Entrepreneur
Name
Godfrey
Member since
February 2015
On-time repayments
67 installments • 55%
About Me
I was born and brought up in a part of Kenya known as Kisumu. I went to Ogango Primary School and Kotienditi High School after which I joined Directorate of Industrial Training in Nairobi for my Tertiary Education. I did a Certificate in Electrical Installation but didn’t manage to secure a permanent employment after my college studies. From the little savings that I had made out the odd jobs that I was doing a little cash from my friends, I managed to start an executive barber shop where I now work full time. In a culture where growing of too long hair for men is not encouraged, I saw barber services as a great business opportunity. I have one child at the moment who wishes to become an Economist when he grows up. During my free time, I like playing chess, watching football, and taking a nature walk.
My Business
In my business, the major service is shaving of hair and beards, on top of other services like charging of mobile phones which also gives me an extra income. Considering that most of my neighborhoods are not connected to the national grid, they are forced to search for somewhere to charge their phones and that is where I come in. My business profits per day ranges between $10 to 15$ and I work for 6 days in a week. I use this part of this income to support my family since I’m the sole bread winner and the remainder is what I use to develop my business.
Loan Proposal
I intend to use this loan to buy one Power Generator which goes for $170 and washing sampo/ hair oil 5 liters which go for $ 25 each. This will help me attend to my customers in time and avoid closing the business when there is black out , which sometime leads to loss of business since some customers don’t have that patience. This will also help me create employment to one more citizen and in the process uplift someone else’s life. Holding other things constant, I expect my profit to grow by 0.7. I hope you consider this application. Thanks in advance and may God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$189.00
Date disbursed
Jun 2, 2015
Repayment status
On Time
Projected term
8 weeks
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Summary
Amount repaid
$198.99
Amount remaining
$0.00
Date repaid
Aug 1, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $24.87 | Jun 13, 2015 | $24.87 |
| Jun 21, 2015 | $24.87 | Jun 21, 2015 | $24.87 |
| Jun 28, 2015 | $24.87 | Jun 27, 2015 | $24.87 |
| Jul 5, 2015 | $24.87 | Jul 4, 2015 | $24.87 |
| Jul 12, 2015 | $24.87 | Jul 12, 2015 | $24.87 |
| Jul 19, 2015 | $24.87 | Jul 19, 2015 | $24.87 |
| Jul 26, 2015 | $24.87 | Jul 26, 2015 | $24.87 |
| Aug 2, 2015 | $24.87 | Aug 1, 2015 | $24.87 |
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