Expansion of my barbershop business

Leonard Musungu

Nairobi/serem, Kenya

100% repaid

Entrepreneur

Name

Leonard Musungu

Member since

October 2015

On-time repayments

152 installments  •  100%

About Me

I am Leonard Musungu Isalano, aged 45 born in 1973 at Mungavo Village, Serem Sub- location, Shamakhokho Location, Hamisi Sub-County, Vihiga County- Western Kenya. We were born 10 children and our father was jobless and due to poverty in our family, I could not aford to continue with my school and I dropped from school as a result.

Our land is too rocky of which even food is not enough for us and I was foced to go and be employed to take care of my neighbor cattle of which I managed to raise small money to buy shaving machine and began barber shop at Seremi market.

My children need to have agood education to enhance them to have a better future than mine.

I think if you support me with a loan of 453 US dollars then I will manage to expand my business with sodas and buy salon equipments. I therefore kindly request for you to lend me with the above money.

My Business

I run a barber business and sell sodas. My business began very small and is enabling me to pay school fees for my children and buy them food but just struggling. I kindly request for a loan to sustain my business. Thank you sir for your generous response. Waiting to receiving from you.

Loan Proposal

If you add me some more funds, I think to by new shaving machine two peaces @4500 Ksh =9000 KES. 10grates of sodas @650kes =6500/=KES, 10 bags of maize @2850= kes =28500/- KES and 1500/= I will pay for my children school fees. I hope God will open ways for you to help me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$453.70

Date disbursed

Aug 11, 2018

Repayment status

On Time

Projected term

15 months

Cost to entrepreneur

Service fee: $19.12

Credit risk payment: $114.70

Lenders

G

guenter

Bremen, Germany

Cloudways

Malta, Malta

A

Andy

Berlin, United States

xtrahardware

Cazenovia, United States

sderickson

Berkeley, CA, United States

Paul Buchheit

Mountain View, United States

Mike and Jacqui

United Kingdom

KL

Ket Lin

United States

A

Andrei

United States

MC

United States

Stephan W

Witten, Germany

Ed

Howells, United States

Ken

Mequon, WI, United States

M

Mark

Toulouse, France, France

HCPSPIRIT

Helsinki, Finland

Jean Wren Chan

United States

M

Margaret

United States

Emily

San Francisco, United States

R

RMIM

United States

JH

Joseph Hwang

Houston, United States

S

Sarah

Arlington, United States

J

JB

Germany

Ryan Agnew

Australia

AR

Axel Ratzer

Neuss, Germany

Mustafa Kapsigay

Nusaybin, Turkey

Adrian

Liverpool, United Kingdom

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