Raising cash to buy a new mordan massage chair

Entrepreneur

About Me

My name is wilson. I am married with one kid. My family and i live in Nakuru town at Hehima estate. My wife and i run a salon/barber shop in the nakuru town central business district. We both commute to and from town to estate daily.From monday to saturday, on sundays we attend church, we are also planning to open a small charity organisation in order to help local orphans and less fortunate around my hood.
The business is located in a building called care guest house opposite k-rep bank ground floor rm 21B.
I completed form four level education in the year 2009. I couldn't continue with formal education partly due to lack of finances and partly because i believed my future was in business. I then did a series of casual jobs in town for six months and raised some money that i used to enroll for a six months hair dressing /beautician course at vera beauty college in nakuru town. upon completion i worked in various salons as an employee earning commission.
In the year 2012 November i started my own salon business where i was later joined by a lady Now my wife with whom we still partner to date.
In addition to normal salon/barber duties we also sell beauty products to our customers.

My Business

my business includes a salon and a barbar shop. i also sellbeauty products like shampoos ,hair dyes , chemicals and other. i have two employees who i pay a commission for work done on dailly basis. the following are my monthly expenditures in Kshs: Rent 15,000 , Water and electricity 5,000 and transport 3,000. I earn about KES 2000 daily ( 60,000 in a month) .This translates to a net profit of 35,000 to 45,000.
when i get the loan ,i want yo add more beauty products and ornaments which are on high demand. i expect to raise my income by about 400 shillings daily. with this , i will pay the loan as well as grow my business.

Loan Proposal

My beauty shop comprises hair cut and a salon, recently, my clients requested that i buy a massage chair so that they can enjoy the body therapy and massage services in my shop too.
Locally, the said chair costs USD400, from which i kindly request my lenders to help me raise half of this amount.
I plan to charge USD2 per customer and considering that my shop is located at the center of the town, it will be visible and will attract so many clients. this translates that i will be able to get at least USD 35 per day, with this, i will get profit and set a side my regular repayment premiums.
I kindly request my lenders to support me purchase this chair because it has good returns,
thank you all for the support

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