I would expand my barber shop into a saloon

Benjamin

Koteko, Kenya

47% repaid

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How it Works

Entrepreneur

Name

Benjamin

Member since

July 2013

On-time repayments

53 installments • 40%

About Me

I am Benjamin Idewa a resident of Koteko sub location Kocholya Location, Teso North District Busia County. I am married and blessed with two kids, and before I’ve start talking about myself, I want to pay homage to the entire Zidisha community for coming with a great idea of helping the small entrepreneurs and may the almighty always bless you. After my O level education I decided to venture into the Kinyozi (Barber) business to earn a living and to provide for my family because life wasn’t that easy. I started with only one chair and one shaving machine and slowly my business ha s expanded and really proud of myself of what I have done

My Business

I Started this Kinyozi business two three years ago i.e July 2010. When I started this business I only had one chair and one shaving machine. Slowly my business started picking up and currently am proud because I have four chairs and three different set of shaving machines. My business location gives me an added advantage over my competitors because it is strategically located, the business is located between two adjacent primary schools and currently a youth polytechnic has been set up. With the increasing demand for the Kinyozi business I have managed to progress well and in the recent times we have been experiencing a lot of power shortages in my location, hence I need this money to buy a small solar panel just in case there is a blackout I can still continue to do my work. Currently my total cost per month is Ksh 15,000 and my total revenue is Ksh 35,000 and my net profit is Ksh 15,000. Please kindly As Zidisha family I need this money to expand my business. God bless you all.

Loan Proposal

Dear Lenders
I would wish to expand my current business which I did start with the money I did borrow from you.I'll expand it into a full beauty shop where buy I'll buy saloon equipments like blow dry $42,hair chemicals and oil $18,chairs $34.8 and towels $5.I believe THE BIGGER THE BUSINESS THE HIGHER THE INCOME,with such a big business in one place I believe I'll be able to repay the loan in time since 2 businesses will be paying one rent