Electric hair drier loan

Ann

Akim Oda, Ghana

100% repaid

Entrepreneur

Name

Ann

Member since

October 2016

On-time repayments

37 installments  •  73%

About Me

My name is Ann Afriyie. I am a young strong woman. I did not really have much of formal education but life have been fair in certain ways. i was raised by my mother alone since i did not have much time to spend with my dad due to his early demise. so me and my brothers and my little sister did have a lot of hard time growing up with mom alone.
I was able to complete my junior high school successfully and i decided i was not going to further it for reasons of financial constraints.
So i took up apprenticeship as a hair dresser and later graduated. it has been good since with business as a hair dresser and all that. so i opened my shop and started working which has proven to be great too. I am therefore so determined to do my best, to expand my hairdressing business and contribute to the development of my community.

My Business

I own a very small Salon or Hairdressing business in Akim Oda which is where i have been staying and doing my business till date. I have been in this business for a long time and every other thing have been very great.
The cost for training was low when i went for the training and then also i could work well and i could afford the tools. then also there was the need for such service in my community and that is why i started this business. Most of the actual cost in this business comes from electricity and buying other things like the creams, the artificial hair, etc
With a good revenue, i am able to get a great profit which have been supporting me and my dear family all this while

Loan Proposal

The main purpose for this specific loan is to help me buy an additional Hair drier to add to the only one that i have for now. Demand for my service as a Hair dresser is increasing Daily and i have to live up to expectation.
So i will add a little savings i have made over time to it which will help me to acquire a new hair drier at a cost of not less than $200.
This will help me to increase my service and hence make more profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$129.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

54 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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