Kinyozi

Fredrick

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Fredrick

Member since

June 2017

On-time repayments

34 installments  •  100%

About Me

I am a third borne in a family of five from a rural village in kenya. i schooled in a local school before going to a high school and then Moi University. My dad was a taxi driver and my mum a house wife. It wasn't easier for my parents to provide for us but they really featured well when it was issues to with education.
In university i was an adult and i used to sell airtime and eggs to supplement my subsistence. in my second year i got training as a driver and todate that is what puts food on my table. After college i was employed with a local bank then four years down the line got an appointment to the local government, what we call a county in our country. The recruitment process had issues and in 2013 i lost the job and i would not go back to the bank. since then i have been a truck driver till 2016 when i decided to go back to class and do my masters.
I am a student doing my masters and I have had this flair of having a barber shop that is standard. I have identified a location and i have some cash to rent the premises. All i need are funds to start it off and i may not start making profits instantly and that is why i am in need of financial help.
I have one wife and one son aged 4 years. my wife is a graduate too and jobless. my son likes traveling which i love too and even the mother. I do academic writing in my free time and during weekends i do my thing, driving. Having a barber shop will get myself busy alongside my class work as well as income to raise my family because i am staying in the city with my nuclear family while extended family is in the village. the truck belongs to the family

My Business

I have a barber shop in the estate being managed by my wife, at the moment i am contracted by a local institute to develop online training manuals for them. i want to use my next loan to equip my barber shop by upgrading it. It is a simple investment that shaves people as well as blow-dry services. It's my prayer that am at a position to restock my shop during this festive season to be able to tackle the hurdles of January

Loan Proposal

I will use the loan to start a barber shop at Makadara i will work with zeal and enthusiasm to ensure that it is of class. I will employ one attendant and i intend to lure my wife to sharing the room as a salon. This in turn will render both of us busy, productive and in meantime am looking for a position to establish a cereal store and move my life from the village to the city.
I am looking forward to moving my life from the village to the city where there are like minded people at the same time pursuing a masters degree was aimed at changing my clientele. I need to start low at the same time i need finances to cater for my family to prove that i am a provider.
I am setting a barber a barber shop with regular updates through media, i.e. a daily newspaper popular magazines and a screen. With time i will update the barber shop to have a till number, nice shaves and free wifi.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$45.00

Date disbursed

Jun 30, 2017

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$45.32

Amount remaining

$0.00

Date repaid

Sep 5, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 8, 2017 $1.98 Jul 3, 2017 $1.98
Jul 15, 2017 $1.98 Jul 10, 2017 $1.98
Jul 22, 2017 $1.98 Jul 17, 2017 $1.98
Jul 29, 2017 $4.94 Jul 25, 2017 $4.94
Aug 5, 2017 $4.94 Jul 31, 2017 $4.94
Aug 12, 2017 $4.94 Aug 10, 2017 $4.94
Aug 19, 2017 $4.94 Aug 17, 2017 $4.94
Aug 26, 2017 $4.94 Aug 22, 2017 $4.94
Sep 2, 2017 $4.94 Aug 28, 2017 $4.94
Sep 9, 2017 $4.94 Sep 1, 2017 $4.94
Sep 16, 2017 $4.82 Sep 5, 2017 $4.82

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