Equipment to boost my barber/salon shop
Ismael
Nakuru, Kenya
$0 to go
100% funded of $174 goal
0
days left
Entrepreneur
Name
Ismael
Member since
April 2014
On-time repayments
79 installments • 19%
About Me
i am the fourth born in a family of seven i have completed my part time studies in moi university studying a bachelor's degree in education-arts.currently am teaching at hillschool eldoret as i wait for my graduation come december this during my free time, i enjoy watching football, movies and taking nature walks. i decided to open a barber shop/salon in 2011 in order to aid myself in paying school fees and at the same time retain some pocket money for myself and support my family. the income from my business pays two employees who run the shop during my absence and because this is my final year in the university, i feel the need to expand my shop and equip it further to accommodate more clients and also create jobs for many youths who need some work to get something to live on.
My Business
on a monthly basis, i make an average of 437dollars, pay a rent of 37dollars, pay my two employees 160dollars in total and an electricity bill of 25dollars. on average, i retain a profit of 120dollars. since i have hired a lady and a gent, i have the advantage of entertaining both male and female clients who come for the haircutting and hair make up services which are always readily available whether on appointments or as a walk-in. i need this loan to help me buy more equipment, shampoos,detergents, towels, aftershave and conditioners. it is my belief that it will be of great help to me as i look forward to expanding my business so as to accomodate many customers
Loan Proposal
thank you lenders for giving me another credit limit,i will use my third loan to buy 3 more chairs for my shop since i am getting an increasing number of my customers ,and that will cost me 80 dollars,i will use 30 dollars to buy shampoo and after shaves.i also want to look for a new place due to the number of customers am recieving since i want to be able to accomondate all of them and therefore i will use the remaining amount to find a spacious shop.i do hope that my dear lenders will be willi9ng to support me so that i attain my set target,thank you in advance for the support that you will give me.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$174.00
Date disbursed
Oct 31, 2014
Repayment status
Late
Projected term
14 months
Other loans
Lenders
Shanghai, China
Ask Ismael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.