Renting shop for barbering services and footwear sales
Augustine
Kumasi Via Breman Ugc, Ghana
100% repaid
Entrepreneur
Name
Augustine
Member since
August 2017
On-time repayments
130 installments • 88%
About Me
I am a young man of 33years married to Eunice Owusu with two children. I started life in Sunyani, I attended both primary ,high school and university in Sunyani the brong Ahafo regional capital of Ghana. I live in Kumasi, Breman UGC to be precise. I started working as a barber while I was in the high school and later developed some passion for business since it was the second job for my boss b then, so I took some experience from him with regards to the business of buying and selling. since then business has become part of me. so my core business for now barbering and retail of sandals and slippers.
My Business
The proceeds of my business comes from the barbershop and the retail business. the barbering shop I am able to make average daily sales of $25 and resale of sandals fetch me daily sales $100. my business is very lucrative that why I need financial support to expand.
Loan Proposal
This loan will assist me to rent a shop and purchase other essential equipment such as sterilizing machine, haircut machine and air condition. The sterilizing machine will cost approximately $75, the haircut machine will cost approximately $72 and I will be purchasing three of them. I have negotiated for an air condition from a dealer which will cost approximately $250 and I will pay this in monthly installments. I also estimate that other items that fall under miscellaneous expenses will be approximately $100.
I will also be needing a display shelve for the footwear which will cost approximately $100.
I make a weekly earnings of around $100 and I expect this to increase to $250 after renting the shop and obtaining the items above.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Aug 14, 2017
Repayment status
On Time
Projected term
9 months
Lenders
United States
United States
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