Entrepreneur
Name
Emmanuel
Member since
April 2013
On-time repayments
81 installments • 14%
About Me
I live in Nakuru, Free area estate. I started my business back in 2009 and the reason why I started the business is because I needed some extra income and my wife has a passion for hair dressing so I went to Equity Bank and applied for a loan that enabled me started a salon that deals with plaiting, Blow drying, dyeing and weaving.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.
My Business
I operate a saloon business, located at Baraka estate Lanet. From Nakuru Town you board Umoja two Baraka matatus and alight at Baraka the salon is located at the stage. The name of the salon is creative salon. I started this business because of the high demand that is created by high population which is made of young women and girls. I offer; blow-drying, weaving, plaiting, our customers have been demanding manicure, pedicure. Facial therapy, hair treatment and braids but I have been unable to provide the service due to inadequate additional capital. My customers prefer by business other than my competitors due to the high quality of services and expertise which my competitors don’t offer. This has enabled me to maintain high number of customers. Its my great desire to expand my business to meet the demands of my customers once I get the additional capital. I have been operating the business for four years and I have been able to acquire a small plot of land from the revenue I have been getting.
I make approximately 50,000 ksh a month and incur total expense of 20,000 ksh inclusive rent is 4,000 labour 10,000, electricity 2,000 water 1,500 council fee is 7,000 per year.
Loan Proposal
Thanks to lenders for giving me my first zidisha loan, I will use the cash loaned to me as additional capital to my business I will use some of it to buy a hair blow dryer and I will invest the rest in some cosmetic products and accessories to enhance the efficiency and quality of my services at my salon, Creative Salon. The cosmetic products that I will invest in include nail/cuticle Implements, toe separators, foot/callus files, mixing and manicure bowls, and sterilization accessories. I would also like to buy some false eyelashes. In so doing I know that I will have started taking Creative Saloon to a whole new level as I gear up toward making it a first class salon with a cosmetic in the near future.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
May 1, 2013
Repayment status
On Time
Projected term
13 months
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