Loan to buy sterilizers for my barbering business

Prince Haruna

Bandah Nkwantah., Ghana

89% repaid

Entrepreneur

Name

Prince Haruna

Member since

February 2015

On-time repayments

94 installments  •  69%

About Me

I am Prince David Haruna, and a junior high school graduate. i have three siblings, all female. so i am the only male among the children of my parents.
Been the only male, i was trained to be a man very early in life. Then the most important virtue i was taught by my dad is hard work which has helped me very well over the years since in my barbering business if you don't like working hard and been innovative with the styles of the day, you will soon be thrown out of business because new styles come everyday.
Right after junior high school, i could really barber so i decided to do that instead since my parents were not financially sound. so i began working and i used the profits to help my parents to educate my sisters.
Today, when ever i visit them, i feel so proud of that decision i took since they are all high school graduates now. two will be going to college in September and for that matter i am working so hard so that i will be able to support them through my parents when the time comes.....

My Business

I am a barber and i am into barbering. i barber both grown ups and children. and i also do styles for ladies. in my community, i am the first barber whose name comes into peoples mind due to the good cut i give people.
i choose this kind of business because i loved to barber even at an early age for free and as i completted junior high school i realized that the barbering shops were not many in my locality and that these barbers could not barber well too. then the profit margin is amazing so i decided to set up my shop and i have been into it for more than five years now.on average, i make about $18 in a day and after taking all expenses out, i have on average $12 as profit a day.
i then save 50% , i live on 20% and i give 30% to my parents and siblings.

Loan Proposal

I am professional Barber, when my loan is fully funded, these are the things that i will buy with the entire amount.
i will buy two sterilizers. One cost $49 so the two will add up to some $98, then i will buy a packet of scisssors which is twelve inside a packet and it also cost $22 , i will also buy one big box of Blade for barbering at the cost of $30 and then i will use the rest to buy different kinds of hair creams for my shop.
the impact of these things will go a long way to help my business grow more since it is already booming with the hiring of the second barber as a results of the first loan, but the greatest impact is that the sterilizers will help so that diseases are not transmitted to others as the machines will be sterilized right after using it to barber every one person.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$179.00

Date disbursed

Apr 29, 2015

Repayment status

Late

Projected term

15 months

Lenders

Vanamo

Helsinki, Finland

T

Tui1974

nuenen, Netherlands

mepster

San Francisco, Ca, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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