Boost and expand my business

Justus

Kaptembwa, Kenya

2% repaid

Entrepreneur

Name

Justus

Member since

September 2013

On-time repayments

68 installments  •  24%

About Me

My names are JUSTUS MASONGO, am a business man ,I have a small shop ,this is where I use to get my daily bread. I have worked for two years now since I opened the shop,currently I was having the problem with my family, because I was not able to provide for there needs. but after I met a friend of mine who came and advise me on how to start my own business and be able to manage it myself without wondering whether i may fail or not. actually I took his advise and mediately I started prospering with it till know. Write know I have managed myself, but not to the fullest of my expectation, thats why I need to lend u something so that I can be able to expand my business. please kindly accept my request so that I can be able to expand my business. I have been going to this non governmental seminors where we have been taught on how we can be able to budget and save money without going to different places for assistance. Thank you.

My Business

My main source of income comes from grocery shop and barber shop. I earn a total monthly gross income of 20000 Kenya shillings from my barber shop, having employed someone to watch over my barber shop and ensure that everything is running smoothly when am not around and my employee takes homes a monthly salary of 6000 Kenya shillings, my barber shop also incur other running monthly expenses such as license, electricity, water and rent with amount to 4000 KSH.I also earn a total monthly gross income of 15000 Kenya shillings from my grocery shop, it also incur some other running monthly expenses ,i.e. electricity, license, rent, water which amounts to 5000 Kenya shillings. After doing all the deduction am left with a total of 20000 Kenya shillings from both businesses

Loan Proposal

With this amount of Ksh 12,750 I will be able to buy another shaving machine worth ksh 6,300 add mirrors worth ksh 2,500, renew shaving style charts worth ksh 850, hair brushes worth ksh 700 ,combs worth ksh 400 ,heater for boiling water worth ksh 1,000 ointments worth ksh 1000 and expand my business ,since I have someone, I think it will be wise for me to add another one person who will assist each other. It will make it easier to deal with more customers than before. I will be much grateful to you if you people will support me so that I can be able to achieve my goals. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$149.00

Date disbursed

Jun 5, 2014

Repayment status

Late

Projected term

11 months

Other loans

Lenders

S

stroll

Stockholm, Sweden

Taata

Multia, Finland

R

Rking

Eugene, United States

Hedwich

Gorssel, Netherlands

Sarasota

Sarasota, Fl, United States

E

Escalada

Bakersfield, CA, United States

Matching Fund

Sterling, United States

E

EcommSolution

beaverton, United States

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