• LB0024 - Alphonso is an ambitious 29-year-old who before the lockdown was able to triple his business with a small investment from CII.  Now that the lockdown is not as bad he is seeking capital to expand his barber shop to a larger location where he can grow his customer base. He opened his current shop in 2014, which has been quite successful, but must expand to keep pace with customer demand.

Published
$255.00 of $450.00 goal
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About The Project

$450 is the amount Alphonso needs to expand his operations and open a larger barber shop.
$50 is what he has already saved and pledged to invest toward that goal.

In March he got a $100 investment from CII and in one month was able to triple his business.  He has purchased electric hair clippers, a mirror, fan, chair, shampoo, conditioner, and other supplies and is saving up for a new generator and video player for his future customers’ enjoyment at the new location.

Now that the lockdown is easing he is ready to continue to expand.  Funds raised through this platform will address a lack of startup capital needed to meet Alphonso’s customer demand. The new rental space will allow him to have his own, rather than a shared, hair-cutting shop. The purchase of a generator is especially critical, as he hopes to transition from manual hair cutting to electric barbing equipment.  With this new, larger barber shop he also hopes to train and employ about three people from his community.  

“I will work with my community members on vocational training skills in offering barbing services.” – Alphonso



Paying it Forward

Alphonso shared just $5 of the investment he got with Momo who used it to start a mobile money business (Orange GSM).  This has enabled Momo to become self sufficient.  Alphonso also helps students in Margibi and Grand Bassa to get books or pay fees.  Education is really important to Alphonso.

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Backstory

LB0024:  Alphonso lives in Buchanan and first started his business in 2014. He used the income from his small barber shop to finance his education at the Grand Bassa Community College, where he obtained his Associate of Science degree in Agriculture in 2017. Alphonso is continuing his education at the University of Liberia and uses his income for transport to Monrovia to attend classes. He cares for his young daughter and has also been extending financial assistance to family members and close friends in his community.

What's New

  • Mauricio Miller
    Mauricio Miller is following project: Shine Barber Shop.

    Goal Amount : $450.00

  • Maria Romano
    I am highly impressed by Alphonso's drive and determination. I can't wait to see Shine Barber Shop open up its second location!
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United Nations Sustainable Development Goals

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Basic Information

  • Created By : Maria Romano
  • Published On : May 2, 2020, 10:36 AM
  • Funding Ends : Dec 31, 1969, 4:00 PM
  • Backer :
  • Address : -
  • Phone : -
  • Email : -
  • Description : LB0024:  Alphonso lives in Buchanan and first started his business in 2014. He used the income from his small barber shop to finance his education at the Grand Bassa Community College, where he obtained his Associate of Science degree in Agriculture in 2017. Alphonso is continuing his...  more

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Metrics

1225093 Liberian dollars

Business Income

1044480 Liberian dollars

Business Expenses

502002 Liberian dollars

Profit

123518 Number

Employees paid

Map

Location Information

  • Location : Buchanan, Liberia
  • Formatted Address : Buchanan, Liberia
  • Street Address : Buchanan
  • City : Commonwealth-B
  • State :
  • Country : Liberia