To buy a sterilizer machine for my barbershop

Roger

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Roger

Member since

August 2016

On-time repayments

151 installments  •  50%

About Me

My name is Roger Asamoah Brobbey. I was born in Jachie, Ashanti region of Ghana. Jachie is a town along the Lake Bosomtwe the only natural lake in Ghana and a very popular recreational area in Ashanti region and Ghana. The main activity in my town is fishing for the lake is very helpful to my people but farming and tourism are also not left behind. I was born in a family of ten and I am the seventh born.

I went for primary, secondary, and tertiary school and then started a petty trading business in Kumasi. After some few years in this business, I was able to raise about $670 and decided to buy tools and equipment to start something I liked doing most back on campus - barbering (Hair cut).

My Business

I am currently running a barbering shop in Kumasi near the Polytechnic Campus. I chose the location because there are a lot of male students in this institution who are always looking to shave their hair regularly. The services offered include haircut, hair dye, and other shaving services. I like my business because it is a routine business where people shave their hairs between 1 and 2 weeks’ interval and this the demand for the service higher.

I make an average gross revenue of $460 and $290 averagely as my net revenue monthly. My expenditure includes electricity bill, rent, and other indirect expenses associated with this business.

Loan Proposal

I will use the money to buy a sterilizer machine for my barbering shop to ensure that my customers are safe from infections. A standard machine cost $150 and the rest of the money will be used to buy additional shaving machine, and other groceries such as hair dye cream, shampoo and others for efficiency of my work.

This will direct more customers especially the sterilizer machine because customers look for safety anytime they shave their hairs. This will help increase my profit margin because the presence of the sterilizing machine goes with extra cost per shave.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$314.00

Date disbursed

Jan 9, 2017

Repayment status

On Time

Projected term

3 months

Lenders

T

Tmann

Los Angeles, United States

Feldborg

Stuttgart, Germany

BelleStarr

Albuquerque, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

J

Jessica

Patagonia, Argentina

R

rmacaw

Australia

H

hilde

seattle, United States

gseletko

South Perth, Australia

Paul Buchheit

Mountain View, United States

D

DandS

United States

K

karthich

Austin, United States

D

Delok

Germany

smastermind

Jerusalem, Israel

johnhudson

Washington, DC, United States

Scangaid

Pittsburgh, United States

Loungin

United States

E

Erich

Zurich, Switzerland

Gab

Singapore

MD

Miles Dodge

CORVALLIS, United States

Lou Kaucic

Sanbornton, NH, United States

Urszula

United Kingdom

TH

tom hd

United Kingdom

A

Andrei

United States

Taylor

Memphis, United States

Thomas

Sweden, Sweden

Tam Thao Nathan

United States

Jes-c

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

MO

Mark Owens

United States

A

Anonymous

United States

JU

jeremy upsal

United States

R

RMIM

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

B

Bartl

United States

CN

Craig Newmark

United States

ER

Eric Rafoth

Czech Republic

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

MR

Mary Reardon

United States

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