Entrepreneur
Name
Emmanuel
Member since
April 2013
On-time repayments
81 installments • 14%
About Me
I live in Nakuru, Free area estate. I started my business back in 2009 and the reason why I started the business is because I needed some extra income and my wife has a passion for hair dressing so I went to Equity Bank and applied for a loan that enabled me started a salon that deals with plaiting, Blow drying, dyeing and weaving.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.
My Business
I operate a saloon business, located at Baraka estate Lanet. From Nakuru Town you board Umoja two Baraka matatus and alight at Baraka the salon is located at the stage. The name of the salon is creative salon. I started this business because of the high demand that is created by high population which is made of young women and girls. I offer; blow-drying, weaving, plaiting, our customers have been demanding manicure, pedicure. Facial therapy, hair treatment and braids but I have been unable to provide the service due to inadequate additional capital. My customers prefer by business other than my competitors due to the high quality of services and expertise which my competitors don’t offer. This has enabled me to maintain high number of customers. Its my great desire to expand my business to meet the demands of my customers once I get the additional capital. I have been operating the business for four years and I have been able to acquire a small plot of land from the revenue I have been getting.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.
Loan Proposal
I will use my second loan as an additional capital to expand my business by buying one more drier, different types of Human hair that are currently on fashion. And also some ladies products like earrings, bracelets etc. I would also wish to my ever increasing number of customers a conducive environment, I will achieve this by replacing my floor which is not in a good state with a new one and paint the walls.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Nov 26, 2013
Repayment status
On Time
Projected term
66 months
Other loans
Lenders
Bridgton, United States
San Jose, United States
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Summary
Amount repaid
$287.79
Amount remaining
$0.00
Date repaid
Nov 11, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 19, 2014 | $11.71 | Feb 9, 2014 | $11.71 |
| Feb 19, 2014 | $11.71 | Feb 9, 2014 | $0.19 |
| Feb 28, 2014 | $8.93 | ||
| Mar 1, 2014 | $2.60 | ||
| Mar 20, 2014 | $11.71 | Mar 1, 2014 | $0.38 |
| Apr 18, 2014 | $11.33 | ||
| Apr 20, 2014 | $1.75 | Apr 18, 2014 | $1.75 |
| May 20, 2014 | $3.57 | Apr 18, 2014 | $0.01 |
| Jul 14, 2014 | $3.56 | ||
| Jun 20, 2014 | $0.00 | ||
| Jul 20, 2014 | $4.17 | Jul 14, 2014 | $0.01 |
| Aug 13, 2014 | $4.15 | ||
| Aug 20, 2014 | $4.17 | Aug 13, 2014 | $0.61 |
| Aug 27, 2014 | $1.79 | ||
| Sep 20, 2014 | $1.77 | ||
| Sep 20, 2014 | $4.17 | Sep 20, 2014 | $1.08 |
| Dec 3, 2014 | $3.08 | ||
| Oct 20, 2014 | $4.17 | Dec 3, 2014 | $4.17 |
| Nov 19, 2014 | $4.17 | Dec 3, 2014 | $4.17 |
| Dec 19, 2014 | $4.17 | Dec 3, 2014 | $0.49 |
| Apr 22, 2015 | $3.68 | ||
| Jan 19, 2015 | $4.17 | Apr 22, 2015 | $4.17 |
| Feb 19, 2015 | $4.17 | Apr 22, 2015 | $4.06 |
| Nov 5, 2018 | $0.11 | ||
| Mar 20, 2015 | $4.17 | Nov 5, 2018 | $2.87 |
| Nov 11, 2018 | $1.30 | ||
| Apr 20, 2015 | $4.17 | Nov 11, 2018 | $1.68 |
| Nov 25, 2018 | $2.49 | ||
| May 20, 2015 | $4.17 | Nov 25, 2018 | $4.17 |
| Jun 20, 2015 | $4.17 | Nov 25, 2018 | $4.17 |
| Jul 20, 2015 | $4.17 | Nov 25, 2018 | $4.17 |
| Aug 20, 2015 | $4.17 | Nov 25, 2018 | $4.17 |
| Sep 20, 2015 | $4.17 | Nov 25, 2018 | $4.17 |
| Oct 20, 2015 | $4.17 | Nov 25, 2018 | $0.49 |
| Dec 22, 2018 | $3.68 | ||
| Nov 19, 2015 | $4.17 | Dec 22, 2018 | $2.27 |
| Jan 2, 2019 | $1.19 | ||
| Jan 13, 2019 | $0.70 | ||
| Dec 19, 2015 | $4.17 | Jan 13, 2019 | $4.06 |
| Jan 25, 2019 | $0.11 | ||
| Jan 19, 2016 | $4.17 | Jan 25, 2019 | $2.27 |
| Feb 1, 2019 | $1.89 | ||
| Feb 19, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Mar 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Apr 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| May 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Jun 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Jul 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Aug 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Sep 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Oct 20, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Nov 19, 2016 | $4.17 | Feb 1, 2019 | $4.17 |
| Dec 19, 2016 | $4.17 | Feb 1, 2019 | $4.06 |
| Mar 1, 2019 | $0.11 | ||
| Jan 19, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Feb 19, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Mar 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Apr 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| May 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Jun 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Jul 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Aug 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Sep 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Oct 20, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Nov 19, 2017 | $4.17 | Mar 1, 2019 | $4.17 |
| Dec 19, 2017 | $4.17 | Mar 1, 2019 | $1.68 |
| May 4, 2019 | $2.49 | ||
| Jan 19, 2018 | $4.17 | May 4, 2019 | $4.17 |
| Feb 19, 2018 | $4.17 | May 4, 2019 | $1.68 |
| Jun 1, 2019 | $2.49 | ||
| Mar 20, 2018 | $4.17 | Jun 1, 2019 | $2.27 |
| Jul 3, 2019 | $1.89 | ||
| Apr 20, 2018 | $4.17 | Jul 3, 2019 | $2.27 |
| Jul 23, 2019 | $1.89 | ||
| May 20, 2018 | $4.17 | Jul 23, 2019 | $2.27 |
| Nov 11, 2019 | $1.89 | ||
| Jun 20, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Jul 20, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Aug 20, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Sep 20, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Oct 20, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Nov 19, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Dec 19, 2018 | $4.17 | Nov 11, 2019 | $4.17 |
| Jan 19, 2019 | $4.17 | Nov 11, 2019 | $4.17 |
| Feb 19, 2019 | $4.17 | Nov 11, 2019 | $4.17 |
| Mar 20, 2019 | $4.17 | Nov 11, 2019 | $4.17 |
| Apr 20, 2019 | $4.17 | Nov 11, 2019 | $4.17 |
| May 20, 2019 | $4.17 | Nov 11, 2019 | $4.17 |
| Jun 20, 2019 | $1.49 | Nov 11, 2019 | $1.49 |
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