Barbershop expansion

Daniel

Breman, Ghana

100% repaid

Entrepreneur

Name

Daniel

Member since

August 2016

On-time repayments

46 installments  •  48%

About Me

My name is Daniel Tweneboah Kodua. I am 24 years of age. I am a barber. At the age of 13 years i lost my parents in an accident. My siblings and myself were then forced to relocate to my aunty's house. Life there was tough. I became a school drop out because there was no money to pay my fees. As the first born, i decided to do something to help my younger siblings such that if i am not able to go to school they can at least go so our generation wont be poor in the future. I then became a jack of all trade. Engaged myself in any kinda business that could help me earn little money for survival. At the age of 18 years i decided to go into the hair cut business and became an apprentice to one barber in my area. Through hardwork and determination i was able to acquire the knowledge through training in a period of 4 years and currently i own one shop and i am helping my siblings through school.

My Business

My job is to shave and trim people's hair. this business is quite lucrative and profitable. People that is men love to look good and presentable in the society, that is at their workplaces,homes,church,school etc. and so they dont like their hair unkept. this has made people rushing in and out of the barbering shop all the time. so then i make quite an amount from this business which i use in helping my siblings education.

Loan Proposal

If granted this loan, i will be able to expand my shop or use the money to rent a bigger shop space. My estimation is around 500 dollars. The loan will enable me achieve my goal of getting apprentices by expanding the shop and
Pay school fees. I expect that my profit can increase by 15% if i get others to join me in the shop and work to earn more money

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$205.00

Date disbursed

Oct 10, 2017

Repayment status

On Time

Projected term

6 weeks

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Paul Buchheit

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A

Anonymous

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CN

Craig Newmark

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JG

Jake Gibson and Beverly Picardo

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AE

Asher Enciso

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KA

Kate and Tom

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  • Daniel    Dec 3, 2017

    With the loan i just completed, i have been able to go in for a bigger shop space and recruited 2 workers. I bought two shaving machines for them with other materials they will need to help speed up the business. Before i could shave one person at a time but now with the help of the loan three people are shaved at a time and there is sitting space for clients to wait until their turn unlike before when they come and there is no space then they leave. Some return and some do not which affected my profit making greatly. My income has increased such that i am able to send money back home for the smooth running of the house, provide a 2 square meal for the meal and as christmas is approaching i am hoping that with the help of my lenders who fund my business my family will not be left out of the celebration. Currently the holidays celebration we are all awaiting in my neighbourhood is the christmas. During Christmas we exchange gifts as a sign of love. These gift could be food items, clothes, home equipments etc. And on the evenings we hold a big concert where loud music is played for people to dance and enjoy themselves. I dont have pictures of it at the moment buh i hope that i will get some and post for my lenders to see.

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  • Daniel    Oct 9, 2017

    I will make sure to expand my shop space. Thank you so much for the support and lending me this money. God bless you

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  • Nathanael    Sep 17, 2017

    Hello Daniel, it was nice talking to you and knowing the zeal with which you want to work. I am positive that lenders will fund your loan for u to help you get back to your feet. All the best bro.

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  • Daniel    Jul 10, 2017

    Please, I am sorry for the delay in payment of my loan. I have not been well for the past weeks and thus I could not be at work. By the grace of God I am well now and I wish to resume payment as soon as possible. I want to know if I can pay all my debt at once since I could not meet the payment schedule? Once again I am sorry

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  • Daniel    Nov 17, 2016

    The rapid cutting of power supply at any time of the day without notice caused the burning of my shop one night when i was away. this incident compelled me to have a fresh start some place else. since it is a new place and the people there barely have confidence in me. work does not come as expected but the good news is that some inhabitants have tried my work skills and have realize how good i am and have began to spread the good news..so things are beginning to brighten up. i am making progress. soon the whole town will get to know of me and things would get back to normal.

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  • Daniel    Sep 17, 2016

    I am going to buy a sterilizer plus shaving materials like powder, shaving alcohol and shaving machines. it will help invite more customers, ensure customer safety and increase my income. With all my heart, i thank all kind heart lenders from Zidisha for the beautiful work you are doing to improve the well being of lives.

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