Purchasing more shaving machines in my barbershop
Peter
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Peter
Member since
October 2014
On-time repayments
321 installments • 78%
About Me
Am peter mutembei kapindu ,i leave in nakuru town ,Langalanga village.i attended school at Nakuru day secondary school,I have been working for the last 12years in prestige shuttles tours and travel.i have dreamed to start my business since childhood because my father is a businessman in Nairobi.am encouraged by my friend and workmate to join zidisha since i have seen it work for him.one thing unique about Nakuru is that the people are always ready to uplift the life's of other people within the area.currently am not married.
My Business
My business is located at Kanu street in Nakuru town.my business is called carosa beauty and cosmetics.i started this business because i realized that there was a great demand of cosmetics within the area and most of the saloons in the area used to go and buy from town about 4km.mostly i sale in wholesale and also in retail.most of my customer love to buy from my shop because my prices are affordable and i also some times offer small credit to those who are frequent customers.the business is profitable because i deal with beauty products which are in high demand and they sale faster.the risks that currently am facing are the introduction of tax which was not there before,this has affected the business by increasing the cost of operation.also the challenge of high cost of leaving has affected the business .my typical monthly cost is around 70,000 to 84,000 although sometimes the cost varies in different months,some month cost of operation is higher when there is more sales.sales ranges from 129,000 to 164,000per month.i mostly use the profit i get in increasing the stock.my alternative way of paying the loan is through my salary.am employed and i have a pay slipayment of any loan that can facilitate p
Loan Proposal
Am planning to buy at least five shaving machines costing USD156.25,the number of customers has really increased to a point where more machines are required. by adding the number of machine am creating an avenue of increasing my daily revenue.i expect the profit margin to increase by double digits since am planning to make every machine to maximize its output per day . my target iUSD4 per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$84.00
Date disbursed
Jun 5, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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