Add fast moving stock at my beauty shop

Noel

Bumala, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Noel

Member since

January 2014

On-time repayments

209 installments • 64%

About Me

My names are Noel Owour i am 23 years of age born in a family of four me being the second born in the family of David Owour.Currently i live and work in Bumala.

I run a small beauty shop in Bumala.I am o level graduate.I started this business after completing my high school so that i may raise fund for myself further studies in future.

From my business i have been able to cater for my own daily basic needs and am proud to say have bought all that required house holds.

For now i live in my own rented house.

My Business

As have said earlier i run a small business beauty shop which i run myself.

My business is purely sole proprietor which i started from my own savings and some soft loan from my mum.

My deals with weaves,abuja rastas,perfumes,cutex,nice and lovely,venus,high pencil,leap bums,nail cleaner...........I have many ladies friends and good customers.I am also surrounded by many solons who get products from my shop.

My business is profitable because i have so many customers so i sell more.I also have so many customers because my prices are fair.

The risk my business have been facing is lack of capital.My monthly cost is averagely KES 20000,sales KES 50000 and profit around KES 15000 all per month.The loan am going to get i will invest all in the business.

Loan Proposal

This my second chance coming back to you for a second loan.First i would like to thank those who have supported me in the past.Now this loan will be invested in my business as follows.$200 i will use to women beautification products at my shop for resale and another $200 i will use to buy cloth materials and vitenges from Uganda and sell them in Kenya Nairobi at a profitable price.