Entrepreneur
Name
Margaret
Member since
April 2014
On-time repayments
134 installments • 56%
About Me
i am the third born in a afamilty of four girls and a mother of one boy. i studied sales and marketing at the Amboseli institute of technology and hospitality and upon completion worked in a number of places before finally opening up a personal business. during my free time, i enjoy spending time with my son, watching movies and traveling. i enjoy working in my own shop since that way, am able to raise my son and at the same time get some income. my sales experience and knowledge is a great help in this business and i intend to do more if awarded the loan. i want mine to be a one stop shop for women in the area.
My Business
mine is a personal business, precisely a boutique. i stock make up, shoes, clothes and jewelery. i have been running the shop for two years now and it has been a great help especially in helping me bring up my son. i have the advantage of being the only boutique owner in the shopping center(works) due to the fact that most residents are in the military,business may not always do so good all the time. i plan to invest the loan in the business i.e buy more unique stock and hopefully operate a hair care section since i have skills in the field. monthly, i make 312dollars, pay a rent of 37dollars and get a basic profit of 112dollars. i travel to nairobi to purchase the stock since it is much cheaper and there is variety. i will use earnings from my business to repay the loan on a timely basis.
Loan Proposal
When I get this loan,it will help me improve on my boutique project in the following ways;,buying of new clothes estimated at 50 dollars,buying of new shoes extensions at the amount of 50 dollars, beauty and hair accessories at amount of 49.216 dollars. Am happy that through this loan I will be able to see some of the followings the returns the loan will create.The returns will then help expand my business by increasing the number of new clothes, shoes and beauty accessories and also employ a few people. I should be kindly supported because I can't afford single handedly to meet full financial requirements of the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
May 5, 2014
Repayment status
On Time
Projected term
32 months
Lenders
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