New shaving machines for barbershop

Valentine

Kawangware, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Valentine

Member since

January 2015

On-time repayments

35 installments • 49%

About Me

Am Valentine Ochieng born in 1992 and the third born in a family of five children. I went in Nasira AC Primary School and joined to class one in the year 2000 and later on did my KCPE in 2009 and managed to get 251 out of 500 marks.
In year 2010, I joined Nambale polytechnic and I did Mechanical Engineering for only one year, I didn't manage to finish my course due to fee problem.
Later on I came to Nairobi in 2011 and joined Pinkerton Security Company for a period of one year.
I saved little money and started small business which is Babar shop where I offer shaving, phone charging and cloth ironing as the main services.

My Business

I operate a Babar shop where shaving, phone charging and cloth ironing being the services i offer. The shop earns me a leaving, as the only thing I do for a leaving? am always concern about it.
The shop is able to pay rent, earn me my basic things, and also able to pay school fees for little siblings.
Though there are some challenges I face in the shop. first of all the electricity the business consumes ranges from $18 per month. House rent is $37 a month and the business is so competitive in the region
I do always overcome all this challenges by offering good services to my customers which makes them so happy, when they go they come back with there friends.
and because my shaving machines have lasted for long, I really need to buy new ones, Iron box and new phone chargers of all different phone types.

Loan Proposal

With this loan, am after buying four New shaving machines to replace my old ones which have worn out. One machine costs $34 and four of them will cost $136.
With this loan, I will be able to satisfy my customers need, desire and comfort.
Though I will having a deficit of $88, but this loan will help me to build my business by upgrading my business with new machines.
Am also planning to buy anew Iron box for Ironing for this is what upgrades my income in a day, I do Iron clothes also for my customers, washing them, which is chargeable and also phone charging.