Beauty and cosmetics

Entrepreneur

About Me

My name is Duke Momanyi Ombati, married with one child and living in Kisii County in the city called kisii.I completed my secondary education in the year 2000.subsquently , in the year 2004 enrolled a college in Kisii city where I did Information Communication Technology (ICT). After the completion of my course, I was employed as a secretary in the same county but afterwards I decided to diverse my education and joined a university and pursued statistics economics. After completion I was contracted as a part time lecturer in one of the private college in town. From my savings I started a business in order to increase my monthly source of income of which I managed to open a barber shop and beauty and cosmetics products.

My Business

My business is situated next to Gesonso SDA Church, Nyamokenye street 200 meters from Gesonso Police station. I have a barber shop business combined with cosmetics products, where my wife works of which we want to expand the business. The business started as a small cosmetic shop out of my saving I had from my salary of which it has grown to an additional of a barber shop. We believe out of your support we will be able to expand it to a bigger one of which it has started to reveal itself after several loans that has been extended to me which I have been comfortably able to service with the income I got from the products I bought .The business is able to make an average gross of Ksh 70,000 translating to a net of about Ksh 28,000 prior to loss I used to make in the beginning because I was even forced to use my salary to support the business in paying some of the expenses. The income has shouted to a net of Ksh32,000 as per the last month of which out of it I was able to pay Ksh 2800 per week towards my loan.

Loan Proposal

Once you extend funds to me I will relocate my business to a spacious room that will acommodate more stock,baber shop clients and attendants hence creating employments.
STATEMENT: EXPENDITURE
I. Furnishing the room(repair) and labor US $315
II. New barber’s chair US $ 399
III. New 2 additional hair clippers US $140
IV. Additional stock cosmetics products US $150

TOTAL:US $1,004

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