Expansion of the shop and buying more shaving machines

Francis

Siloba, Bungoma, Kenya

100% repaid

Entrepreneur

Name

Francis

Member since

May 2015

On-time repayments

178 installments  •  53%

About Me

I was born in Western province to Jackson Wafula and Elemina Wafula of Siloba village.They raised me and 3 other brothers and four sisters through sheer hard work.
We grew up walking miles,barefoot to the nearest primary school,Siritanyi primary school where i worked hard and managed to pass my national exams after eight years of primary school.I later joined St Anthonys secondary school and my parents who were racked by years of toil struggled to pay my school fees on and off until i finally did my exams.I was constantly sent away from school for lack of fees and sometimes at home they had stretched themselves to the point of lacking food at times.However i managed to pass my exams although because of lack of fees and the need to educate the others i managed to join college a few years later after high school. The experience i had growing strengthened my resolve to make it in life asi remember the single bowl of porridge we grew up sharing in the evenings under a tin lamp of kerosene.

My Business

I started a barbershop immediately after high school, and helped my parents educate my brothers and sisters from the proceeds earned.I usually give haircuts at 25 US cts and charge half of that for childrens haircuts.I also do blowdrying for womens hair but have need of my own blowdrier to do the service without hiring one from a neighbor at 1$ per client i serve.I also charge mobile phones at the back of my single room barbershop as many people here do not have electricity in their homes. In a day i usually make around 16$ in a month having paid off rent at 6$ each month.This barbershop has enabled me to buy my own plot of land in which i grow maize and beans and educate my two boys and one girl.

Loan Proposal

Given the loan with zidisha loan organization, I will purchase two more durable shaving machines which will not fail me on the way at no given time. Since the increase of more customers and their demand of having more working room, I feel to have more spacious room for them to enjoy the services rendered. The machines will cost $700 each and I need to purchase two shaving machines and to pay rent at $500.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$191.00

Date disbursed

Sep 18, 2015

Repayment status

On Time

Projected term

6 months

Lenders

F

flaguy999

Tampa, United States

R

Ronnie

STOCKHOLM, Sweden

Eugen Stamm

Zurich, Switzerland

OH

Orion H.

United States

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