New shaving machine for barber shop
Tituswaweru22
Makupa, Kenya
80% repaid
Entrepreneur
Name
Tituswaweru22
Member since
April 2014
On-time repayments
27 installments • 52%
About Me
I am Titus Gitonga Waweru aged 22 years born and raised here in Mombasa. im the last born in a family of 4 children. I went to school at kanjai secondary school upto form four and attained a mean grade of B- bt i was a few points under the cut that was required to join public universities. because of lack fees i didn't join college.i therefore decided to ask for a soft loan from my big brother to start a kinyozi business .so that i can cater for my needs and also save money to go to college.i beleive 1 day i wil make it to university so that i can pursue my career dream.when i'm free i read novels and educational magazines.i also like swimming alot.and visiting friends and family.
My Business
my business is a barber shop.the challenges i get from the business are some i lose some clients because i dont offer some services.and also because of the queue since i have only one shaving machinei work for six days a week.i get @least 500 per day.totaling to 13000 a month.from the money i pay ksh3000 for the shop rent,ksh 2000 for the shaving creams,ksh 2000 for the electricity and water bills i also some of the money to cater for my basic needs and the rest goes to my savings.if i get the loan u will be able to buy another shaving machine hence my clients dont have to queue for a long time .i will also buy a sterilising machine.
Loan Proposal
i will use the loan to buy a new shaving machine which costs ksh 4000.this will help me because i will be convinient since i will hire somebody to help me so that my clients dont have to queue before being attended with a help i will also introduce new services like face scrapping and head massage hence more profit.
i will also buy a sterilising machine which costs so that my clients are not in the rist of getting skin infections this would attract more clients.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 28, 2014
Repayment status
Late
Projected term
6 months
Lenders
Netherlands
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