Donald
Nairobi, Kenya
100% repaid
Name
Donald
Member since
August 2020
On-time repayments
48 installments • 42%
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 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.
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
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
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$327.00
Date disbursed
Mar 3, 2021
Repayment status
On Time
Projected term
4 weeks
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