New modern shaving machines

Samuel Wainaina Kagai

Rongai, Kenya

96% repaid

Entrepreneur

Name

Samuel Wainaina Kagai

Member since

October 2012

On-time repayments

95 installments  •  96%

About Me

I was born in 1983 in Nakuru County Rongai district. I started my primary education at Kanga primary school where all pupils and teachers loved me because i was very kind to every one and obedience. My parents could not take me to secondary school although my vision was in education but i didn't make it. I was told to give room to the others who were behind me and i obeyed so I managed to reach class eight and stopped there. I was confused because i was still young but I was taken to a barber kiosk to be taught how to shave. I managed to learn how to shave all styles as far as the shaving is concern.
I am married to a very beutiful and a hand working Lady and we are blessed with a baby girl.

My Business

My life in the training was not easy but i manage to complete after six months. By the time of completing, I started to be loving business.After the training I was employed for two years after which I decided to tart my own business which I am doing up to now. My business is located in Rongai town and I do have plenty of customers and mostly the young generation. I do shave all style as far as the shaving is concern. What I get from the business helps me to pay the house rent, pay electricity servicing my machines, pay me salary and the remaining amount I do save

Loan Proposal

After getting this loan I will be able to buy three new modern shaving machines which will cost 352 dollars. The other amount I will buy a new adjustable chair which will fit to all heights, the chair will cost 180 dollars. The remaining amount of 209 dollars I will be able to rent and renovate a new room since I want to expand my business by opening a new branch. This business is doing well since I have given some shaving tenders to the neighboring schools and I am very grateful.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$709.07

Date disbursed

Jan 9, 2015

Repayment status

Late

Projected term

19 months

Cost to entrepreneur

Lender interest: $709.07 at 4.90% annual rate over 19 months = $56.32

Service fee: $42.48

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