Loan to buy photocopy papers

Entrepreneur

About Me

I was born in a family of 18 (polygamous family),schooled in a public primary,excelled but lacked fee for high school,sort well wishers and i was assisted through my high school education. After excelling from high school i applied for government scholarship and it funded my university education. Due to unemployment i opted to open a Salon in a nearby shopping center to at least carter for my needs and even support my siblings.In my locality people do not have business mind sets and therefore more business opportunities are available which not been explored.My sons says he wants to be an Engineer when he grows up. When free, i visit orphanages and the needy in the locality.

My Business

I run a salon which was the best opportunity i spotted since there was no other salon in the same locality,and yet there were many ladies who needed the services.The costs are one time and expensive since they involve high cost equipment.However,the profit margin is attractive.The profit i get goes to home basic needs and also use a portion to support the needy in the society

Loan Proposal

I wish to apply a loan to buy photocopy papers. I acquired a photocopy machine ready to use for the business but a lack the photocopy papers to start. The business is located at a busy place next to the institution of higher learning (university of Nairobi school of business campus) where there is ready market since students photocopy notes and other learning materials. This will be of important since it will generate income for my family and also i will employee an assistant to help in the business thus promoting employment in the society. It is expected that the business will give $350 which is a good amount to repay the loan and also run the business. With time it is also expected that the business will continue improving in terms of revenue. Thanks in advance

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