Improving my m-pesa and saloon services

Entrepreneur

About Me

Am the second born in the family of five,was born in Kisii county where i started my schooling in Nursery graduated and joined class one in 1998. Until 2005 where i graduated with a certificate in primary education and further proceeded to Kenyatta university to pursue a bachelors degree in education.
my life has been so hard since i try to synchronize my studies and business so that i can earn a living to keep me going and also to get a certificate in my degree.I started working as a casual laborer during holidays in a construction company where the small amount i was being payed i started saving for i had the idea to start a business that could help me survive so i saved few coins for almost six months i opened a saloon then integrated later to open an m-pesa shop,from where i come from people invest so much in subsistence farming .at my leisure time i like playing hockey and reading inspirational books.

My Business

I run an M-pesa shop where i sell scratch cards,sim cards and mobile accessories,i also make deposits and withdrawals for customers who need to withdraw cash from there M-pesa accounts and deposit for those who want to send money to friends and relatives,and also a saloon for women beauty where i sell cosmetics. These services are essential to the public since they ought to be basic in away in that people need scratch cards in order to communicate with friends,relatives and business associates and on the other hand the saloon help the women to be neat and admirable because the maids ensures that they are neatly hair dressed,i chose the type of business because of the starting capital was minimal and the demand by the public was high,i get roughly 300 shillings from my saloon and roughly 8000 from the M-pesa monthly i mostly use the profits realized to improve my business,pay rent and other bills such as electricity bills.

Loan Proposal

I wish to expand my business to ensure that it serves a wider area ,this will be done by bringing all the good needed in the M-pesa such as scratch cards,mobile phone accessories and sim cards so that my customers will not suffer from the lack of those services in the area and on the other hand i will ensure also my saloon am lacking a drier so i will buy one for my customers,this services will cost almost $100.
I am so optimistic that this expansion will increase my customers leading to an increase in profit and therefore i will increase my returns,also on the other hand my customers will enjoy the services a lot.as i get the loan i expect my business profit to rise by 50% .

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