Purchase of new blow dry for my salon

Entrepreneur

About Me

I grew up in kayole nairobi kenya.life was not easy as a child since we were not well off but the site of my rich neighbors kept reminding me that I can also make it in life.I worked hard in my primary level,passed and joined a good high school and passed too but due to lack of enough cash i would not be able to join, college but currently saving so i can join one day.after high school i joined my pal whose parents had started a salon with her and i would help her with work for a commission and with time and passion I learnt hairdressing without formal education.I continued working with her until I saved enough to start my own small salon.my hobbies include drawing,swimming,reading and watching movies.

My Business

basically i offer hair dressing services and also sale some beauty products.Nairobi being a city,many ladies and even men love looking good and hair is one element of this,ladies change hair styles frequently thus creating a huge demand for the servives.as per now am actually working with an assistant who is a proffessional in this work and yet some customers have to leave some times because we are too busy working on other customers that we dont get enough time.my future plans is to expand the place and have more employees.i spend $333 a month and make a profit of $278 a month in the average basis.I use the profit to carter for my bills and also to save for future expansion and further my education.

Loan Proposal

my current blow dry is not in good working conditions and thus gives me problems and delays my customers and work in general.I f my loan is funded i will use it to buy a new blow dry which will cost $55.This will will increase my profit by at least 10% .this will will improve my living standards and enhance my savings.hope my loan will be funded.thank you.

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