Blow drier

Entrepreneur

About Me

Being brought up in a farming community where you either go to school or farm I chose a different path, my interest has always been in good looking hair and so used to do cornrow on soft grass behind my mother's kitchen. I remember being caught by mother one day who punished me for not doing something constructive with my free time like studying for the next exam , this is because they always consider bright students in our community to pursue formal education and not so much of talent.
I was never deterred from pursuing my interest in hair dressing so I saved my pocket money to go ahead and study hairdressing and beauty therapy in a formal setup, this didn't happen because it wasn't enough so I paid a neighbor who owns a salon in the neighborhood who helped me enhance my talent. it came out well and now I'm running my own small hairdressing salon in my house where I stay. There are challenges but with the support of my siblings who have now seen that talent can be nurtured against all odds to be a brilliant business opportunity that can pay bills, i'm able to sail through.
whats more interesting is that my 19 years old daughter who is currently pursuing a course in education is also interested in beauty therapy and intends to take a course in it, with that I believe my unfulfilled dream of going through formal education in the same will be fulfilled through her achievement.
I'm glad that at least there will be someone to carry on the talent as I'm told it was my mother who used to do womens' hair during her youth so i took after her but now in form of business not leisure.

My Business

My business is a hairdressing salon situated in my residential house, we do :
cornrow, braids, weaving, hair relaxing , blow drying and shaving,.
these are the most commonly demanded hair styles in the neighborhood because all women of different earnings can afford and maintain them and again they convenient for the African hair.
typically my revenue comes from the charges for the hair done and sometimes if I have stock of beauty products which I rarely do due to their expensive nature and again many may consider them unnecessary. My charges vary from as little as ksh 200 for children's' hairdo to ksh 1000 for twists and braids,.
I mostly spend on buying shampoo and other hair products to be used on clients' hair this on average costs ksh 3500 per month, electricity bill costing between ksh 1000 to ksh 1500 a month I also have employed 2 employees paid ksh 3000 plus 10% commission. on a good month's work I make an average of ksh 30000 from which I would deduct all the expenses leaving an average profit of ksh 19000, these profits I use partially to pay for my children's school fees, daily upkeep and home improvement.
I wish to expand my salon to the level of a beauty parlour or even a spar but financing is the main problem coupled with family responsibilities and hard economic times it is hard to reinvest the profits 100% into the business.
I love this kind of business because it is my passion I find fulfillment in doing it , moreover it puts food on my table, my children go to good schools which we could not afford if we only depended on their father's salary .

Loan Proposal

I need some money to replace my blow drier which got damaged.
My blow drier got damaged by electric power surge and so I need to replace it with a new better one. the one I'm currently using is consuming much time because though it was repaired it does not perform effectively.

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