Equiping my second branch with solar and blow drier
Penina
Webuye, Kenya
5% repaid
Entrepreneur
Name
Penina
Member since
September 2015
On-time repayments
33 installments • 58%
About Me
I am the third born in our family single mother of one child. I went to shibuye primary school and shibuye secondary school and Ashley college for hair dressing and beauty diploma.
I had a child to take of and did not have start up capital for a business,I worked as saloon assistant for six months and raised $250 that I used to buy basic equipment to start off of my business.
Our culture is diverse and men have to go through a rite of passage which is circumcision so that the community can recognize them as men.
my child wants to be a nurse when she grows up. she loves how nurses dress and that inspires her.I am working hard to ensure she achieve her dreams.
I love swimming,dancing ,singing and making new friends.
My Business
I provide beauty and hair dressing services in my saloon. THe demand for the services is high because of high population of young girls and women in my area.
I choose the business because i loved the industry and it gives me descent living and a reason to smile for I love what I do.
my monthly costs are $200 for water ,rent,and electricity .my monthly revenues are average $400.
I use my profits to pay fees for my child and nephew,and support my parents as well reinvest back in the business.
Loan Proposal
Dear sir /madam
I am glad to say that I am doing very well and my business operation costs drastically dropped courtesy of the solar that I acquired with the first loan, and the efficiency and service quality too have improved due to the original blow drier I acquired with my second loan.
I am now kindly requesting you to help me execute my expansion plan by helping me raise a loan of $700 that I would use to equip my newly opened salon. I would use $400 to buy a bigger solar that would provide energy for running the saloon and would use $200 to buy a blow drier and $100 to clear rent arrears for the new room. I expect the saloon to double my earnings. Thank you very much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$681.00
Date disbursed
Feb 23, 2016
Repayment status
Late
Projected term
60 months
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