Beauty products for use and sale

Thomas

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Thomas

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 use this loan to expand on my beauty products offer that I introduced with the last loan. I am very optimistic about higher profits in the future. This is due to the fact that my business will be appealing to me the customers

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$246.00

Date disbursed

Jul 9, 2018

Repayment status

On Time

Projected term

8 weeks

Lenders

JonB

London, United Kingdom

ibc123

Seattle, United States

Jes-c

United States

R

Ralf

Germany

Paul Buchheit

Mountain View, United States

F

Florian

Netherlands

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$246.56

Amount remaining

$0.00

Date repaid

Sep 9, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 22, 2018 $30.82 Jul 26, 2018 $11.83
Aug 29, 2018 $19.00
Jul 29, 2018 $30.82 Aug 29, 2018 $30.82
Aug 5, 2018 $30.82 Aug 29, 2018 $30.82
Aug 12, 2018 $30.82 Aug 29, 2018 $30.82
Aug 19, 2018 $30.82 Aug 29, 2018 $30.82
Aug 26, 2018 $30.82 Aug 29, 2018 $30.82
Sep 2, 2018 $30.82 Aug 29, 2018 $30.82
Sep 9, 2018 $30.79 Aug 29, 2018 $3.00
Sep 9, 2018 $27.80

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