Stock hair weaves & wigs to meet customer demand

Entrepreneur

About Me

I am a 35 year old Kenyan citizen aged who resides in Kisumu city. I was born and brought up in Siaya where I attended school upto college level. My childhood was very modest and was faced with several challenges since my mother was a widow and only did menial/casual jobs to sustain the family. I am a sixth born in a family of eight.Life was very difficult as mum could only afford only one meal per day and most of the times we would go without food at home. I overcame this by excelling in class since my desire was to be the best I could be in all my endeavors.
I started my business as a side hustle beside my job. I began by selling to my colleagues and through word of mouth, I was able to reach to more clients and thus opened a shop.It has since thrived and I have no regrets so far. Where I live people are very warm towards one another including strangers. The people are very receptive and accommodating to everyone around them.
I am a mother to three lovely boys who go to school here in Kisumu. The first born would like to be an architect, second would like to be a doctor while the last born who just turned six years this month would like to be a barber!
My greatest hobby is "DO-IT-YOURSELF" (DIY) and as such I have a lot of innovations I have carried out before through this hobby.

My Business

I sell clothes, accessories and beauty products. I sell both brand new and second hand clothes. I buy the goods in bulk once every week. I chose this line of business because I have a great sense of fashion and people often asked me where I bought my clothes.I also think that people,both men and women, should dress appropriately,be confident in whatever body size /shape, smell good and be generally well groomed. The boutique business is very versatile and dynamic with fashion changing every so often. This therefore means that I have to bring in clothes that are trendy, stylish and suitable for different types of clients. Most of my clients are women who are very stylish and they often tell me that "fashion changes but style doesn't" Some of them say that "Fashion is bough yet class is inborn". So I always have to keep with the pace/ trend.The cost versus revenue vary from time to time and is dependent on factors such as; season of the year, functions,time of the month,available stock etc.but generally it is a profit-making venture. The proceeds I make from the business have enabled me to educate my children as well as my nephews and nieces, build a home for my mother,reinvest in the business and currently I am building my own home here in Kisumu. It has also enabled me to invest in agriculture in my rural home.

Loan Proposal

I would like to buy hair products and accessories especially weaves and wigs to meet the demand that has been created through a salon that has been opened next to my shop and clients often ask for these products and the hairdressers have to walk some distance to be able to buy them.The cost per weave is USD 4.2 which I resell at a cost of USD 5.8 thus a profit of 72%. This would be beneficial to both the clients and myself as I would have expanded my client base and in return my business will have grown. The clients too will have more products to shop for. Moreover, I would like to expand my business upto a point that it is a "one stop shop" for all beauty and hair products.I would also like to venture more in agribusiness and I believe that through Zidisha I will be able to achieve this dream which is currently in the pipeline.

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