Purchase of more equipments for my beauty shop
Vincent
Kericho, Kenya
100% repaid
Entrepreneur
Name
Vincent
Member since
February 2015
On-time repayments
221 installments • 21%
About Me
I am Kiprono Vincent a graduate having completed my bachelors degree in business at Kenyatta University in Kenya.I have come across various challenges in that include being unable to afford fee payment in the university but due to the investment that my guardian funded me with i was able to establish a beauty Enterprise that as been performing greatly thus boosting my upkeep through the university studies.The culture where i reside from is faced with the challenge of ignorance and not being civilized whereby one cannot afford to continue with the education because of the myths of the society.For now i have no children but because of the enterprise that i have established though small it could be as been have to make relevance to my fellow young generations about widening of mind to be an own boss than waiting to be old for one to start a business.Kenya is a third world country and it focuses its agenda in the young generation to come up with their innovations thus earning a living.About my hobby i like playing football.
My Business
I want to start up a farming in my locality. Due to the covid 19 pandemic my business was closed up, since many clients avoided visiting the beauty shop.
I have decided to resort to start up poultry farming where I intend to add more 50 chicken more to the existing chicken in my poultry farm.
The poultry having is a profitable business thus it would help me grow to become a large scale farmer who would strive to feeding a large population and there after growing the country's economy.
Loan Proposal
If i will be accorded the chance to benefit the loan i will first purchase a shaving machine which costs $35 .After purchasing the machine many customers will be attracted to my business since my people like new things.I will benefit in a way that i will be having less stress about who to finance my business in terms of renovations.My profits will not increase that much but if it could maybe by $20 in a monthly basis.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 2, 2015
Repayment status
On Time
Projected term
45 months
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