Increase my mpesa float and replace my shaving machines
Peter
Nairobi, Kenya
$0 to go
100% funded of $561 goal
0
days left
Entrepreneur
Name
Peter
Member since
July 2017
On-time repayments
65 installments • 71%
About Me
Am Peter Kimani, am 23 years old. I live in Nairobi and currently am single. I was born in Naivasha, where I attended both my primary and secondary education. After completing my secondary education I would not join college to further my education because I have younger siblings who also depend on my.
I moved to Nairobi where I started doing construction jobs I was able to do some savings that enabled me to buy hair cutting equipment, then I and my few friends came together and leased a shop where we share space and each of us has a maximum of 2 shaving machines.
I would to do this business and save enough money to go to college I have a passion in architecture and I would love to realize that one day.
My Business
I am a part owner of a barber shop where I do hair cutting and trimming of beads.
I and my partners agreed that each of us should have a maximum of 2 sitting place but I only managed to buy one and I would like to buy the extra chair this way I'll be able to employ someone and as we well increase my income.
It's easy to run a barber shop this way since we split the expenses three way.
In a month I make a profit of kes 10000, I am able to save a portion to my college fund and also take care of my other basic needs.
I will love if Zidisha will be me be able to expand and occupy my empty space this will help me realize the full profits I'll be able to make.
Thanks
Loan Proposal
First i would like to say a big thank you for the support, understanding and faith you have shown me and my business.
this loan am applying for will help me increase my mpesa float, replace some of the shaving machines and be able to introduce mobile accessories to sell alongside the mpesa business.
currently my mpesa float is at 200 dollars and i will increase by 300 dollars to have a total of 500 dollars, having sufficient float is very important in this business, this will ensure that i serve more client and this will definitely increase my profits.
Two of my shaving machines are worn out and i would like to replace them, with better shaving machines i will be able to give my customers great services and this will ensure i retain them which is very important in ta barber shop.
I will spend 45 dollars to replace a smoother and 65 dollars to replace a clipper.
in order to increase my income i intend to introduce mobile accessories which i will sell alongside the mpesa business, i will sell items like, earphones, chargers, memory cards, screen protectors and back covers. i will invest 150 dollars in the mobile accessories.
BREAKDOWN;
1. i will use 300 dollars to add mpesa float
2. replace shaving machines for 110 dollars
3. mobile accessories 150 dollars
Total= 560 dollars
being able to introduce the new products and adding the mpesa float will ensure my profits go up by at least 30% this will help me save more ad be able to achieve my ultimate goal, i sincerely hope you will keep supporting me in this and my future projects too. Thanks for the amazing work and may the Almighty God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$561.00
Date disbursed
Jul 26, 2018
Repayment status
Late
Projected term
4 months
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