Loan to increase my stock of my beauty & cosmetics shop
Susan
Umoja Two Lanet Kenya, Kenya
11% repaid
Entrepreneur
Name
Susan
Member since
February 2014
On-time repayments
123 installments • 17%
About Me
Hello to you all. My name is Susan Njeri Gitau, l was born in 1982 in Nakuru District , Bahati Division, Kabatini Sub-location in Kenya. l come from a very humble Christian family and background. In the family of the late Mr. James Gitau and the late Mrs Rachel Gitau as the eighth born. My elder siblings are all married and moved to other towns. l am also married to a very handsome husband and have one baby boy aged 1 year and 3 months. In 1989 I joined Umoja primary school and completed in 1996 and got my primary school certificate. In 1997 l joined Bavuni secondary school and completed it 2000. Later I joined Rift Valley College of Beauty & Hairdressing for a two year course and completed it in June 2003. After college I got an employment chance to work in a salon called Machris Salon & Beauty Parlor in town for a period of 2 years, i.e from 2004 to 2006, where I got a chance to save money towards the capital to start my own Beauty & Cosmetics Shop.
My Business
I opened my shop in February 2006 at a place called Umoja 2 Estate, lanet Nakuru, Kenya, as I wanted to become my own boss and become financially stable.The business has been favoured by its location where upcoming houses are being constructed and residential estates that are around the place. Since l started this business, l have been buying the goods/cosmetics every first week of the month in Nairobi,Kenya at a very reasonable price.
The business is profitable, by buying in wholesale enables me to sell to the local saloons and the community at a reasonable price, something they prefer rather than going to town and this is a big boost to my business. My business is registered with the Municipal Council of Nakuru, where I acquired a business permit certificate which enables me to run my business in this area.
On average my business makes up to USD 315 in sales revenue, the house rent is USD 50, electricity bill USD 9, garbage collection and water USD 8 and security USD 11, which leaves me with a profit of USD 237.
With this loan I will be able to add more stock to my cosmetics shop to make it a one stop shop in the area, so that whatever a customer requires will be available and that will enable me to make good returns. My next plan will be to open another chain of Cosmetic Shop and create employment opportunities for the local youths and help them become financially stable. It is my humble request and prayer that Zidisha Team will consider my application and approve the loan pledge requested. Thank you all.
Loan Proposal
My appreciation to all lenders and Zidisha team for granting me another chance to grow in business, my previous loan helped me a lot as I bought more goods for my beauty shop and was able to progress and repay my loan well. I was able to save adequately and pay my bills as well. With this loan I will buy more extension hairs at USD 50, shampoo at USD 45, body lotion at USD 25 and hair conditioners at a cost of USD 25 in order to continue serving my clients well in this area.
This will help my business so much because I sell wholesale goods to my customers, i.e local saloons and the community, at a very reasonable price, which will give me good returns so that I will be able to pay my loan, my bills and also increase my savings. Thanks a lot, I welcome lenders to fund my account. God Bless You
About Me
Hallo to you all,My name are Susan Njeri Gitau,l was born in the Year 1982 in Nakuru District ,Bahati Division,Kabatini Sub-location in Kenya.l come from a very humble Christian family and background.In the family of the late Mr. James Gitau and the late Mrs Rachel Gitau as the Eighth born.My elder siblings are all married and moved to other Towns.l am also married to a very handsome husband and one baby boy aged 1 year and 3 months.In the Year 1989 I joined Umoja primary school and completed in the Year 1996 and got my primary school certificate, in the 1997 l joined Bavuni secondary school and completed in the Year 2000.Later i joined Rift Valley College of Beauty &Hairdressing for a two year course,and completed in June 2003.After college studies I got an employment chance to work in a salon called Machris Salon &Beauty Parlor in town for a period of 2 Years i.e from 2004 to 2006 January where I got a chance to save money towards the capital to start my Beauty & Cosmetics Shop.
My Business
l opened this shop in the Year 2006 February at a place called Umoja 2 Estate,lanet Nakuru, Kenya so that to start up my own business and become my own boss and become financially stable.The business has been favoured by its location where upcoming houses are being constructed and residential estates that are around the place.Since l started this business,l have been buying the goods /cosmetics every first week of the month in Nairobi,Kenya at a very reasonable price.
The business is profitable,by buying in wholesale enables me to sell to the local saloons and the community at a reasonable price which they prefer to buy from my shop other than going to Town and this is a big boost to my business. My business is registered with the Municipal Council of Nakuru,where I acquired a business permit certificate to enable me operate the business in this area.
From the financial advancement l am going to get from your Micro-finance,it will enable me to add more stock in the business so that whatever a customer needs/require will be available in the shop.In the average Net sales the business makes upto USD 315 in sales revenue on which the house rent goes for USD 50,Electricity bill USD 9,Garbage collection and Water USD 8 and Security USD 11 and the profit i make after all deductions is USD 237.
For the loan Zidisha fraternity will offer to me & my business I will add up more stock to my cosmetics shop to make it a one stop shop in the area and be able to make good returns,after which I will open another chain of Cosmetic Shop and create employment to the local youths to be financially stable.It is my humble request and prayer that Zidisha Team will consider my application and approve the loan pledge requested.Thank you all.
Loan Proposal
My appreciation to all lenders and Zidisha team for granting me another chance to grow in business,my previous loan helped me alot as i bought more goods for my beauty shop where i was able to progress and paid my loan well,i was able to save adequately and paid my bills as well. For this loan I will buy more Extension hairs at USD 50,shampoo at USD 45,body lotion at USD 25, and hair conditioners at a cost of USD 25 to add up more stock to my cosmetics shop to continue serving my clients well in this area.
This has/will help my business so much because i sale goods in wholesale price to my customers,i.e local saloons and the community at a very reasonable price,at which i will make good returns and be able to pay my loan and pay my bills and also increase my savings.
This will be a boost to my business because goods are first moving because of the fair price and good service to the clients.
Thanks alot,I welcome lenders to fund my account.God Bless You
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Loan Info
Project Type
Classic Loan
Disbursed amount
$145.00
Date disbursed
Oct 31, 2014
Repayment status
Late
Projected term
24 months
Other loans
Lenders
Germany
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