Loan to stock my shop

Florence

Nairobi, Kenya

25% repaid

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How it Works

Entrepreneur

Name

Florence

Member since

July 2015

On-time repayments

264 installments • 41%

About Me

I was raised in rural Kenya, but after completing my high school, i came to the city where i did a course in hairdressing. I was employed in a salon in Nairobi where i worked for a year. Saved some money which i used to buy a drier, and a blow drier and started my own small salon. I have done this business for four years now.
I like this business because Nairobi is highly populated and most women like being smart, so they come to salon every day. I like this business because it does not involve a lot of things.
Its from this business that i get money to feed my and educate my kid, who i want to give good education so that she can get a good job when she grows up, she wants to be a dentist

My Business

My business is majorly salon business, i do hairdressing. I ran a small a small salon in the suburb of Nairobi city. I usually attend to approximately 15 customers a week, from whom i make almost 1500 shillings, which i use to pay rent and electricity bills.
I equally sell cosmetics , though not in large scale. Sometimes when i have a lot of week, i employ someone to assist me.
Its a nice business because i have the freedom, i am my own boss, though its so challenging, sometimes during the weekend, i have to work til late coz there are many customers

Loan Proposal

I need to stock my shop to avoid the stress of having to go to town every weekend to replenish my stock. Most of the things that i sell are fast moving such as weaves and braids.
I also need stock makeups, and hair oils.
Moreover my drier has spoiled i need to service it.
Budget- weaves and braids-300 dollars
Hair oils - 100 dolllars
Drier repair and servicing - 50 dollars
other beautty products such as make up, hair combs, nail polishes, etc- 100 dollars