Help me upgrade my salon and create more job opportunities
Racheal
Elburgon, Kenya
4% repaid
Entrepreneur
Name
Racheal
Member since
November 2014
On-time repayments
292 installments • 12%
About Me
I am Racheal Njeri born in and raised in Njoro Nakuru county.I am a fourth form graduate and a short course in hair dressing and beauty.My childhood life was not that easy because i did not see my parents,my mother died when i was two years but i do not know my father because he abandon my mother when i was still in the womb.I was raised by my grandmother,and after high school she couldn't afford my college fee so i started my first job as a house help.After sometime i manage to save small amount of which i used to pay for my short course in air dressing and beauty.From there i started working in several salon to gain experience before i managed to start my own.
In my life i love vising orphans children because they remind me about my life in the past and i hope one day to open my own orphanage to help needy children to achieve their dreams and feel the love they miss from their parents.
My Business
I am a hair dressing and beauty therapist.I make good hair,manicure,pedicure,nail art,blow dry,plaiting and air treatment.I have so many customers especially from my neighborhood because my service is good and relatively affordable as compared to my competitors.
My business costs are as follows:-I pay rent $35 per month for my business premises,$125 i pay wages per month and $200 is the business running cost.My profit ranges from $100 to $250 a month depending on season.
The profit i get i support myself,my old grandmother,reinvest in my business and some little amount i save as i plan for more and different business venture in future.
Loan Proposal
Dear lender it’s my pleasure to come again for your contribution, now I come asking for your support again. This is my well planed budget for this loan.
$250 I will use to add another new blowdry for my salon. Currently I have large number of customers with blow dry service demand. This will help me increase my profit by 30% and also create a new employment to young ladies who are helping me with the salon work. So lending me will mean you will be supporting many lives.
$150 use to buy electric hair dryer so that I will not send my customers to a nearby salon hence will help me increase my profit too. $100 I will buy flat iron and tanging machine so as to enable me provide full service to my customers.
$200 I will buy braids,weaves,treatment,chemicals and hairfood.This will enable lock all the service within my salon hence generating more income a day. May you kindly support my bid, thank you all in advance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$456.00
Date disbursed
Apr 13, 2015
Repayment status
Late
Projected term
63 months
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