Add equipments to my barber shop

Antony

Lumakanda, Kenya

95% repaid

Entrepreneur

Name

Antony

Member since

July 2015

On-time repayments

148 installments  •  46%

About Me

I was born in Lumakanda village of Lugari Sub-county,Kakamega Counthy 26 years ago. I grew up with a bigger vision,a bigger mind, a dream to become a doctor.But what happened to the greater dream?
I started my primary school and eventually completed class eight with certificate of Kenya primary school Education (KCPE).
In 2006 I joined a local secondary school where I began to explore all that could make me realized my dream. I n 2009, I completed my secondary education and passed with credit of B but could not join university to pursue medicine due to financial constrains,since this couldn't be the end of life I decided to become a casual worker despite its low wage and at the same time being rare to find.
I did this work for three years and at the end I had saved some good amount of cash, that I decided to venture into service business where IN opened up a barber shop, where I now cut,shave and trim young and old people hair and make them look smart.

My Business

As mentioned from my profile, I currently operate a barber shop where I cut, shave and trim all hair styles.Currently the generation that surrounds the environment where I stay are students and also the working class who at all times need to be smart and presentable.This makes it worthwhile to offer quality service to them.
My current business is worth 10,000KES. I ventured into the business after saving some money from the casual jobs I was engaging in.So far I have made a profit of 500KES, I anticipate that these will grow up to at least 1000KES profit.
I intend to use these profit to save for my family and also for the university fees which am expected to start paying when I join business class later this year.

Loan Proposal

Dear lenders as underscored above I have some saving from previous casual jobs that I used to start and revamp the current barber shop business.
I therefore need to add the clippers, and trimmers, Hair dryer and after shave lotion.As for now I only have one clipper and trimmer which at times it usually makes me suffer a loss of about 1000KES a day.
Therefore,all the monies raised here I will add to the savings that I have so that I can add a comprehensive equipment to my barber shop that can go a long way in earning me huge profits.
From what I am anticipating, I can get profit of up to 2000KES on daily basis.
In a nutshell,all the 100Dollars that I will raise here will all go towards adding equipment to my barber shop.
Kindly help me achieve it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.00

Date disbursed

Sep 1, 2016

Repayment status

On Time

Projected term

8 weeks

Lenders

PG

Paul Graham

United States

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