Chair and shaving machine for barbershop

Milton

Lwanda, Kenya

7% repaid

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How it Works

Entrepreneur

Name

Milton

Member since

February 2016

On-time repayments

227 installments • 13%

About Me

I went to Ganjala primary school where I sat for my primary education and passed well to join the sigalame secondary school. I then went to sangalo institute and trained business administrator.
I tried looking for a white collar job but I did not get any.After two years of joblessness I decided to join my friend who was running a barber shop,he thought me the job and after saving for a year I opened up my own barber shop. The business is doing well and I am no longer interested in white collar job but expanding my business.
Our land in lwanda is hilly and not arable and there for most residents depend in quarry for mining ballast a source of living.The costs of food is high and there for majority of residents are poor.
I love basket ball and football. I play basketball and watch soccer during my free time.

My Business

I am a professional barber and provide nice hair cuts and facial scrubbing to my customers,as well as making dreadlocks and maintaining dreadlocks.
The demand for these services are always in demand because most residents always want to keep short hair and look smart.
I choose these business because of good profit margins and high returns it had.
My monthly typical costs are $100 per month and my monthly revenues are $280 per month.
I use the profits from the business to expand my business ,pay fees for my siblings and take care of my parents.

Loan Proposal

the number of my customers have really grown and at times I am forced to turn away some clients.I have decided to expand my business by acquiring new chair and shving machine and employing someone to help me.These will double my profits and help me grow my business faster.Please support me.