Loan to buy hair, shampoo, and chemicals for my beauty shop
David
Ongata Rongai, Kenya
100% repaid
Entrepreneur
Name
David
Member since
February 2016
On-time repayments
45 installments • 76%
About Me
Thank you very much for this golden opportunity.
First i was born and brought up in up country. I am a first born of three. My parents practice mixed farming in addition to cash crop like tea and coffee.
I was taken to school and went through primary and secondary education before joining a technical college level where I studied Hair dressing and beauty. I as young and energetic man, i knew that by tapping in an area that is largely dominated by women will make me stand out of multitude and excel well. My parents helped me to go to the course and I was busy working and employed in salons and beauty parlor. I gathered enough experience while saving money and later on left the employment and started selling beauty products since they fetch me smart cash compared to having a salon. This is how i came to start my own business of Beauty shop. What is unique about the land I live is that people appreciate effort made by other people. My children would like to be well brought up, feed well and get better education and skills to be entrepreneurs in future. My unique hobby is helping the unfortunate and visiting the children homes besides watching football. I am an ardent fan of Arsenal England team.
Thank you.
My Business
My business is a beauty shop. I sell products like hair,Gel,lipsticks,oil,hair chemicals,powder,diapers,cutex,Shampoos,hair bands, face colors and many more others.
These products are always on high demand as they are commonly used by women for beauty and make ups.Also they are used by children like diapers and special baby body oil.
I choose this business simply because i love the business make good profit out of it besides being a profession. My typical costs are cost of buying all the necessary and most important products that are on high demand. This also includes the cost of electricity, rent and transport. Most of my profit i reinvest while paying the bills take some for personal use and help my parents back home.
Thank you.
Loan Proposal
First of all I will be able to buy the fast moving products.
I will buy Hair at $20.00; also in the list will be Shampoo and chemicals at $15.00 and $22.00.
These products will be added to the stock I have to ensure that my customers don’t find a product out of stock. This will make me retain my customers by making almost every product available whenever the need them. On the other side i will make a good profit from the current $30.00 to 450.00 per day. This will be a great improvement towards achieving my dream goals of making my business a wholesale in future.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Mar 1, 2016
Repayment status
On Time
Projected term
7 months
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