Solar - powered hair dryer & detergents
Margaret
Kombe Village, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
203 installments • 59%
About Me
I am Margaret Akoth, I grew up in a single parent headed family, we were six children living with our mother who didn't have a stable source of income. My father was a polygamist and opted to stay away from the family, absconding his duty as the head of the family. my mother was a stay at home mum. I went through my education and later dropped out due to teenage pregnancy. After leaving formal schooling, I joined a vocational skills course on hair care and beauty and graduated with a Certificate in beauty therapy.
I got married at the age of 18, I started my business of hair care and it helped me to raise money to meet the family obligations of food, shelter, clothing, medical and education when my husband was in College. In my Mbita community, women are not economically empowered though most of the households are headed by women.
I have four daughters and two sons. My eldest daughter has completed High School and the 2nd born daughter is a 3rd year in high school. The eldest want to be a nurse and my youngest son wants to be a pilot.
I like watching and visiting friends in my free time.
My Business
Hair beauty is a fast growing career. I provide hair care, styling and weaving. I would like to buy hair beauty and therapy products like weaves, oils and cleaning detergents for use in the my saloon business. The business is helping me raise money to meet my family economic obligations.
In a single day, I do serve upto 10 people in my hair and beauty shop. I do get a profit of KES 2,000 per day and I work 6 days a week. I intend to expand my business and buy new equipment, supplies and employ two people to help me meet the growing business demands. I am seeking a loan of KES, 79,034 that I will use to expand my business. With the boosted capital, I will be able to buy more hair beauty products and detergents in this August Holiday and serve upto 20 clients per day with a profit margin of Ksh 4,000 per day translating to Ksh 24,000 per week. I will be able to repay the loan in time pay the high school fee for my daughter in high school.
Loan Proposal
I am seeking a loan of KES 79,119 to enable me buy a solar - powered hair dryer, assorted hair treatment oils and detergents for use in my beuty hair salon. My business has picked up well and I have a steady flow of clients that likes my hair beuty products. The income from my business is helping to meet family food, medical and education costs. I am happy for the ZIDISHA community for free interest loans. I look forward to repaying on time and accessing ore flexible loans in future.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$797.00
Date disbursed
Jan 27, 2017
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
Munich, Germany
Pitten, Austria
Luxembourg
United States
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United States
Austria
Jake Gibson and Beverly Picardo
San Francisco, United States
Canada
United States
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Summary
Amount repaid
$796.98
Amount remaining
$0.00
Date repaid
Jan 6, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 9, 2017 | $60.44 | Feb 11, 2017 | $20.15 |
| Feb 18, 2017 | $25.18 | ||
| Feb 23, 2017 | $15.11 | ||
| Feb 16, 2017 | $60.44 | Feb 23, 2017 | $10.07 |
| Mar 2, 2017 | $3.02 | ||
| Mar 2, 2017 | $27.20 | ||
| Mar 11, 2017 | $20.15 | ||
| Feb 23, 2017 | $60.44 | Mar 11, 2017 | $3.02 |
| Mar 20, 2017 | $35.26 | ||
| Mar 25, 2017 | $22.16 | ||
| Mar 2, 2017 | $60.44 | Mar 25, 2017 | $17.12 |
| Apr 1, 2017 | $15.11 | ||
| Apr 8, 2017 | $20.15 | ||
| Apr 15, 2017 | $8.06 | ||
| Mar 9, 2017 | $60.44 | Apr 15, 2017 | $17.12 |
| Apr 30, 2017 | $20.15 | ||
| May 12, 2017 | $23.17 | ||
| Mar 16, 2017 | $60.44 | May 12, 2017 | $2.01 |
| Jun 9, 2017 | $58.42 | ||
| Mar 23, 2017 | $60.44 | Jun 9, 2017 | $12.09 |
| Jul 9, 2017 | $48.35 | ||
| Mar 30, 2017 | $52.38 | Jul 9, 2017 | $2.01 |
| Jul 29, 2017 | $10.07 | ||
| Aug 10, 2017 | $40.29 | ||
| Apr 6, 2017 | $0.00 | ||
| Apr 13, 2017 | $0.00 | ||
| Apr 20, 2017 | $0.00 | ||
| Apr 27, 2017 | $0.00 | ||
| May 4, 2017 | $0.00 | ||
| May 11, 2017 | $0.00 | ||
| May 18, 2017 | $0.00 | ||
| May 25, 2017 | $0.00 | ||
| Jun 1, 2017 | $0.00 | ||
| Jun 8, 2017 | $0.00 | ||
| Jun 15, 2017 | $0.00 | ||
| Jun 22, 2017 | $0.00 | ||
| Jun 29, 2017 | $0.00 | ||
| Jul 6, 2017 | $0.00 | ||
| Jul 13, 2017 | $0.00 | ||
| Jul 20, 2017 | $0.00 | ||
| Jul 27, 2017 | $0.00 | ||
| Aug 3, 2017 | $0.00 | ||
| Aug 10, 2017 | $0.00 | ||
| Aug 17, 2017 | $0.00 | ||
| Aug 24, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Aug 31, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Sep 7, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Sep 14, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Sep 21, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Sep 28, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Oct 5, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Oct 12, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Oct 19, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Oct 26, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Nov 2, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Nov 9, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Nov 16, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Nov 23, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Nov 30, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Dec 7, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Dec 14, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Dec 21, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Dec 28, 2017 | $5.04 | Sep 6, 2017 | $5.04 |
| Jan 4, 2018 | $5.04 | Sep 6, 2017 | $5.04 |
| Jan 11, 2018 | $5.04 | Sep 6, 2017 | $5.04 |
| Jan 18, 2018 | $5.04 | Sep 6, 2017 | $5.04 |
| Jan 25, 2018 | $5.04 | Sep 6, 2017 | $5.04 |
| Feb 1, 2018 | $5.04 | Sep 6, 2017 | $5.04 |
| Feb 8, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Feb 15, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Feb 22, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Mar 1, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Mar 8, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Mar 15, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Mar 22, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Mar 29, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Apr 5, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Apr 12, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Apr 19, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Apr 26, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| May 3, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| May 10, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| May 17, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| May 24, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| May 31, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Jun 7, 2018 | $5.04 | Oct 14, 2017 | $5.04 |
| Jun 14, 2018 | $5.04 | Oct 19, 2017 | $5.04 |
| Jun 21, 2018 | $5.04 | Oct 19, 2017 | $5.04 |
| Jun 28, 2018 | $5.04 | Dec 5, 2017 | $2.01 |
| Dec 23, 2017 | $3.02 | ||
| Jul 5, 2018 | $5.04 | Dec 31, 2017 | $3.02 |
| Jan 3, 2018 | $2.01 | ||
| Jul 12, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Jul 19, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Jul 26, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Aug 2, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Aug 9, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Aug 16, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Aug 23, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Aug 30, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Sep 6, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Sep 13, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Sep 20, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Sep 27, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Oct 4, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Oct 11, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Oct 18, 2018 | $5.04 | Jan 3, 2018 | $5.04 |
| Oct 25, 2018 | $5.04 | Jan 3, 2018 | $3.02 |
| Jan 4, 2018 | $2.01 | ||
| Nov 1, 2018 | $5.04 | Jan 4, 2018 | $1.01 |
| Jan 6, 2018 | $4.03 | ||
| Nov 8, 2018 | $4.22 | Jan 6, 2018 | $4.22 |
BernadetteV Aug 1, 2018
Mary Jul 24, 2018
BernadetteV Oct 24, 2017
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