Business expansion

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 use the loan to buy an extra machine for expanding my business. I have more customers due to customer satisfaction so i need to get one more machine and employ a worker

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$90.00

Date disbursed

Jan 25, 2017

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $3.71

Lenders

rebecca

Chapin SC, United States

B

BRWorthington

San Francisco, United States

J

JBosshardt

Redmond, United States

ErikN

Stockholm, Sweden

ZlataRoy

Cheltenham, United Kingdom

S

sglobal

Philadelphia, United States

T

TokyoBliss

Tokyo, Japan

T

the0bauman

Hillsboro, United States

J

JoeSolar

Virginia, United States

pentatonicscale

Niiza-shi, Japan

R

ramlax

Kalamazoo, United States

Tania

Antwerpen, Belgium

fairspirit

Utrecht, Netherlands

J

javifdezsainz

Madrid, Spain

ShaneS

Port Pirie, Australia

I

idakaren

bonlez, Belgium

N

NickLuder

London, United Kingdom

S

seikatsu

Palo Alto, CA, United States

MrCane

Montevideo, Uruguay

D

DanRussell

Brighton, United Kingdom

HealthcareProvider

Baltimore, United States

Paul Buchheit

Mountain View, United States

S

SimonAngus

South Africa

Pankratio

EastVan, Canada

P

Panda6689

United States

AKWatson3

Norwalk, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

P

patricio

Yorba Linda, Ca, United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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