Equip and stock my salon

Alice

Mombasa, Kenya

48% repaid

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How it Works

Entrepreneur

Name

Alice

Member since

July 2014

On-time repayments

156 installments • 33%

About Me

My name is Alice Mbonde. I was born in Taita Taveta county but later re-located to Mombasa where I run a small hair salon. I was born of a single mother with where I am the 3th born out of eight children. I am married with two children - a boy and a girl aged 10 and 5 years respectively.

My husband is a business man and we live together in a rented house. We use our incomes to run the family budget. I am a hardworking person who truly believes that hard work pays and I have a dream of expanding my business if given support in form of credit.

My Business

As stated above, I am a hairdresser and I do my business in the outskirts of Mombasa town in an area called Bombolulu. My work mainly entails plaiting, and hair treatment. I also do other beauty related work such as manicure, pedicure and facials. I have been in this business for about one year and during this period, I have gained experience and I have built a good client base which I rely on for continuous flow of business.

I collect an average income of $120 per week. In spite of the success I have made so far, I face a number of challenges, key among them lack of capital to expand the business so as to address the growing number of clients.

If given credit by Zidisha, I intend to buy a drier and a blow dry which will go a long way in easing pressure on the existing machines. This will also increase efficiency at my salon and probably employ a casual laborer when very busy.

Loan Proposal

I intend to use the money from this loan to equip my beauty salon and stock some beauty products. I also intend to hire an extra person to assist in the day to day activities of the salon due to the expected increase of business activities.

My budget is as shown below.

- 2 blow dry machines (for drying hair after washing) at a total cost of $150
- An assortment of beauty products such as lotions, shampoos etc at a total cost of $80
- Weaves and hair pieces at a total cost of $60

With the above items, I am hoping to grow my business revenue by a big margin.
Thank you and I am looking forward to getting your contributions.