Rent for my business stall and purchase beauty products

Donald

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Donald

Member since

August 2020

On-time repayments

48 installments  •  42%

About Me

Born in a polygamous family, I am the second born to my mom. Mom being unemployed and entirely dependent on peasantry we could hardly make ends meet. I am thankful that this life did not end my dreams but refined my approach, that through the small entrepreneurial adventures from my childhood through to this day I have been able to beat odds.

My Business

My business is an executive salon in the heart of Rongai area which I have done for more than 4 years. I have also secured space in the neighborhood where I opened a Kinyozi which is now picking and I intend to make it high end as the market is generally made of the working class, and I believe with time this will increase revenue and better my life.

Loan Proposal

I am requesting for a loan to enable me pay rent for my business stall and use the balance to add beauty products stock. The beauty products will be for both use in my salon and retail sales. This will ensure that my business runs smoothly and also I don't clash with the landlady because of delayed rent payment

Income Source

Things have improved as compared to the onset of Covid-19. We have come up with viable means to cope; social distancing, sanitizing, wearing masks, etc and this has made room for me to continue with business without further interruption. I am therefore sure to make enough money to repay the loan an be left with what I will plough back to business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$327.00

Date disbursed

Mar 3, 2021

Repayment status

On Time

Projected term

4 weeks

Lenders

Kevin

San Francisco, United States

Vratik Krocik

Prague, Czech Republic

JH

Joseph Hwang

Houston, United States

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