Boosting my business

Entrepreneur

About Me

My names are Beatrice Odhiambo I am 55 years old, Born in Nyanza province.I am the firstborn of the six children in our family. I am married and also blessed with six children. My first four children are already married while the last two are in college and high school respectively.
I was educated up to the old primary school level after I got married and also fortunately by the grace of God I became an ECD teacher I also in 2012 started The business which has really helped me and my family a lot.

I also have a Barbers shop where we cut men's heirs and salon for women heir styling at all seasons. This was begun latter after the first business was launched.

My Business

My business is salon business and ECD school,located at Tiri Mbili estate Eldoret Town.I started the business in the year 2012 and 2014 respectively with a capital of US Dollars 280 and us dollars 300.
My monthly cost of running the business is US Dollars 600 while average Gross profit before the expenses is usually approximately US Dollars 500.
The following is how I normally use profits from the business :-
10% I give tithe to the church
70% Up keep i.e food and rent
5% Savings
15% I support my aged mother and two siblings

Loan Proposal

When I am given this loan of 50 Us dollars I will buy a Blow Dry Machine Costing 50 Us dollars .
It will make my Customers to be served better because now I will have a total of 3 Blow dryers in my salon shop ,And I will able to add one worker in my shop.

If this machine is added in my shop I expect my profit to increase by 10% and this will really create a lot impact in my family and Business as well .

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