182 installments • 82%
My name is Jane Wanja, born in Central region of Kenya. I later went to school in the same area up to secondary school. I later relocated to Mombasa in search of a job. I briefly worked for a fisheries company and later decided to start my own business after attending a short course in hair care.
I am a single mother with two children, a daughter aged 21 years and in college and a son aged 16 who is in secondary school.
I earn my living by running a hair salon that is located in Mombasa town. I am a hard working, resilient, honest and ambitious woman. I survived in the hostile world of business for many years due to the above qualities.
My business deals with hair dressing and related beauty work such as pedicure and manicure.
I also make a sell washing detergents on a small scale to supplement my income.
I make an average net income of about $280 from the business activities. I would like to expand my detergent making department if I get funding.
I normally produce about 20 liters per week of cleaning detergent which is way below the demand of my clients. If I get credit I will be able to buy more raw materials to enable me double the production hence increase my sales and profitability.
My business has experienced tremendous growth ever since I joined Zidisha last year. This has attracted many clients to my beauty salon and some have requested me to take my services closer to them by opening a new branch. This will also ease congestion at my current space which is too small to accommodate the surging crowd.
If loaned, I will spend this money to open a new branch on the other side of town. My budget for this ambitious project is as follows:
1. Rent deposit and lease agreement (a requirement when one is moving into new premises) $300
2. Branding, Renovation and fixtures $250
3. Licence from the local government $150
4. Basic equipment and products to start off the work $100
I will use some equipment in my current salon as I wait for the business to grow.
This will be a major milestone in by business journey as it has potential to double my profit since I intend to open the new branch in a very busy area of the town where success is almost guaranteed.
Mar 16, 2015
Cost to entrepreneur
Service fee: $31.18
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