Entrepreneur
Name
Noel
Member since
January 2014
On-time repayments
209 installments • 64%
About Me
My names are Noel Owour i am 23 years of age born in a family of four me being the second born in the family of David Owour.Currently i live and work in Bumala.
I run a small beauty shop in Bumala.I am o level graduate.I started this business after completing my high school so that i may raise fund for myself further studies in future.
From my business i have been able to cater for my own daily basic needs and am proud to say have bought all that required house holds.
For now i live in my own rented house.
My Business
As have said earlier i run a small business beauty shop which i run myself.
My business is purely sole proprietor which i started from my own savings and some soft loan from my mum.
My deals with weaves,abuja rastas,perfumes,cutex,nice and lovely,venus,high pencil,leap bums,nail cleaner...........I have many ladies friends and good customers.I am also surrounded by many solons who get products from my shop.
My business is profitable because i have so many customers so i sell more.I also have so many customers because my prices are fair.
The risk my business have been facing is lack of capital.My monthly cost is averagely KES 20000,sales KES 50000 and profit around KES 15000 all per month.The loan am going to get i will invest all in the business.
Loan Proposal
Dear lenders i thank you for your support through this loan.The loan help me grow my business and during my hard time you were together with me.Now i come again to and kindly asking you to support me again.
$200 i will use to buy a new blow drier for my saloon.Currently the one am using is very old and does not give good service to my customer.
$250 i will use to buy beauty cosmetics like air oil,shampoos,soap,braids,wiggs,air jelly,air chemicals....This will help me get provide double service to my customers enable me to double my profit too.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$424.00
Date disbursed
Feb 12, 2015
Repayment status
On Time
Projected term
17 months
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