Beauty shop inventory

John

Nairobi, Kenya

40% paid forward

Entrepreneur

Name

John

Member since

April 2015

On-time repayments

203 installments  •  83%

About Me

Growing up at the foot of the Aberdare ranges, my teacher instilled in me a desire to excel in whatever i do all through my education life i have aspired to do this. Even when odds ad obstacles hindered me i pressed on by working hard in whatever job i found myself in enabling me overcome. With increased demands of life a business seemed a good way to start o. However despite failure i pressed on. You can achieve anything as long as you put your mind to it. this is my motto

My Business

Vermiculture and Purchase of Feed making inputs and Equipment
AS enumerated in different researches Agriculture continues to be an essential sector as it offers food, employment opportunities and income to many people both in the urban and rural areas. The sector is divided into more than one subsector namely; livestock sub-sector, crop-subsector, the manufacturing sector, the service sector among others. All these sectors play a pivotal role in ensuring that the agricultural sector continues to grow. The livestock sector, one of the important sectors, improves nutrition by providing households with eggs, meat and creation of employment opportunities. Small scale poultry farming, an essential category in the livestock sub-sector, can provide positive spiral events that will not only improve the nutrition but also lead the rural households out of poverty. Moreover, it can be used to empower women whose integral role in farming households of bearing most of the responsibilities for household food security and income is crucial. Interventions aimed at improving smallholders and especially women capacity to produce poultry places them at a pivotal position to play a great role in meeting food demand.
Main challenge is feed production and utilization
The loan is intended to purchase feed making inputs and equipment. These will be used in starting up a small feed production center combined with training smallholder farmers on the use of insects and worms as important supplements to poultry production as well as the economics of production especially for small livestock such as poultry. The funds will also be used to set up a mini demonstration site on insect rearing to help the farmers learn how to rear the insects for poultry feed and where excess sell to the other poultry farmers.
Revenue comes from training cost, sale of mini-kits for insect rearing and sale of the manufactured feed to smallholder farmers at an affordable price.

Project Proposal

Last year, I established a beauty shop with the aim of generating employment opportunities for my family members and supplementing our daily expenses. While the business has been performing satisfactorily, one challenge we face is maintaining adequate inventory levels. To address this, I am looking to expand our product range by investing in various categories of cosmetics to enhance our offerings and attract more customers. By increasing our stock levels, we anticipate a boost in sales which will directly translate to higher profits. This financial growth will not only enable us to provide better compensation for our employees but also contribute more significantly to supporting our family's needs. Currently, the shop generates a weekly profit of KES 5,000 (approximately USD 40), and with a strategic increase in inventory, we aim to significantly elevate this figure.

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$438.00

Date disbursed

May 15, 2024

Backers

M

MarkAndMary

Seattle, United States

SP

Scott Palmer

branford, United States

Framework Eyewear

Utrecht, Netherlands

Aran Dunlop

United States

James

Irigu-ini, Kenya

L

Lucy

Australia

M

Marama

Australia

Vratik Krocik

Prague, Czech Republic

Haryati

Pematangsiantar, Indonesia

Emmah

Nairobi, Kenya

Amon

Nairobi, Kenya

Richard

Nairobi, Kenya

GF

Gammon Family

United States

Abdul

Mombasa , Kenya

Lucas

Nairobi, Kenya

CG

Chris Greene

Birmingham, AL, United States

Alice

Kisii, Kenya

Samson

Fct, Nigeria

A

Anonymous

Switzerland

M

Marek

United States

O

Onyinye

Nnewi, Nigeria

Panuka

Kitwe, Zambia

Erick

Nairobi, Kenya

Moses

Nakuru, Kenya

Esnart

Choma, Zambia

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