Barbershop business

Maxwell

Thika, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Maxwell

Member since

January 2017

On-time repayments

62 installments • 39%

About Me

Hello dear reader, my full name is maxwell Kamau macharia aged 30 , was born in Thika kiandutu Kenya , a low income slum setting at the outskirts of Thika town. Went to a public primary school called kamenu primary school where I qualified to join a secondary school in the year 2001, ( Giachuki secondary school) . completed in the year 2005. Got a pass of C+ , lacked finances to join a college therefore engaged in small businesses up to now where I operate an electrical shop and barber shop.

My Business

I established a small barber shop in the year 2015 in Runda , a small growing town with a capital of kshs 20,000 which I had saved over time.
Budget : Wahl barber machine - 7000/=
Chair - 5000
Mirror-1000
Rent - 5000
Accesories- 2000
With the initial amount I have been able to plough back profits in the business and in the year 2016 , was able to purchase a computer and a printer to offer computer services to the locality. It cost me 25,000/= ( 250 dollars) .
Due to growing demand by customers I wished to expand my business and in one corner of the room establish an electronic shop selling simple electronic appliances like bulbs, sockets, wires, etcetera which will cost a budget of kshs 90,000 ( 900 dollars) .
The business has a potential to earn up to 30,000 kshs a month therefore will be able to repay the loan in few months time.
My biggest challenge is to raise the kshs 90,000/= I will be more than glad to get assistance. Thank you

Loan Proposal

Intend to buy a modern machine for balding purposes, will use the amount issued or have applied for to purchase the machine. Thank zidisha for the effort they have made to ensure I succeed . really hope to grow my loan to the next level and will grow together with zidisha . thank you to all donors .