To buy a blow dryer and 2 chairs for my salon

Entrepreneur

About Me

I am second born out eight siblings, married and with three children aged 12, 10 and and 7 years. Born of peasant farmers in Nyandurua county, Kenya. Due to the humble background of my family, i had challenges going through my education, where i dropped out of school four times before sitting for my KCSE examination. I worked as a help us on weekends and after school to raise money for my school fees. I did my exam and passed with a grade C but could not proceed to college due to lack of college fees. I looked for house help job in a neighboring town where i worked for four year and saved capital for my business. I learned how to take care of hair from my employer, who operated a salon. Through helping her in the salon, i developed interest and decided to open my own. I am working hard to make ends meet and provide a better live for my children. I would wish them to professional in their lines of talent when they grow up. I love socializing and helping less disadvantaged in the community.

My Business

I operate a salon in karuri town where i reside. I plait, blow dry and retouch hair. There are many students and pupils who require plaiting hair as a school rule. There are also many working people who want their hair plaited or treated for easy management. The location of the salon is sub-urban densely populated area and therefore provides a large clientele. My business costs are mainly house rent, electricity and water bills which average to about 100 dollars per month. Business license of 150 dollars per year. Other operating cost are for chemicals, hair pieces, hair oil, combs, rollers which vary with number of clients. I have been reploughing-back 25% of the profit in the business and the rest has been going to school fees and home improvement

Loan Proposal

I will buy a blow dryer worth 20$ and two plastic chairs worth 18$. This will help improve my service to customers which will in turn increase my profits by about 15 dollars per week. With increased profits, I will be able to improve the standard of living for my family.
Looking forward for your continued support. Thank you , God bless you

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Loan Info