New machinery for my barbershop and saloon

Samson Mutisya

Nakuru, Kenya

46% repaid

Entrepreneur

Name

Samson Mutisya

Location

Nakuru, Kenya

On-time repayments

232 weekly installments  •  69%

About Me

my names are Samson Maisy Mutisya.i leave in Nakuru town at Langalanga along Kanu street.am a born again christian married to one wife Carolyne Mutisya.am an employee of prestige shuttle tours and travel currently working in Nairobi and also am a businessman in Nakuru.i attended school in nakuru day secondary then i joined Kenya Institute of Management and attained a higher diploma in Business management and procurement .i started a small business because i have a passion in management and i wanted to manage my own business .currently am using my earning from the business to expand it by stocking.

My Business

I sale beauty products like creams ,lotions ,Hairs and also offer services like barbers,women hair pleating.Beauty products are always in demand. they don't loose value but the demand keeps on increasing.I chose this kind of business after doing a research on the demand and supply of the goods and services.The cost of setting the business is determined by two factors.fixed cost and operation cost.
The business requires a fixed cost of USSD 5000 and operation cost ofUSSD 10000.
Any time you start a business you intend it to grow therefore any profit generated is used for capital incremental

Loan Proposal

Am planning to buy more shaving machines for my barbershop which will cost at around 160 USD,Treatment and detergents for my saloon which will cost around 200 USD,Am also planning to invest in modern equipment's for example i have realized that there are thing like internet provision in the business which tracts more customers and also increases competitive edge.this will cost around310 USD, this will enable me to gain more customers and increase my revenue collection.Am projecting an increase of aroud 300USD per month.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$911.98

Date disbursed

Jan 10, 2016

Repayment status

Late

Projected term

74 months

Cost to entrepreneur

Service fee: $45.60

Samson opted to pay $88.60 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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A

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IA

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P

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A

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D

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D

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B

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J

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M

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L

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Madrid, Spain

B

BClay

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Melbourne, Australia

M

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N

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jimmycarterforever

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D

DThirteen

Miami, United States

P

Patrick5678

Beijing, China

dhulsterwim

LIER, Belgium

Y

Yevrahs

Dallas, Texas, United States

rfriedenberg

New Jersey, United States

E

erogers

Vancouver, Canada

Bruno

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K

Klemens

M, Germany

Eduard

Dnepr, Ukraine

M

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D

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H

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PH

Phil H

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Guillaume Schaack

Luxembourg, Luxembourg

Peter R

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Arne Bachmann

Hamburg, Germany

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Zurich, Switzerland

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Doug

Baltimore, United States

Gab

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B

Bruce

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AA

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Robert

Sweden

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Scott Kregel

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J

Jane

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MW

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WH

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W

Wade

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Thomas

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JD

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Dominik Wagner

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DN

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jtreyes

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michael breen

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E

erica

antwerpen, Belgium

ME

Mike Engsberg

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S

SMerchant

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Max Lettenberger

Madison, WI, United States

Julia

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HS

Harry Shulman

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J

Julie

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FK

Faraz Khan

United States

M

Marc

Newcastle upon Tyne, United Kingdom

KD

Kent Don

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TB

Taylor Brown

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Erica Brescia

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Sandi Kaucic

Stow, Ohio, United States

Mouhamed

United States

Paul

Seattle, United States

ME

Manaal Eisa

Washington DC, United States

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Rors

United States

RM

Robert Mulley

United States

Caroline Cress

Seattle, WA, United States

BB

Ben Bellows

United States

Justus

Switzerland

KD

Katharina dK

United States

DC

Dan Crosby

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JF

Jason Foti

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KR

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M

Mart

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JW

John Walsh

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LC

Lauren Clarke

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Christopher Hey

Sudbury, Canada

T

Tom

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stevensau

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FJ

Flo Jo

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V

Vidar

Oslo, Norway

R

Richard

Netherlands

LT

Leslie Tymko

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KT

Kate Turner

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WG

Waqar Ghani

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HPK

Switzerland, Switzerland

E

Elle

New York, United States

Guatemala

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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