Entrepreneur
Name
Rose
Member since
July 2014
On-time repayments
31 installments • 58%
About Me
I am a hardworking single mom, who has been in the business for the last 2 years after being in employment for the last 5 years. I deal in hairdressing and beauty. I am a focused, honest and highly responsible lady with high business principles and professionalism.
Out of past challenges in life, I always endeavor to remain positive and work smart to attain my both short- and long-term life goals. I am open to learning new ideas and using them to my advantage to succeed in my life. My two lovely kids inspire me to be focused and work hard in my business.
Apart from business, I am an ardent volunteer at a children's home, which I occasionally visit to offer free grooming services and motivate the young ones to lead a positive life. The experiences I share with them are drawn from past experiences. I am also a member of investment clubs, locally known as chamaas, that deal with small-scale traders dealing in table banking. This venture helps small entrepreneurs to save the little money they earn.
My Business
My business niche is basically beauty and more, so I deal with hairdressing. I specialize in braiding, weaving, pedicure, manicure and massaging.
On average my daily sales turnover is Ksh 4,500 ($52). My salon is open six days a week. That translates to Kshs 117,000 ($1, 352). My monthly expenses, including rent, service charges, security, salaries, material costs, electricity and water bills, are on average Ksh 85,000 ($988). Thus, I make an average of Ksh 32,000 ($372). With additional capital, I will be able to purchase a dryer that will help my income increase by 15%. This will enable to pay back the loan, earn more cash and expand my business.
My business is quite profitable. I have managed to build a wide customer base that ranges between middle class and high class income earners. Most of my customers are foreigners who work with diplomatic institutions that are based in the capital city of Nairobi.
My strength is derived from my expertise in hairdressing that I have accumulated over the years. This has helped to have a constant customer flow.
My weakness: My finances have not been able to let me expand my business: the area where operate requires a lot of money to get additional space to expand my business.
My opportunities include a wide target market that lives within the Nairobi West Area and has money to spend.
My threats: There are a number of salons that keep emerging within the business center so as to compete for the available large market. With additional capital I will be able to buy more salon equipment and be able to serve my ever-growing clientele better.
Loan Proposal
I intent to buy an additional hair drying machine that costs between 11,000Kshs and 15,000Ksh( $128 and $174). I will add to other two dryers I have. This dryer will give me an additional revenue on the lower side of Ksh. 1,000 that is an average of $11. The dryer will pay back the loan and leave with a comfortable earning.
About Me
I
am hardworking single mom, who has been in the business filed for the
last 2 years after being in employment for the last 5 years. I deal in
hairdressing and beauty. I am a focused, honest and highly responsible
lady with high business principled and professionalism.
Out of past challenges in life I always endeavor to remain positive and
work smart to attain my both short and long term life goals. I am open
to learn new ideas and use them to my advantage to succeed in my life.
My two lovely kids inspires me to be focused and work hard in my
business.
Apart from business I am an ardent volunteer to children's home which I
occasionally visit to do offer free grooming services and motivate the
young-ones to lead a positive life. The experiences I share with them
are drawn from past experiences. I am also a member of investment clubs
locally known as chamaas that deals with small-scale traders dealing in
table banking. These venture helps small entrepreneurs to save the
little money they earn.
My Business
My
Business niche is basically beauty and more so I deal with hair
dressing. I specialize in braiding, weaving, pedicure, manicure and
massaging.
Averagely my daily sales turnover is 4,500(($52)), My saloon is opened
six days a week. That translates to Kshs 117,000($1, 352). My monthly
expenses that includes rent, service charge, security, salaries,
material costs, electricity and water bills is averagely kshs 85,000(
$988). Thus, I make an average of Ksh 32,000 ($372). With an additional
capital I will be able to purchase a dryer that will help my income
increase by 15%. This will enable to pay back the loan, earn more cash
and expand my business.
My business is quite profitable. I have managed to build a wide customer
base that ranges between middle class and high class income earners.
Most of my customers are foreigners who work with diplomatic
institutions that are based in the capital city of Nairobi.
My strength is derived from my expertise in hairdressing that I have
accumulated over the years. This has helped to have a constant customers
flow.
My Weakness: My Finances have not been able to let me expand my
business, the area where operate requires a lot of money to get
additional space to expand my business.
My opportunities include a wide target market that lives within Nairobi
West Area and have money to spend.
My Threats; There are a number of saloons that keeps to emerge within
the business center so as to compete for the available large market.
With additional capital I will be able to buy more saloon equipments and
be able to serve my ever growing clientele better
Loan Proposal
I intent to buy an additional hair drying machine that costs between 11,000Kshs and 15,000Ksh( $128 and $174). I will add to other two dryers I have. This dryer will give me an additional revenue on the lower side of Ksh. 1,000 that is an average of $11. The dryer will pay back the loan and leave with a comfortable earning.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Aug 28, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Hong Kong, Hong Kong
Republic of Korea
Maputo, United States
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