Salon and cosmetics business
Caroline
Chebole, Kenya
$0 to go
100% funded of $12 goal
0
days left
Entrepreneur
Name
Caroline
Member since
September 2016
On-time repayments
12 installments • 50%
About Me
MY CHILDHOOD AND EDUCATION
I started my education at Chebole Primary of Kipsonoi sub location when I was only 5. My school was approximately 4.5 KM away from our home. I had to trek for about 0ne and half hours barefooted. My parents was mere peasant farmers dealing with mixed farming. I joined Kaplong girls high school after completing my primary education in the year 2005. it was during this time that a business idea struck my mind. My fellow girls had challenge in weaving and plaiting their hair since they were not allowed to go outside till the term ends. My mother who runs salon and a beauty shop had a lot of time teaching me.My village is of red volcanic origin favoring dairy and tea farming. Our children are so much exposed and informed as far as their careers are concerned. Most want to be engineers,architect,pilots and most teachers. My hobby is playing with a key board,swimming and visiting various children homes.
My Business
MY GOODS AND SERVICE
My goods which i will deal with are weaves,artificial hair,beauty necklaces and earrings,under pants,bra and some other under pants,including other beauty products like lotions and beauty oils. These goods are of high demand because of high population of ladies in our neighboring institution(College)neighboring our home. I decided to choose this type of business because of the knowledge i had acquired when i was in school and the passion for beauty business.My typical cost include among others,rent,salary for one assistant to assist me in dealing with my customers as I busied myself in selling beauty products amounting to 200 Dollars per month.My revenue include income from our subsistence farming and two dairy cows and usually total to 150 US dollars monthly.
My profit will goes to school my siblings and to re invest in my business. I have also an idea of buying my own plot in future and start developing so as to build rental houses and increases my income as well.
Loan Proposal
My second loan will help me in renovating my premise,hiring of one assistance and increasing my stock. I will make sure I increase the most demanding goods including among others weaves and hair lotions. Renovations will cost me up to 5 US Dollars and Price of Weaves and lotions will cost me approximately 8 US Dollars together with an assistance which cost me up to about 5 Dollars weekly. This will benefit a lot my business and my entire business fraternity. I will be able to feed my family and my other dependents. I expect my profit to increase quarterly
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Loan Info
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Nov 20, 2016
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
Tromso, Norway, Norway
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