Entrepreneur

About Me

i was born in a family of six four girls end two boys,my parents live in kiambu,I live in kayole naivasha kenya.I have a salon in kayole by the name Faizel Beauty Palour .I Hold a certified certificate in Hairdressing and Beaty.the business is the one that Keeps me going.my daily bread is got from my salon and I feed my family from the business.I am a single mother of three girls one in high school, one in primary school and the other is 8 months old.I am currently building my house which is under construction and the business helps me in doing that.the House is a two bed-roomed with a kitchen and a dinning room.I educate my girls from my salon and If I get the loan I would expand the Beauty palour to something Bigger and productive.I will get enough stock for the same and increase my income thus will be able to finish my projects and educate my girls better.

My Business

in my home place its about 500meters walk on the right hand side of a school called fahari Junior academy. in this area we have different kinds of salons where the owners employ unqualified employees and the area is highly populated since it is a village next to town where people prefer to stay in this estates other than renting houses in town thus the competition being stiff mine remain outstanding because, I am a qualified and certified individual in my career of hair dressing and beauty therapy.
My customers prefer my business because I have come up with a good standard of my business by offering professional services to both hairdressing customers and beauty customers.
The most risk that affects my business is the electricity black out because my customers have to wait for long hours before the electricity resumes but I expect to purchase a power backup system or a generator to assist me to lender full services without any interruption.
My monthly costs in the business are:
Premise Rent: ksh10,000
Electricity bill: ksh3,000
Water bill: ksh2,000
Other expenditures: 1,200
Sales revenues sum to around: ksh28,000-ksh30,000
I make profits of around: ksh9,000-ksh12,000 this is after all the deductions including my salary.

Loan Proposal

I am thankful for the first loan and using my second loan, wish to purchase a good stock for my beauty palour, and add my savings to the loan I will receive to buy another drier which will increase my output and customers will be served faster and reduce customers waiting for others to be served.
I am thankful for the first loand and hopping that the loan I applied for will be utiled as I have planned. Thank you zidisha and thank you my lenders.I am going to utilize what I will get.

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