Pricilla Mohamed

Mtwapa, Kenya

92% repaid

Entrepreneur

Name

Pricilla Mohamed

Member since

December 2012

On-time repayments

12 installments  •  67%

About Me

Am pricilla Mohamed a resident of mtwapa. I was born and raised in mtomondoni in mtwapa. am first in family of six people. I went to mtomondoni primary school in 1987 up to 1995 the poverty situation in my family made me not to pas sue my studies. after my primary level i wet to Mwandoni collage and did my dressmaking course. that was in 1996 to 1997, two years. after that i stayed at home for over one year. i got my soul mate and got married. I later did hair dressing at a local salon. After six months of training i was employed at the same salon. I worked for two years and after gaining enough experience, i stared my own salon. I decided to start this business after seeing how profitable it is and i like it.At my salon i provide services like facial, manicure, pedicure, setting all types of styles. we also sell beauty creams, perfumes, jeweleries, and all types cosmetics. we also sell clothes, gents and ladies wear.and also children's wear. I must confess that its a good business because i aern monthly income of ksh 45,000 per month. with this money i take care of family and also need to expand my business.

My Business

My business is a salon. I own a big salon in the heart of mtwapa.The services i provide are like facial manicure, pedicure, styling.setting.and also sell cosmetics,perfumes,and and all beauty products. we also sell clothes,gents and ladies wear and also children's wear. its a wonderful business and gives me all my needs. I get my products from dealers in Mombasa town.Am a single mother of children a boy and a girl both in school. I want the best to my children in terms of education and for this reason i took my children to a private school. my business has risks like the ever changing prices,this effects the business because at such times we loose customers. In a good month i get an income of ksh 45,000 which i use ksh 10,000 to pay for my children's school fees ksh 2,500 is used to pay my house rent, i use ksh 4,000 paying my salon's rent ksh 5,000 goes to food and also pay ksh 12,000 to my assistant who does a good job helping me out at the salon. I save ks 10,500 per month. with this amount i can pay my loan effectively.I wish to expand my business and that's why am applying for this loan.

Loan Proposal

thank you for approving my loan. with this loan i will use it so wisely by adding a second drier into my saloon so that i can accommodate more clients at the same time into my saloon. i will also use some of this loan to buy ore stock of saloon products so that they i can have them accessible to and to my clients and by doing this it will increase my daily income into my saloon business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$473.85

Date disbursed

Feb 12, 2013

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $473.85 at 8.24% annual rate over 12 months = $41.76

Service fee: $18.10

Lenders

BM

Benedicte Monroe

Sarasota// Phnom Penh, United States

AWOL

USA, United States

L

lenderfromquebec

Saint-raymond, Canada

S

Senryu91

caldogno, Italy

J

Jeb33red

Bourne end, United Kingdom

A

Austrian

Graz, Austria

zphelj

Dallas, United States

N

Ntrep2

Silver Spring, United States

I

imnot

Stafford, United Kingdom

P

Patrick5678

Beijing, China

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