Two machines for my barber shop

Bonface Bindi

Chimoi, Kenya

99% repaid

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How it Works

Entrepreneur

Name

Bonface Bindi

Member since

February 2015

On-time repayments

11 installments • 82%

About Me

My names are Boniface Bindi I am 28 years old I come from a family of seven children me being the first born. after completion of the secondary education i stayed at home for three years when i was taken to college because of financial constraints. During the three years at home i used to work for a friend in a barber shop to earn a living and support some of my siblings. while at the business i started saving a little by a little till i had enough money to buy a barbering machine that is after my college. after the college i applied for jobs with no avail i decided to start my own barber shop with the machine i had bought, i got so much support and encouragement from my family,friends and the neighbors. i like watching football, socializing, listening to music and watching movies.

My Business

My business is a service kind of business a barber shop. I decided to start this kind of business because of the services offend by other barber shops are not up to the standards having gotten the opportunity to visit big town and compared the services they offer i decided to start the business and offer the same to the locals in my area. i choose this kind of business because its easy to start and run doesn't require much space and that i had a prior experience on the business. For now my business income is very down i want to increase the number of machines from one to at least three. the profits from the business i help my other siblings pay their fees and the rest invest them back to the business.

Loan Proposal

If granted the loan i intend to buy 2 machines for my barber shop one machine costs 37.7258 dollars. increasing the number of machines in my barber shop will increase the services because i have been using only one which has been breaking down frequently. Buying these machines am sure it will increase my income by 50%.