Inventory for my barber shop business

Entrepreneur

About Me

Am a 32 year old Kenyan married to one beautiful wife and I have 2 Children. I was born and raised in Kericho county and I have 4 siblings.I attended Chepkosilen Primary school then later Chepkosilen Secondary school and therafter got an opportunity to join Railway Training Institute in Nairobi Kenya to study Diploma in Business Administration.

Growing up in a village where all the amenities are hard to get was tough and is still tough but luckily my parents tried all their best to put me through to College level which was hard for them especially being small scale farmers.

After My college studies, it was hard securing a job or starting a business since I was not able to raise any capital to start a business. Currently I work as a sales person under a farmers cooperative as an Agrovet sales person with a meager salary that is only able to sustain my family and tithe.

Using my acquired knowledge in Business Administration, I will be able to run well and grow my business.my borrowed loan will enable me start a business, barber shop and a movie shop, which will improve and uplift my livelihood and those around me as I will create employment too to other people. I will locate my business near a university,Kabianga University,because most university students appreciate cleanliness and entertainment too therefore my business will be there to offer the service.The place too doesn't have much competition therefore the returns will be higher and the businesss will pick up fast.

The land where I live in is so unique in that most people around here are athletes and strictly conservative about their cultural practices.Good thing about them is their kind heartedness,always loving and ready to give back to the society.

My children would like to be better persons in life even much more better place than where I am currently as they know my hardships and Would like to provide them a much better life than I had.

My hobbies are reading, especially entrepreneurial articles, hiking,listening to music and Drawing, am talented in drawing and like travelling a lot to appreciate God's creation

My Business

Loan borrowed will be repaid partly by my salary and partly by my barber shop and movies business. I work as a sales person working for an agrovet under farmer cooperative society.
My intended business of a barber shop and a movie shop will be of great demand especially because my business will be located near a University (Kabianga University) where this business is in high demand. Especially this being near an institution whereby entertainment and a barber shop is very much in demand.

Part of profits gained from this business will be ploughed back into the business and the rest will be saved in a savings account intended for future expansion.

Loan Proposal

From my $ 170 I will purchase the following for my barber shop business:

-2 shaving machines @ $80 for shaving 2 customers simultaniously during peak hours
-2 wall mirrors @ $10
-Shampoos 5 litres for washing customers after shaving @ $3
-2 shaving seats @ $40
-1 bench for waiting customers @ $10
-License and permits @ $22
-after-shave creams @ $5

TOTAL $ 170

Acquiring all these necessary things for my business will boost its profitability and comfort of the customer therefore attracting more customers to our shop. Most customers need a barber shop where they feel more comfortable and treated like royalties.
At our barber shop we will be offering exclusive services that other barber shops around here dont offer like washing our customers' heads after shaving.

With our superb services and the prime location of our business,we expect to shave around 20 to 30 customers per day.with each customer paying $ 0.3 ,so for 20 customers that will be $6 daily and $ 180 per month.our projected profits after deducting all the expenses will be $130.

Dear lenders,am so determined to make this dream happen,and with your assistance I know I won't let you down whatsoever. Kindly do fund my barber shop business. Thank you and God bless you all.

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Loan Info

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