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
Other loans
Lenders
Taiwan
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$157.25
Amount remaining
$18.75
Expected completion
Aug 21, 2016
Status
Repaying late
Installment amount
$2.50
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 10, 2015 | $12.50 | May 10, 2015 | $12.50 |
| May 17, 2015 | $3.25 | May 18, 2015 | $3.25 |
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $2.50 | Jun 2, 2015 | $2.50 |
| Jun 7, 2015 | $2.50 | Jun 7, 2015 | $2.50 |
| Jun 14, 2015 | $2.50 | Jun 20, 2015 | $2.50 |
| Jun 21, 2015 | $2.50 | Jun 20, 2015 | $2.50 |
| Jun 28, 2015 | $2.50 | Jun 30, 2015 | $2.50 |
| Jul 5, 2015 | $2.50 | Jul 5, 2015 | $2.50 |
| Jul 12, 2015 | $2.50 | Jul 12, 2015 | $2.50 |
| Jul 19, 2015 | $2.50 | Jul 12, 2015 | $0.25 |
| Jul 19, 2015 | $2.25 | ||
| Jul 26, 2015 | $2.50 | Jul 19, 2015 | $0.25 |
| Jul 28, 2015 | $2.25 | ||
| Aug 2, 2015 | $2.50 | Jul 28, 2015 | $0.25 |
| Aug 2, 2015 | $2.25 | ||
| Aug 9, 2015 | $2.50 | Aug 2, 2015 | $0.25 |
| Aug 8, 2015 | $2.25 | ||
| Aug 16, 2015 | $2.50 | Aug 8, 2015 | $0.25 |
| Aug 18, 2015 | $2.25 | ||
| Aug 23, 2015 | $2.50 | Aug 18, 2015 | $0.25 |
| Aug 31, 2015 | $2.25 | ||
| Aug 30, 2015 | $2.50 | Aug 31, 2015 | $2.50 |
| Sep 6, 2015 | $2.50 | Aug 31, 2015 | $0.25 |
| Sep 21, 2015 | $2.25 | ||
| Sep 13, 2015 | $2.50 | Sep 21, 2015 | $2.50 |
| Sep 20, 2015 | $2.50 | Sep 21, 2015 | $2.50 |
| Sep 27, 2015 | $2.50 | Sep 21, 2015 | $0.25 |
| Oct 5, 2015 | $2.25 | ||
| Oct 4, 2015 | $2.50 | Oct 5, 2015 | $0.25 |
| Oct 12, 2015 | $2.25 | ||
| Oct 11, 2015 | $2.50 | Oct 12, 2015 | $2.50 |
| Oct 18, 2015 | $2.50 | Oct 12, 2015 | $0.25 |
| Oct 26, 2015 | $2.25 | ||
| Oct 25, 2015 | $2.50 | Oct 26, 2015 | $0.25 |
| Nov 10, 2015 | $2.25 | ||
| Nov 1, 2015 | $2.50 | Nov 10, 2015 | $0.25 |
| Nov 19, 2015 | $2.25 | ||
| Nov 8, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Nov 15, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Nov 22, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Nov 29, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Dec 6, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Dec 13, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Dec 20, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Dec 27, 2015 | $2.50 | Nov 19, 2015 | $2.50 |
| Jan 3, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Jan 10, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Jan 17, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Jan 24, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Jan 31, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Feb 7, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Feb 14, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Feb 21, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Feb 28, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Mar 6, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Mar 13, 2016 | $2.50 | Nov 19, 2015 | $2.50 |
| Mar 20, 2016 | $2.50 | Nov 19, 2015 | $0.25 |
| Dec 30, 2015 | $2.25 | ||
| Mar 27, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| Apr 3, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| Apr 10, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| Apr 17, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| Apr 24, 2016 | $2.50 | Dec 30, 2015 | $1.50 |
| Dec 30, 2015 | $1.00 | ||
| May 1, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| May 8, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| May 15, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| May 22, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| May 29, 2016 | $2.50 | Dec 30, 2015 | $2.50 |
| Jun 5, 2016 | $2.50 | Dec 30, 2015 | $0.25 |
| Feb 1, 2016 | $1.25 | ||
| Feb 16, 2016 | $1.00 | ||
| Jun 12, 2016 | $2.50 | Feb 16, 2016 | $1.50 |
| Feb 21, 2016 | $1.00 | ||
| Jun 19, 2016 | $2.50 | Feb 21, 2016 | $2.50 |
| Jun 26, 2016 | $2.50 | Feb 21, 2016 | $1.50 |
| Jul 3, 2016 | $2.50 | ||
| Jul 10, 2016 | $2.50 | ||
| Jul 17, 2016 | $2.50 | ||
| Jul 24, 2016 | $2.50 | ||
| Jul 31, 2016 | $2.50 | ||
| Aug 7, 2016 | $2.50 | ||
| Aug 14, 2016 | $2.50 | ||
| Aug 21, 2016 | $0.25 | ||
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