Entrepreneur
Name
Mohamed
Member since
January 2013
On-time repayments
17 installments • 6%
About Me
Am a hard working youth living in mtwapa area, My name is mohamed masha shaban and a businessman in mtwapa as well. Am a primary school lever having done my primary school examination in 2001 here in mtomondoni primary school. after school i never had the chance of going to a secondary school because my parents did not have enough money to take me to a secondary school. So after my primary school i started the hustle of life. i started with small jobs in the streets eventually i got a friend who welcomed me to his barber shop. At this barber shop i learned how to shave hair and learned different designs. Its an interesting job and after i learned all the skills i decided to start my own barber shop. This has been a good alternative to my previous jobs which were of a low payment. I thank this friend of mine as he really helped me acquire a better thing in life. This is a good business and with a low expense. In this business i get an income of ksh 20,000 per month. With this amount i use ksh 2,000 paying house rent, ksh 5,000 buying food for the whole family,ksh 4,000 paying for my sblings school fees as am the elder son, and who earns income.
My Business
Business in mtwapa is quite good depending on what you do. My business is a barber shop i do this business here in mtwapa.This business is good because its situated near mtomodoni primary school, here the business is doing well because of the school children who are our regular customers. This business is profitable and i earn an income of ksh 20,000 per month. risks in this business include, power failure. this sometimes effects the income of the business. With this income i use ksh 2,000 to pay my house rent, ksh 3,000 paying rent at the barber shop and power bill, ksh 5,000 is used for food for the family and other family needs. So i save ksh 10,000 per moth which i can use to pay my zidisha loan.
Loan Proposal
Hello am so thankful to zidisha for activating my profile. Am so happy that my business will now have the boost i needed most. This is a great opportunity that i now have. With this loan i will buy a shaving machine that will help me in improving my business because i will be able to serve more customers and this will make me repay my loan before the date agreed. Thank you once again.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 5, 2013
Repayment status
Late
Projected term
17 months
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