Grow the business

Samue

Wajir Township, Kenya

100% repaid

Entrepreneur

Name

Samue

Member since

May 2018

On-time repayments

4 installments  •  25%

About Me

I was born in a poor family and my parents divorced when i was at the age of 5. I a family of 9 my mother could not take me to school but when i was 8 and free primary educatoon was introduced i took myself to school and when i reached to highschool I appeald to my church members and the church agreed to take me to secondary school and i finished in 2014 where i was employed by my cousin in his shop and started saving money untill i opened my own shop.

My Business

I own a barber shop which I started back in 2017. It costed me 250000ksh to start the business but i had no enough money since i had only 120000ksh and payed the rest in installments which I have remained a balance of 40000ksh and willing to finish pay the balance bya june this year. I have employed 3 more people. I earn around 1000 to 3000 per day depending on 7how the business is. I I'm hopping that God will help me to glow my businew get money to cater for my family as well as go back to the University for further studies since my dreams is to be a Procurement personnel with a PHD. Thenk you.

Loan Proposal

I will use my loan to grow my business by adding some machines for shaving as well as adding one more chair to the job since i have 3 shaving chairs and 3 workers and me I'm the forth person and sometimes customers are more workers are enough but the machines and chairs are less. By adding this in my business it will increase my profit by 20% since one chair can give me up to 6$ per day

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

May 25, 2018

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Paul Smithson

Leeds, United Kingdom

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