More equipment to boost my saloon and barber shop

Entrepreneur

About Me

i am the fourth born in a family of seven i have completed my part time studies in moi university studying a bachelor's degree in education-arts.currently am teaching at hillschool eldoret as i wait for my graduation come december this during my free time, i enjoy watching football, movies and taking nature walks. i decided to open a barber shop/salon in 2011 in order to aid myself in paying school fees and at the same time retain some pocket money for myself and support my family. the income from my business pays two employees who run the shop during my absence and because this is my final year in the university, i feel the need to expand my shop and equip it further to accommodate more clients and also create jobs for many youths who need some work to get something to live on.

My Business

on a monthly basis, i make an average of 437dollars, pay a rent of 37dollars, pay my two employees 160dollars in total and an electricity bill of 25dollars. on average, i retain a profit of 120dollars. since i have hired a lady and a gent, i have the advantage of entertaining both male and female clients who come for the haircutting and hair make up services which are always readily available whether on appointments or as a walk-in. i need this loan to help me buy more equipment, shampoos,detergents, towels, aftershave and conditioners. it is my belief that it will be of great help to me as i look forward to expanding my business so as to accomodate many customers

Loan Proposal

Thankyou lenders for giving this credit limit,i will use my first loan to boost my business in that i will use usd67 to buy 10 additional chairs to accomodate ten more customers,usd 47 to buy 2 more driers and 2 hair cutting machines,the remaining amount i will use to buy dinfectants,shampoo,hair oil,hair treatments,hair chemicals and after shaves.thankyou in advance.

Feedback

Loan Info

Lenders