Inventory for my salon and save towards nursing degree
Nsoh
Berekum, Ghana
100% repaid
Entrepreneur
Name
Nsoh
Member since
February 2015
On-time repayments
140 installments • 20%
About Me
I am Elizabeth Nsoh. I had my basic education at Berekum Demonstration Primary and Junior High School at Berekum. I furthered my education at Berekum Senior High from 2010 to 2013. I am 22 years old.
I had an admission to pursue nursing in the year 2014, but I could not enroll due the high cost of tertiary education in Ghana, as my late father who would take care of me as a teacher by profession died when I was in my second year of senior high school. However, nursing is my dream profession and I am determined to see that dream come to light. As a result, I work as a hairdresser so that I can save to pursue my nursing degree or, better still, a diploma in nursing. While in school, I used to work with my sister, who is a hairdresser, during vacation and that's how I learnt my hairdressing.
To succeed in business requires a balance of many skills. Business school gives you the education that you need if you want to succeed in building a successful salon business with all the challenges that entails. First you must recognise that the skills that made you a successful hairdresser have little or nothing to do with the skills required to build and manage a business.
The day I opened the business, my job description changed dramatically to include the responsibility for marketing, training, financial control, stock control, budgeting, recruitment, motivating, and leading a team, and that's just my start.
Ghana is land of peace with a populace of mixed tribes and cultures, and it is also known for its hospitability worldwide.
My hobbies are reading novels, helping people, music, and watching football and movies.
My Business
I make all kinds of hairstyles in my community and, at times, work from the house since I have my regular customers. My business is so profitable because I work on my customers well and they appreciate it: I keep on adding more customers each day. I am perfect in my work and have got experience.
My success now is not dependent on doing all the work, but rather how well I can get other people to do the work. That's what I do: I grow people into a team that represents my brand! That can be exciting and rewarding, but it can also be challenging and frustrating. Business school is about understanding and refining that process by developing skills as a leader and manager. That is all I do. A happier, more loyal team for me means a better profit margin, working fewer hours, and having more holiday, to be more focused, and organized, and to have less stress, more growth and general success.
My services are useful or in demand for the following reasons:
- Women are very particular about their hair because it makes them attractive, sexy and confident.
- Hairdressing is the kind of job that is not limited by any seasonal changes. It's always at peak.
My shop is between two tertiary schools and these are classes of women who always want to look good. They are always trying new hairstyles to see how good it looks on them and how attractive they are. Women always want to look good and classy and that means making more money.
My business booms alright, but as a beginner I faced some challenges. However, I have carved a niche for myself as a good hairstylist, hence the demand for my service is so high.
I will use some of profits to pay light and water bills, reinvest some back into the business, and save most towards my education.
I need to expand my shop so I can have a reception room for my waiting customers to be attended to. My typical cost is $300 overhead cost, about $100 for the water and light bill, $50 for transportation, and other charges totaling $20. My revenue is about $1,000 a month, so my net profit is about $500 a month, $200 of which is reinvested into the business with $300 saved towards my nursing degree.
I am also challenged with hair drier machine. I currently have one and that makes me not able to attend to customers as early as possible. I am therefore pleading to the Zidisha team to come with some loans so I can work and save towards my education.
REPAYMENT
I will be able to pay back my loan from the profits I make everyday from work.
Loan Proposal
Dear lenders,
Thank you very much for the first loan. I Underestimated the power of loan until I received this loan from you and the impact it had in my life and business is marvelous. I am therefore pleading to you to come to my aid once again.
This loan when honoured will be used to buy additional standing hair dryer as my customer based has increased and get me assorted materials that I lack in my beauty salon. These are nail art accessories, combs, and hair food chemicals.
Standing hair dryer =$133
Nail art and accessories = $40
Combs=$14
Total=$187
This would increase my profit by 40% and I will be able to save towards my school so that I can give back to society, Good health.
About Me
I am Elizabeth Nsoh . i had my basic education at berekum demonstration primary and junior high school at berekum. I furthered at berekum senior high in the year 2010 to 2013.
I am 22 years.
I had an admission to pursue nursing in the year 2014 but i could not enroll due the high cost of tertiary education in Ghana as my late father who would take care of me as a teacher by profession died when i was in my second year Senior high school. However, nursing is my dream profession and i am determined to see that dream come to light. Growing up as a child and now as young adult, i had always empathised with the sick and felt i could and wanted to help facilitate the healing process of the sick. As a result i work as a hair dresser, as my entire family is blessed with the gift of making people feel and look good. This will make me be able to save to pursue my nursing degree or better still diploma in nursing.
Whiles in school i used to work with my sister who is a Hair Dresser during vacation and that's how i learnt my hair dressing.
Ghana is land of peace with a populace of mixed tribe and culture and also known for its hospitability worldwide.
My hobbies are reading novels, helping people,music,and enjoy watching football and movie.
My Business
I work as a hair dresser, as my entire family is blessed with the gift of making people feel and look good. This will make me be able to save to pursue my nursing degree or better still diploma in nursing.
I make all kinds of hair styles in my community and at times work from the house since i have my regular customers. I also have in stock beauty enhancing products like perfume and comestics in the salon. I make reasonable profits from this job because i work on my customers well and they appreciate it thereby increasing my customer base as i get more referrals.
I am perfect in my work and have got experience.
My services are useful or in demand for the following reasons:
Women are much particular about their hair because it makes them attractive, sexy and confident.
Hairdressing is the kind of job which is not limited by any seasonal changes. It's always at peak.
This might sound ineresting but quite true,every woman has the notion that in order to have your husband or boyfriend always around you need to make sure your have the kind of hair do that attracts your man so he doesn't go out chasing another just because of a hair do.
Again, my shop is in between two tertiary schools and these are class of women who always want to look good. They are always trying new hair style to see how good it looks on them and how good,attractive and sexy they are.
I have carved a niche for myself as a good hair stylist and hence the demand for my service so high.
I chose this business because i saw it as business which is not limited by any seasonal changes in weather.
I used some of the profits to pay light and water bills, reinvest some back into the business and save most towards my education.
My business booms alright but as beginner i faced some challenges.
I need to expand my shop so i can have a reception room for my customers waiting be attended to.
My typical cost is $300 overhead cost, about $100 into water and light bill, $50 transportation other charges $20. I make revenue of about $1000 a month. So my net profit is about $500 a month which $200 is reinvested to the business and $300 saved towards my nursing degree.
I am challenged with hair drier machine. I currently have one and that makes me not able to attend to customers as early as possible.
I am therefore pleading to zidisha team to come my aid with some loans so i can work and save towards my education.
REPAYMENT
I will be able to pay back my loan from the profits i make everyday from work
Loan Proposal
Dear lenders,
Thank you very much for the first loan. I Underestimated the power of loan until I received this loan from you and the impact it had in my life and business is marvelous. I am therefore pleading to you to come to my aid once again.
This loan when honoured will be used to buy additional standing hair dryer as my customer based has increased and get me assorted materials that I lack in my beauty salon. These are nail art accessories, combs, and hair food chemicals.
Standing hair dryer =$133
Nail art and accessories = $40
Combs=$14
Total=$187
This would increase my profit by 40% and I will be able to save towards my school so that I can give back to society, Good health.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
May 1, 2015
Repayment status
On Time
Projected term
4 months
Other loans
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Newport, United States
Leiderdorp, Netherlands
San Francisco, CA, United States
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United Kingdom
Spain
Costa Rica
United States
United States
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Summary
Amount repaid
$184.75
Amount remaining
$0.00
Date repaid
Jul 22, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 10, 2015 | $14.00 | May 10, 2015 | $14.00 |
| May 17, 2015 | $14.00 | May 16, 2015 | $14.00 |
| May 24, 2015 | $14.00 | May 16, 2015 | $0.50 |
| May 23, 2015 | $13.50 | ||
| May 31, 2015 | $0.50 | May 23, 2015 | $0.50 |
| Jun 7, 2015 | $25.00 | May 30, 2015 | $25.00 |
| Jun 14, 2015 | $25.00 | Jun 6, 2015 | $25.00 |
| Jun 21, 2015 | $25.00 | Jun 14, 2015 | $25.00 |
| Jun 28, 2015 | $5.00 | Jun 21, 2015 | $5.00 |
| Jul 5, 2015 | $5.00 | Jun 27, 2015 | $5.00 |
| Jul 12, 2015 | $5.00 | Jul 5, 2015 | $5.00 |
| Jul 19, 2015 | $5.00 | Jul 18, 2015 | $5.00 |
| Jul 26, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Aug 2, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Aug 9, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Aug 16, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Aug 23, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Aug 30, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Sep 6, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Sep 13, 2015 | $5.00 | Jul 22, 2015 | $5.00 |
| Sep 20, 2015 | $7.25 | Jul 22, 2015 | $7.25 |
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