Entrepreneur
Name
Racheal
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$332.00
Date disbursed
Dec 18, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Republic of Korea
Duisburg, Germany
Germany
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