Procuring a Shaving Machine

Michael

Busia, Kenya

35% repaid

Entrepreneur

Name

Michael

Member since

December 2014

On-time repayments

20 installments  •  25%

About Me

I am a maried man with three (3) children. I went to school upto high school level after my high school i joined my brother as s protogee in his barber shop in Siaya county i stayed on as his protogee for three (3) years , i then left Siaya for Eldoret where i tried my hand not only in barber shop but other businesses as well i then settled back in Siaya after four years at which time my brother passed away after some time i moved to Busia county where i opened a barber shop that is doing well to date.

My Business

As a protogee in my late brothers sho i not only learned how to shave but also the maintanance of the various tools of trade including their sevicing .At my barbers shop in Busia county i not only shave but provide servicing of the shaving machines as well and besides the barbers shop in which i have in my employ one (1) person i also operate a motorbike taxi ( commonly known as boda boda) business that has also seen me employ a second youth.

Loan Proposal

I would have wished to get a larger loan but since this is my first loan i will limit myself to what i can get from the granted amount which is the purchase of a new shaving machine that will cost me about Kes 7,500 an amount am sure my current business will enable me to pay in time.Thank you.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 9, 2015

Repayment status

Late

Projected term

4 months

Lenders

bdm4a

San Fransisco, United States

W

Witlof

Tsukuba, Japan

T

TobyKenobi

Syracuse, United States

KaraM

Somerville, United States

A

adwatson

Milan, MI, United States

BelleStarr

Albuquerque, United States

K

KakkoiiCali

Anaheim, United States

D

DrFeelGOOD

San Jose, United States

A

Anonymous

United States

J

Jmay2133

Fremont, United States

L

Lunatoon

Grants Pass, United States

Joellen

Boulder, United States

C

CavLender

Charlottesville, United States

E

Ehaffey

Washington D.C., United States

F

flaguy999

Tampa, United States

Dutchguy

Nijmegen, Netherlands

Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Dutchguy    May 2, 2015

    Thank you for the update. May things go better for you soon!

    Log in to reply • Share
  • flaguy999    Apr 30, 2015

    Hi,

    Thanks for the update, hopefully things will turn around for you soon.
    God bless.

    Log in to reply • Share
  • Michael    Apr 30, 2015

    I have defaulted on my loan payment (shamefully) for sometime now due to hard financial times that have befallen me but i hope to begin making payment tomorrow i had intended to do this on thursday but i was unfortunately unable to.

    Log in to reply • Share
  • Michael    Feb 26, 2015

    I had every intention of paying the original instalment as made at the time when i applied for the loan. But when schools opened i had to pay for my late brother's son school fees and the school administration had one stringent measure in place that is that the first term fees has to be cleared in one instalment before readmission but i hope to continue with my initial installment as soon as i am on firm financial standing.

    Log in to reply • Share


Loading...

Loading...

Loading...