Buying new beauty equipment for my beauty salon
Kevin
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Kevin
Member since
July 2015
On-time repayments
80 installments • 30%
About Me
I started my education at Kemera central in Nyamira county. I later joined Uriri high school, because i could not make it to university, the following year i joined Nyambaria boys school. I made it to Kenyatta university where I am pursuing bachelor's degree in education. when i joined university i found it very difficult to raise money for my needs, because my family could no longer support me. Therefore i enrolled for training as a hair dresser. I started with a single barber machine and now i am running a small beauty salon. There have been several challenges along the way but the passion and the will to help people look gorgeous has helped me achieve my goals. I will not forget to mention the hard working culture of the people in my environs. This is the challenge that keeps me going every day. I like reading a lot, more so entrepreneurial and beauty journals as well as inspirational books.
My Business
Being a salonist, i offer a variety of services from hair dressing to manicure and pedicure. To ensure that i get the best out of the services i offer, i also include a Berber shop. These services are always in demand as everyone needs their hair dressed well so as to look decent. Getting into this business is a matter of passion that was turned into an income generating business to meet my daily needs. Because this is a small and growing business some of my profits are reinvested in the business. As well, this business helps me to raise my rent and my daily needs. This is why i apply for this loan so that i can get more equipment to expand the business and be able to offer high quality service to customers. This will help me improve my customer base thus an increased income.
Loan Proposal
I have been operating in a limited space, now that the number of my customers is increasing I am considering to increase the number of blow driers, dries and barber machines. All the equipment will cost about $500. If I manage to acquire all these, I will attract more customers, easy the long hours my customers were waiting to be served as well as enhance service delivery. With all the equipment my profit will increase by up to 25 percent.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Aug 3, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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