Entrepreneur

About Me

I am a humble mother of one. I am hard working and love innovation and progressiveness. I live in a developing town and I consider the environment to be quite fit for my entrepreneurial skills. Financial independence is among the most cherished things in my life. I dislike when I have to be a burden to someone. It is due to this fact that I have started various businesses in the past. Currently I run a shop where I sell cosmetics and beauty products. The small business acts as my sole bread-winner and occupation. I have college education in pharmacy and it is my hope that I will soon be able to set up my own pharmacy/chemist. I also dream of advancing my diploma to a bachelors degree or even higher.

My Business

I run a beauty and cosmetics shop. I deal in products such as hair supplements, weaves, wigs, body and hair oils, sprays and lotions, makeup components, soaps and deodorants, necklaces, earrings, wrist watches for ladies, rings, among others. As the only large shop in our, somewhat remote, area, I command the largest part of the market. This has enabled me to earn good profits in the last one financial year. Stock moves fast and I would say that most consumers have built confidence and loyalty in the business. They are reluctant to seek products from other retailers, even when such are out of stock in my shop; they instead opt to wait till I avail them. This has made me proud of what I do. It is the need to expand that makes me request for a loan. I would like to increase stock and better my services by being able to employ at least another one person. I can guarantee that my business is profitable enough to service the loan and I will be thankful for the further milestone you people will have helped me to achieve.

Loan Proposal

I will use the loan awarded to me to purchase more stock for my shop. I will divide the amount into portions for each commodity in the proportionality of their returns. For instance, I will use more to buy hair products than nail products. this is because they move fast and they hence provide quick and good profits. I will be glad for all your help and may all of you be blessed. I pledge to repay the loan accordingly without failure. I am appreciative of all your efforts in helping out SMEs just like mine. Thank you.

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