Beauty products for use and sale

Thomas Mwanza

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Thomas Mwanza

Member since

December 2014

On-time repayments

278 installments  •  65%

About Me

My name is Thomas Mwanza and I have a passion for making a difference in my local urban community. I believe that if every person contributes positively to the society, our world will be greatly improved in no time. In addition, I know that sacrifice is the reason for a better tomorrow. I was raised and educated up to college level in the rural areas of Eastern Kenya before relocating to the city in search of work. Since I could not secure a formal job, I opted to work in a barbershop as an assistant and saved some money with which I began my own business. Beginning the business was not easy since I had to skip meals to save some money . In the end, I was able to accumulate enough money because I was patient. In my culture there is a wise saying that: little by little fills the drum, and I completely agree with it.

My Business

My business is a barbershop where I offer the service of shaving people according to their desired styles. The reason for getting in to this business is because it was my hobby since childhood. Demand for barber services is constant and I always have customers. I am particularly good in relating with customers in addition to shaving them excellently so I have many new and return customers. The typical costs I incur in this business are related to buying shampoos, rent, electricity bill, and salary for one assistant. These costs are usually lesser than the income I get. Therefore, I will get money to repay the loan in timely manner.

Loan Proposal

I will buy stock of the beauty products that I use in the daily tasks of shaving. The price is 100 dollars for the budget o have. The products that I will buy will help me to smoothly continue serving my customers. I'm also optimistic my profit will continue rising. Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.54

Date disbursed

Sep 17, 2018

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: $4.15

Credit risk payment: $12.46

Optional expediting fee: $4.15

Lenders

A

Anonymous

United States

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