Inventory of braiding hair for my salon

Martha

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Martha

Member since

February 2015

On-time repayments

181 installments  •  69%

About Me

My mum owned a salon when i was young and anytime she went to work i could either accompany her or after leaving school i had to drop by her work place before we could all go home together.Anytime a client would come with unkempt hair after several hours after my mum work on it the outcome was always awesome.I grew with the interest of one day becoming a great stylist with a state of art salon and also owning a depot whereby i will be supplying all types of hair and cosmetic stuff.

After finishing college in hairdressing i started hunting for a job in Nairobi.It was hectic since most employers didn't want to pay a monthly income and they opted to pay me commission.It wasn't a smooth ride since the city was expensive and sometimes i could not get my hands to work due to scarcity of clients and also we were many in the salon and that means that day i couldn't earn my commission.I really prayed hard for God to open a way for me since i was really in a bad state.

In 2011 i landed in a salon where my boss loved my work and fully entrusted me with her salon.Anytime she was a way i acted as a manager.It came a time when she got green pastures and wanted to sell off the salon.Since we had created a friendship and didn't want me to suffer she recommended me to take over the place and could be paying her on a monthly basis until i clear the balance.And that's how i came about to owning a salon with equipments after repaying her after two years.

My Business

My source of income comes from providing my services of hairdressing and also i pick hairs in bulk from a wholesale cosmetic at a cheaper price and use it on my clients who pays the standard price of retail.Therefore from a client i benefit in both ways.My services include braiding,weaving, manicure, pedicure and also i do dreads.

The services are greatly in demand since the place my salon is situated most people are working class and always want to look neat when going to work and also their children anytime they go to school i make their hair.

I choose this kind of business since it has always been my passion since i was young and also i have my livelihood catered for.

My typical costs include paying rent for the premises and also buying certain hair oils.My revenue comes from the services i stated earlier and also anytime i source hair from the whole sale cosmetics i come over and sell to my client at a retail price.

I use my profits for reinvesting in my business and also home improvements.

Loan Proposal

When i get funded i will use the loan to purchase braiding hair called Abuja @ $0.44.From $38 i will be able to purchase 86 pieces.This will benefit the client since i will make her hair neatly with the Abuja braids and also i will earn some good profit since i will resale one at $0.71.

Anytime i use on a client the minimum to have the hair complete i must use 4pieces.That means any person purchasing will be buying a minimum of 4pieces.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 10, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

N

nanax005

SALEM, United States

dmirpuri

Bangkok, Thailand

MW

Matt Willis

United States

Daniel

Berlin, Germany

The Bayiates Family

Chicago, IL, United States

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