Loan to buy a new shaving machine

Mogire

Nandihills, Kenya

4% repaid

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How it Works

Entrepreneur

Name

Mogire

Member since

March 2017

On-time repayments

33 installments • 70%

About Me

I was brought up in a rough neighborhood where I struggled to go through school but in the long run I managed to finish elementary education. Am a father of three children who I support fully and support there education through my hard work. I do farming in my own farm. I finished school upto O levels.
I managed to raise funds from my farm to start a barber Shop commonly known as Kinyozi where I shave locals in my neighborhood.

My Business

I usually get earnings from tea farming and a kinyozi I own at the shopping centre. My kinyozi earns me 200USD per month. I have employed one barber who assists me in the shop. This Barber Shop I managed to start it with savings from my farm earnings mainly tea that we earn bonuses at the end of the year.
I manage to take care of my family from this side hustle. My main expenses are the business house rent and power bills.
I intend to expand this business to engage axtra two assistants that help in the shop with the more customers am getting.

Loan Proposal

I am requesting for funds to replace the current shaving machine. The machine will cost me USD 58. With a new shaving machine I will give my customers good service thus retain them.
This will improve my earnings immensely. I will be able to pay my bills in time and provide for my family.