Buy new blow dryer for salon to replace the stolen one

Risper Kwamboka

Bumala, Kenya

53% repaid

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How it Works

Entrepreneur

Name

Risper Kwamboka

Member since

February 2014

On-time repayments

122 installments • 92%

About Me

I am Risper Kwamboka Mose,35 years old and a kisii by tribe.I was born in Kisii county in the year 1980.I am the first born in the family of five two boys and three girls.Currently i live in Bumala the place i love the most and do my business activity there.I am a Salonist by profession.After completing my forth form my father could only afford to take me for that course.So after training i just work for shorter period under somebody before i started my own so that i can be self employed.I have bought house holds,a motobike and get my daily need from there.

My Business

After working under mrs.Marther for a while a save some capital little by little till i was able to buy all material that i had required to start my own saloon.So be business my own and i have manage to employ other two young ladies.I do offer beautification to ladies hair like blow dry,weaving,braiding,massage,nail art.............I have so many customer because of the better service i do offer for them and there is demand for my service because most of ladies here love to be neat and look pretty too and that is all my work.
The business if profitable because i do always buy most of cosmetics in Uganda at a low price and when i use them here in Kenya i do get something good in return.
The risk i do always experience is power shortage sometimes that do always occurs.My monthly cost is something like ksh 50000 and a profit of ksh 20000.

Loan Proposal

I take this opportunity to thank you for bringing this far.You loan helped to upgrade my business and i was able to increase my profit.Today i come to you again to contribute towards my loan so that i can continue building my business.First my blow-dry was stolen and the one am using now is hired at $2 per day so i will use $300 to purchase a new one so that i can save the cost of hiring the blow dry.Then $50 i will use to renew my business license so that i wont have problem with county Government throughout the year and $60 to pay for business premise rent the the remaining amount to buy working products for my salon.