Loan to upgrade beauty parlor

Entrepreneur

About Me

Hello i am kennedy Otieno,twenty two years of age,born and brought up in kogello village in siaya county kenya.from a family of six siblings i am born second.i went to kogello primary school where i did my kcpe certificate and late joined obama high school where i did my kcse certificate then late joined kenya technical university where i studied and graduated in electrical and electronic engeneering.
currently i reside at ruiru next thome primary school.
life is a risk and success comes by risking and this has made me go for whatever good i crave for in life.
from school i applied and joined seerah construction and repairs company where i worked as an electrian then later i resigned and join Friver electrical company since they offered me a good salary than the previous company.due to great passion for beauty work, i resigned from the job and with my savings from the electrical job i started a business.
i am single, and during my free time i work as vocalist in different bands and as songwriter too,a part from being talented in music, i play drums to.am a driver and a video script writer by talent .thank you

My Business

my business premise is Remboz beauty parlor, situated in ruiru town.it operates in hours from six am to eight pm evening.
i started the job with saving from past job,a capital of sixty thousand shillings kenya money.and i used it to buy machines, sits,cosmetics and furnishing the premise.
i had great passion for beaty job hence it drive me and helped me learn it faster through internet.every service took me a day or two to perfect the skills and from then commenced the job. i have employed to other people ,thats a barber and a hairdresser,i personally do the job. out of 40% of the total profit ii pay my workers.
we offer shaving ,pedicure,manicure,facial services, tweezing and threading and dreadlocking .i have hope in the business and there i see a great future in. with much capital i look forward to opening other branches in different towns in the country. we charge 100 shillings for shaving 300 for pedicure and manicure,2000 for dreadlocks,100 for tweezing. i use my profit for reinvestments.thank you.

Loan Proposal

hello, am kennedy Otieno, requesting for loan to boost my business to make to more better to increase my profit margin.
the loan am requesting for i will use to buy more equipments for my barbershop in order to meet the high demand in my shop given by my high rising client number daily.I intend to buy two more shaving sits costing 83 dollars each and two more shaving machines costing 59 dollars each.
by buying more sits it will provide much room for efficient work and it help much that clients wont wait much to be served.this will also provide job for two more barbers.
Currently , my profit margin per day is 3000 and intend it to rise to 5000 per day after paying all my daily bills and workers.

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