00 | Mar 1, 2016 | $5.00 |
| Mar 6, 2016 | $5.00 | Mar 8, 2016 | $5.00 |
| Mar 13, 2016 | $5.00 | Mar 16, 2016 | $5.00 |
| Mar 20, 2016 | $5.00 | Mar 16, 2016 | $0.50 |
| Mar 29, 2016 | $4.50 | ||
| Mar 27, 2016 | $5.00 | Mar 29, 2016 | $2.00 |
| Apr 3, 2016 | $3.00 | ||
| Apr 3, 2016 | $5.00 | Apr 3, 2016 | $5.00 |
| Apr 10, 2016 | $5.00 | Apr 3, 2016 | $1.00 |
| Apr 17, 2016 | $4.00 | ||
| Apr 17, 2016 | $5.00 | Apr 17, 2016 | $5.00 |
| Apr 24, 2016 | $5.00 | Apr 17, 2016 | $1.00 |
| Apr 29, 2016 | $4.00 | ||
| May 1, 2016 | $5.00 | Apr 29, 2016 | $5.00 |
| May 8, 2016 | $5.00 | Apr 29, 2016 | $1.00 |
| Jun 12, 2016 | $4.00 | ||
| May 15, 2016 | $5.00 | Jun 12, 2016 | $5.00 |
| May 22, 2016 | $5.00 | Jun 12, 2016 | $5.00 |
| May 29, 2016 | $5.00 | Jun 12, 2016 | $5.00 |
| Jun 5, 2016 | $5.00 | Jun 12, 2016 | $1.00 |
| Jul 2, 2016 | $4.00 | ||
| Jun 12, 2016 | $5.00 | Jul 2, 2016 | $5.00 |
| Jun 19, 2016 | $5.00 | Jul 2, 2016 | $1.80 |
| Jul 2, 2016 | $3.20 | ||
| Jun 26, 2016 | $5.00 | Jul 2, 2016 | $3.80 |
| Jul 5, 2016 | $1.20 | ||
| Jul 3, 2016 | $5.00 | Jul 5, 2016 | $5.00 |
| Jul 10, 2016 | $5.00 | Jul 5, 2016 | $3.80 |
| Aug 9, 2016 | $1.20 | ||
| Jul 17, 2016 | $5.00 | Aug 9, 2016 | $5.00 |
| Jul 24, 2016 | $5.00 | Aug 9, 2016 | $5.00 |
| Jul 31, 2016 | $5.00 | Aug 9, 2016 | $5.00 |
| Aug 7, 2016 | $5.00 | Aug 9, 2016 | $5.00 |
| Aug 14, 2016 | $5.00 | Aug 16, 2016 | $5.00 |
| Aug 21, 2016 | $5.00 | Aug 16, 2016 | $0.30 |
| Sep 5, 2016 | $4.70 | ||
| Aug 28, 2016 | $5.00 | Sep 5, 2016 | $5.00 |
| Sep 4, 2016 | $5.00 | Sep 5, 2016 | $0.30 |
| Sep 18, 2016 | $4.70 | ||
| Sep 11, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Sep 18, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Sep 25, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Oct 2, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Oct 9, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Oct 16, 2016 | $5.00 | Sep 18, 2016 | $5.00 |
| Oct 23, 2016 | $5.00 | Sep 18, 2016 | $4.30 |
| Sep 27, 2016 | $0.70 | ||
| Oct 30, 2016 | $5.00 | Sep 27, 2016 | $4.30 |
| Oct 17, 2016 | $0.70 | ||
| Nov 6, 2016 | $5.00 | Oct 17, 2016 | $5.00 |
| Nov 13, 2016 | $5.00 | Oct 17, 2016 | $4.30 |
| Nov 14, 2016 | $0.70 | ||
| Nov 20, 2016 | $5.00 | Nov 14, 2016 | $5.00 |
| Nov 27, 2016 | $5.00 | Nov 14, 2016 | $4.30 |
| Dec 13, 2016 | $0.70 | ||
| Dec 4, 2016 | $5.00 | Dec 13, 2016 | $5.00 |
| Dec 11, 2016 | $5.00 | Dec 13, 2016 | $4.30 |
| Dec 15, 2016 | $0.70 | ||
| Dec 18, 2016 | $5.00 | Dec 15, 2016 | $5.00 |
| Dec 25, 2016 | $5.00 | Dec 15, 2016 | $4.30 |
| Dec 26, 2016 | $0.70 | ||
| Jan 1, 2017 | $5.00 | Dec 26, 2016 | $5.00 |
| Jan 8, 2017 | $5.00 | Dec 26, 2016 | $5.00 |
| Jan 15, 2017 | $5.00 | Dec 26, 2016 | $5.00 |
| Jan 22, 2017 | $5.00 | Dec 26, 2016 | $2.30 |
| Jan 12, 2017 | $2.70 | ||
| Jan 29, 2017 | $5.00 | Jan 12, 2017 | $5.00 |
| Feb 5, 2017 | $5.00 | Jan 12, 2017 | $5.00 |
| Feb 12, 2017 | $5.00 | Jan 12, 2017 | $5.00 |
| Feb 19, 2017 | $1.72 | Jan 12, 2017 | $1.72 |
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