Purchase of machine and barber chair

Thuo

Nairobi, Kenya

53% repaid

Entrepreneur

Name

Thuo

Member since

March 2015

On-time repayments

21 installments  •  57%

About Me

i grew up from a pleasant farming were my parents did casual labor to bring me and my sibling up then i join primary school ,were i sit for my primary grade certificate and excelled well, to be admitted to provincial school and due to financial problems i was forced to join a harambee village school i managed to attained a c plain despite all the challenges i faced in the course including be chased out of school due to lack of fees.
immediately after kcse i left my local village to nairobi were i started hawking with the little money i had left after i had paid my fare,on my hawking business i managed to do little saving with helped me to start my barber shop were i depended on for my daily bread and other daily needs.
in our cultural as young informed man,no one including your parents has to help you but you have to thrive by yourself.
am a fun of soccer and also a player ,i like making new friends, reading and watching movies.

My Business

as barber expert i do provide shaving ,massage ,facial,bleaching,manicure and pedicure among other services.
The services i provide are in high demand due high level of hygiene that we maintain and has to remain smart due to their work also our location gives an edge due to the location of our shop were many can access.we open early and close late to serve our diverse customers.
availability of internet service make it easy to advertise our services in the platform such us ,facebook,twitter,whatsapp,viber,instergram among others.
in my life i have passion of socialing with people and helping people, and this way i hope i help them look more appealing and better in their work place and society at large.
for any running business cost are inevitable since you have to pay for rent,water bill,electricity bill and other running costs.
sources of revenue are very minimal since we depend on service charges to our customers.
as a father and enterprenuer my priority is to maintain my family and the reminder of monies is for eduction to the kinds.

Loan Proposal

with the loan i intend to purchase more machine ( Smoother machine) for the beard and a barber chair and more detergent for shaving. for a total Kshs 20,000/=
with the purchase my client will be more comfortable, confident and also have an employee for the extra equipment. with the purchase i expect the profit margin to increase with 15% or more, customer satisfaction also will increase.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$45.00

Date disbursed

Aug 31, 2015

Repayment status

Late

Projected term

2 months

Other loans

Lenders

G

Goldrivermob

Gold River, Canada

S

sgunnink

Utrecht, Netherlands

John Minges

United States

M

Mike

Netherlands

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