Business of beauty products

Katete

Nairobi, Makadara, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Katete

Member since

February 2016

On-time repayments

104 installments • 100%

About Me

I am a hair dresser by profession.

I am the last child in my family. My parents were not well off. I attended my
primary school at Kwanyanze Primary School. For My Secondary school
I attended various school in various towns due to lack of school fees. I overcame
hardship when I started working at Vera Beauty Saloon. I started my own business
after working for five years and saving the income.

The unique thing about my land is that it is very much fertile. I am blessed with
two children. When they grow up I want them to get the best education in
the word. I like singing and reading the bible.

My Business

I run a Saloon and a beauty shop. I will use the income from my saloon to repay
for the loan. I was ladies their hair, do manicure, pedicure and also do facial.
I also sell Hair piece, weaves and wigs. I choose this kind of business because
ladies like to look smart in regardless of the expense. The typical cost is involved
is US$200.00. I use the profit to pay school fees for my children and our
up keep and also reinvestment to grow the business. I the future I want to
buy a plot and build our own residential home.

Loan Proposal

I will invest the funds to buy beauty products for sale. They will cost about US$100.00.
I will benefit because I will repay the loan from the profit, pay school fees for my
children and also remain with some money for their up keep.

I expect a profit of 50%.