Barbershop and saloon
John
Meru, Kenya
$53 to go
0% funded of $53 goal
0
days left
Entrepreneur
Name
John
Member since
May 2017
On-time repayments
38 installments • 39%
About Me
I'm John mutuma 28 years old from meru county in Kenya. l was born in 1990 -1-1 in Maua meru county. In 1996 to 2006 I was in Ambaru primary school where it is located at Maua. From 2007 to 2011, I was in Akiongo secondary school where i got a good grade of C + .
After secondary education before joining college. I was helping my mother feeding cows and goat and also I had good time to growing different types of vegetables where I could sell them to the best prices during dry seasons. but during rainy season I couldn't be able to sell alot because many people were able to sell the vegetables at a lower price because they are available to all corner of the country. At the end of the year I had saved A lot of money that I used to join Jordan college of technology in the year 2013 to2015 where I completed a diploma in business management and administration.
My Business
In the year 2015 I got a job in county hotel in meru town where I worked as a manager. I worked only six months I had enough capital to start business of selling shoes.
The aim of the letter is to request a small business loan of 50 thousand to improve and upgrade my businesses. I have seen that when business is good that can be a great time to take out a loan and make things bigger because bigger is always better. my businesses is registered and approved by the county government department. I have been in a business for tow years and have shown a profit each year.
one of the reason my businesses of selling shoes is so successful its the only boutique of shoes in the area city centre. purchase new fashion of shoes daily to serve all customers in that area.
To meet my growing demand for my speciality I need to expand the room again and add a babber shop and saloon . There are several different business in the area that are also prospering because the market for Nairobi is growing. my businesses are crowded every da especially Tuesday to Saturday.
I have already invested most of my profit in the business and I require the loan to expand in order to meet my demand.
I'm 100% sure if you will approve my loan I will improve a lot and my community will be very happy because I will give them goods and sevices thy had never met before and my profit will increase from 50% to 80%.
I declare to you that I will be paying my loan as I will be requested.
if you have any question I can be reach through phone number 254727483139 or E-mail. [email protected].
Thank you for your attention to my loan application.
yours faithful JOHN MUTUMA.
Loan Proposal
The aim of this letter is to request for a business loan to improve and Upgrade my businesses. I have seen that it when the business is good that can be a great time to take out a loan and make things bigger because bigger is always better. my businesses of selling shoes are registered and approved by the Nairobi county government department. I have been in a business for two years and have shown profit each year. One of the reason my businesses of selling shoes is so successful its the only boutique in the area city centre. I purchase new fashion of shoes daily to serve all the customers in that area.
To meet my growing demand for my speciality, I need to expand the room , add barbershop and saloon. I have seen This two business have a lot income daily. If my loan application will be approved and get that Loan I will be very happy, because I will by chairs three chairs costing $300. Each will cost $100. The remaining money i will use to repair machine that used to shave.
The business will increase my profit fro50% to 90% daily. There are several other different business that are also prospering I believe that the market for Nairobi is growing because my businesses are crowded every day especially Tuesday to Saturday.
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Loan Info
Project Type
Classic Loan
Amount requested
$53.00
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