Upgrade my beauty salon

Racheal Njeri

Elburgon, Kenya

100% repaid

Entrepreneur

Name

Racheal Njeri

Member since

November 2014

On-time repayments

292 installments  •  12%

About Me

I am Racheal Njeri born in and raised in Njoro Nakuru county.I am a fourth form graduate and a short course in hair dressing and beauty.My childhood life was not that easy because i did not see my parents,my mother died when i was two years but i do not know my father because he abandon my mother when i was still in the womb.I was raised by my grandmother,and after high school she couldn't afford my college fee so i started my first job as a house help.After sometime i manage to save small amount of which i used to pay for my short course in air dressing and beauty.From there i started working in several salon to gain experience before i managed to start my own.
In my life i love vising orphans children because they remind me about my life in the past and i hope one day to open my own orphanage to help needy children to achieve their dreams and feel the love they miss from their parents.

My Business

I am a hair dressing and beauty therapist.I make good hair,manicure,pedicure,nail art,blow dry,plaiting and air treatment.I have so many customers especially from my neighborhood because my service is good and relatively affordable as compared to my competitors.
My business costs are as follows:-I pay rent $35 per month for my business premises,$125 i pay wages per month and $200 is the business running cost.My profit ranges from $100 to $250 a month depending on season.
The profit i get i support myself,my old grandmother,reinvest in my business and some little amount i save as i plan for more and different business venture in future.

Loan Proposal

Dear lenders am very thankful for your previous loan it realy help to earn profit as you know currently the business is at it's pick till next year.Now come again and request you to lend me again and this is my proposed burget with the loan..

$200 i will use to buy a new blow dry machine so as my work can me improved to serve more customers because the one am using now is too old and sometimes fail to work.This will allow me to get more profit as blow dry is done almost to every customer.

$100 i will use in buying makeups such as air food,braids,wigg,air oil,shampoo.This will enable me to double profit as customers will find all they require under one roof.

$50 i will pay for business premisses rent and electricity bill so that i wont be interrupted through out my work.Thank you in advance

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$332.60

Date disbursed

Dec 18, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $332.60 at 7.01% annual rate over 3 months = $7.81

Service fee: $4.13

Lenders

johnandmoliehi

Canton, New York, United States

J

Jessica

Patagonia, Argentina

DoctorSnuggles

Lemmer, Netherlands

Universal1

Melbourne, Australia

Namaste250

Pittsford, United States

J

JMSR18

Monterrey, Mexico

Cricketca

San Jose, United States

Richard Griebe

La Jolla, United States

TuveTheDog

Helsinki, Finland

T

thebonseung

Republic of Korea

mhooper1962

London, United Kingdom

M

msabalau

United States

Mikers

Netherlands

Pascal Coyles

Ghent, Belgium

P

Prometheus

Duisburg, Germany

Dave

Ede, Netherlands

O

ORBP1

Germany

E

Ejackson

United States

Voscke

Utrecht, Netherlands

Dave Bogard

New York, United States

Ask Racheal a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...