Entrepreneur
Name
Herma
Member since
September 2013
On-time repayments
89 installments • 71%
About Me
My name is Herma Keter. I was born in Trans Nzoia District in Cherengany. I am a 25 year old lady. I stay in Mombasa at Leisure near Bombolulu. I am a Christian. I am the third born in a family of 6. I work as a travel agent in Mombasa and also run small businesses. I am a holder of a Diploma in Tourism Management from Narok University College. I started my business to earn a living and also as an option B in life incase my employment is terminated. The earnings I get from my business go direct to stock and other personal emoluments like family related as I have siblings and parents who also rely on me. My business has been of help to me and it really boosts me financially.
My Business
The name of my business is Herma Beauty and Boutique. The location of the business is in Mombas. I deal with beauty products such as shampoo, Clothing, hair, make – up, salon. There is demand for these products especially ladies are my main clients and as you know a lady can’t go without making her hair or use of new clothes in the market. My clients prefer my business because I normally have pocket friendly prices and I charge them fairly an added advantage is that I have staff who are professionals. The risks and challenges are licenses but once you have the licenses to operate business a business that you are good to go.
My monthly earnings are 52000
Rent + staff salary + electricity + stock = 42000 so my total profit per month is 10,000/=
Loan Proposal
The loan will be used to purchase stock that is clothes at my boutique. I am confident that the loan will increase my sale drive at the shop. The higher the sale the more profits i will be bound to make hence my life will change economically.
The stock will cost me about 50 Dollars and with that i am sure of making a profit of about double that amount. Which will enable me run my business swiftly without any difficulty.
Lastly i plead with lenders to lend me this amount and do promise to make payments in time without delinquency.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Sep 18, 2014
Repayment status
On Time
Projected term
5 months
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