To buy a sterilizer machine for my barbershop

Roger

Kumasi, Ghana

100% repaid

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How it Works

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.