To increase my stock in the new business i have opened
Grace
Nairobi-kahawa Wedani, Kenya
2% repaid
Entrepreneur
Name
Grace
Member since
February 2015
On-time repayments
102 installments • 47%
About Me
Iam Grace Wambui i was born in 1987 in thika ,kiambu county. Am a mother to one girl aged 12 years and a beauty and a saloonist. Through the support of my parents i went to my primary education later my secondary education in the year 2007 .later after completion of my secondary education through the support of my father he game me some small funds to start selling cosmetics and the profit which i made i was able to buy some saloon equipments. Am happy because the place where i located my job is a busy place due to the surrounding school and colleges thus making my income to be favorable. my child is happy about me and she wish to be an engineer in her time when she grows up. As a hobby i like and love swimming and making food.
My Business
In by area of business ,most of the services i lender are making hair for women, and selling cosmetics . This services makes my business so popular in the area especially by ladies because most of my customers are from within the area.I admire the job so much and i decided to have that kind of business because there is no any other of the same kind and thus i have no competition for that side. having the business alone in the area , it make me to have a profit of about 188.9 US dollars per month which is capable to meet all my domestic needs and paying the rent of the house that i live and that of business.
Loan Proposal
When I get the loan together with my savings i'll use 100.1 Us dollars to create more space for more customers in need of aesthetic services. 200.5 Us dollars will be spent for the addition of beauty products like cutex hair braids and others In beauty products, 150 Us dollars will be used to increase skincare products, 150 Us dollars will be used to increase hair products like hair braids and 100Us dollars in home accessories due to their high demand. This will enable my customers to enjoy my cosmetics services and my products and also will make the profits to increase. I also expect the profits to increase by 50%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$413.00
Date disbursed
Feb 12, 2016
Repayment status
Late
Projected term
60 months
Other loans
Lenders
Jake Gibson and Beverly Picardo
San Francisco, United States
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