Name
Lucy
Member since
August 2015
On-time repayments
262 installments • 48%
i am a lady aged 26 yrs and a diploma holder i information studies and also diploma holder in hairdressing and beauty, i grew up from a humble background with a lot of competition for the limited resources, which this competition it was survival for the fittest, with this encounters i develop courage to face the wall and thought of taking the risk in business to which i came out successfully. with the desire to be independent and also support my family i decided to venture into business of salon and cosmetics. my business is located at Gilgil town- Gilgil sub county in Nakuru county where i am able to attend to client from various offices in town, i do offer quality services and handle my customers well and they market my business on my behave. my hobby and interest is plaiting of hair.
my business falls under service industry as it majorly deals with service relating to beauty and hairdressing, this services are in great demand as beauty is key to every individual and each an every time there must be a client. with the knowledge in hairdressing and beauty i saw it fit to venture into the business putting in the high pressure in demand for better services which i felt that i can fully offer to the community.
the business is able to make between 30- 40 US dollar per day to which am able to cater for any other cost like payment of daily bills and wages to my staff, after all the deductions the net profit range between 10- 15 US dollar per day to which it is reinvested to the business for further expansion.
the above stated loan will be used to purchase blow driers to which it will ease my work and reduce time waste due to long queues, the cost of one drier range between 40-55 US dollars depending with the company and quality and am intending to buy two of them. with an additional blow drier my profit will increase by at least 5% to which it will be a plus to the business.
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Negative
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 3, 2016
Repayment status
On Time
Projected term
9 months
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