New hair drier for my salon

Entrepreneur

About Me

Iam an accountant working as an internal auditor on a full time basis. I currently run a successful salon in my residential area, Kibomet that goes by the name Top Image. I have been inspired by the fact that not so many salons in the area have been successful and want to expand my business by way of purchasing a new drier and diversifying into dealing in synthetic hair. This will be a noble cause as I will be supplying salons in the environs and beyond. This business supplemented my family income for the last three years. Given the level of experience I have gained in the business and my resilience Iam sure I can go far in this business if facilitated.

My Business

My business has been in existence for the last three years. The income from the business has sustained payment of rent for the premise and two salon attendants, electricity bill and inputs such as synthetic hair and hair foods. The only limitation has been the capacity that has been surpassed by demand especially during peak days. This has contributed to customers balking and reneging which is a loss of business income. On average my net take home has been Kshs 5,000 per month. Iam sure that if funded to add another drier and deal in bulk synthetic hair this profit will shoot up. I intended to service the loan through business income, but initially before breaking even through my salary. Iam hopeful that my proposal will be met with approval.

Loan Proposal

I will boost the repayment of balance on newly purchased hair drier. Iam hopeful that with subsequent increments I will be able to diversify to cosmetics and sale of synthetic hair in wholesale.

Feedback

Loan Info

Lenders