To purchase a shaving machine

Joseph

Bungoma, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

May 2017

On-time repayments

44 installments  •  64%

About Me

Was born in Bungoma County on 9th April 1993
Attended Nalutiri Primary School from 2000 to 2008.
Later, I joined St. Thaddeus Secondary School from 2009 to 2012.
I further joined African Institute of Science and Technology in 2013 to 2016 for a Certificate in Secretariat and Business Administration.
Have vision to further my studies to university level to pursue a degree in Business Administration.

My Business

In the year 2015 to date, I Got a Job with a self group within Kanduyi Town as a shop attendant. I started working as a shop attendant and paid on weekly basis. I am paid KES 1500 per week. The money I make help me to meet my personal expenses such as pay rent, food and clothing. I also save a little money for future investment.
I Have a vision of starting a Barber Shop of my own. I have started acquiring materials and equipments to equip my barber shop. I hope to start the barber shop by January 2018.

Loan Proposal

I will buy 1 Shaving Machine which costs KES 3,500 ($35). This will be used to shave customers.
On average basis, a barber shop brings a net income of KES 1,000 ($10) during normal seasons. but during peak seasons a barber shop brings KES 3,000 ($30) per day. Therefore per month I will have made KES 30,000 ($300) or KES 90,000 ($900).
The returns will enable me pay for my college school fees and meet my personal needs.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$28.00

Date disbursed

Sep 21, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Arjan Geven

Vienna, Austria

PG

Paul Graham

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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