Restore my business by getting rental room

Geasre

Limuru Kenya, Kenya

100% repaid

Entrepreneur

Name

Geasre

Member since

September 2015

On-time repayments

164 installments  •  65%

About Me

I am a Kenyan Woman aged 27 yrs old, originally from Nyanza Province, Nyamira County from a poor family, but I managed to completed my 0-level in the year2007.I lacked financial for my course of Hair salon and Beauty, that made me to join the nearby salon for a course, knowledge and experience was gained since my Mother had no fund to open for me my salon I had to work at that salon to get fund to open main, although it was had job due to low salary sometime go home without money because it was a commission job.Being person of passion,faith and opportunity to pasue in business to change our family from poor to rich environment.I do the job from Sunday to Friday since am a Seventh-Day Adventist Christian i go to worship my Creator who gives opportunity where is impossibility to human being, I fear God.
After a year in that business i managed to open my salon and beauty with what had probably saved although was poorly paid, at Ngarariga town at an open air near our plot where I had been for one year know. The business itself I what is to grow to maximum so that my kids can go to good school the have well managed life since at home no big land to inherity. My hobby is to read the Bible and Singing hymns which strengthen my faith to God.

My Business

I used working at my saloon then managed to open another business of selling Bananas and pumpkins which is a human need daily that can great more living than salon but still I cannot leave it although the goods are of good demand than the salon which is seasonably. That is why I choose the business of selling bananas and pumpkins the business has increased the earning cost from 65% to 100%, the profit I can use it to pay school fees for my kids then the rest can be used to increase my stock and pay my rental house. So the combination of the salon and basic goods has changed my life more than usual since that what am getting cannot make me to improve stock am coming to you for more fund to increase the new business stocks.

Loan Proposal

I will restore my business by buying materials like; pony braids ,Chemical and setting chair also have business room, apart from doing it at home compound, which will cost $170,then use the rest from what have saved that will make customers to feel comfortable when they are being done their hair dressing , it will help me to have many customers due to that my profit increases and family get daily bread so profit will raise from 20dollars to 30dollar per day. That will increase profit which will be used to pay rental room and fees for my kid in school, also have probability of maintaining customers.I will pay the loan in time then come for another one. Lenders I will be so happy if you consider my request. Thanks in advance.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Oct 20, 2015

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$156.74

Amount remaining

$0.00

Date repaid

Feb 21, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 1, 2015 $7.00 Nov 1, 2015 $7.00
Nov 8, 2015 $7.00 Nov 8, 2015 $7.00
Nov 15, 2015 $7.00 Nov 15, 2015 $7.00
Nov 22, 2015 $7.00 Nov 27, 2015 $7.00
Nov 29, 2015 $0.00
Dec 6, 2015 $10.00 Nov 29, 2015 $7.00
Dec 6, 2015 $3.00
Dec 13, 2015 $10.00 Dec 6, 2015 $7.00
Dec 13, 2015 $3.00
Dec 20, 2015 $10.00 Dec 13, 2015 $7.00
Dec 27, 2015 $3.00
Dec 27, 2015 $10.00 Dec 27, 2015 $10.00
Jan 3, 2016 $10.00 Dec 27, 2015 $7.00
Jan 3, 2016 $3.00
Jan 10, 2016 $10.00 Jan 3, 2016 $7.00
Jan 11, 2016 $3.00
Jan 17, 2016 $10.00 Jan 11, 2016 $7.00
Jan 19, 2016 $3.00
Jan 24, 2016 $10.00 Jan 25, 2016 $10.00
Jan 31, 2016 $10.00 Feb 1, 2016 $10.00
Feb 7, 2016 $10.00 Feb 7, 2016 $10.00
Feb 14, 2016 $10.00 Feb 15, 2016 $10.00
Feb 21, 2016 $18.74 Feb 21, 2016 $18.74

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