Beauty loan

Entrepreneur

About Me

I grew up in middle income family where by my Dad was working and my mother was a house wife but I could attend school as required. To achieve my goals I usually work hard and I don't give up on my targets. since i have expanded my business to include a posho mill of which at this point its a small scale business because i have just started but as time goes by i will grow the business so that it becomes a large scale. under the same store i also run a business of selling sodas which also looks like its a promising business to run. i hope that within no time the business will grow since that is my dream to the the business so that apart from getting financial security i can also create employment for some people so that they can earn a living too. Every entrepreneur's dream is to run a big business where by he or she can employ as many people as possible and i guess that is what motivates most entrepreneurs and they keep going until they achieve their ambitions of owning an empire of big business and me being one of them that is my main motivation towards the expansion of my business.
Having attended school especially college i think, that gave me a different perspective and attitude to life where by i learned that the most successive people are those people who put their goals straight and also refuse to give up when faced with challenges of all kinds but persists and keeps going finally they emerge victorious. I have also learned that in life apart from working hard you must also be SMART. That is the only way to make it in life. I believe that my business will be a big business in future so that I can make someone to wake up every morning happy simply because he or she can earn a living.

My Business

My business provides beauty products at fair prices and the location is near to universities which ensures enough demand for my products because of large student population. I have also expanded my business where by i run a posho-mill and i sell sodas. This loan can assist me in buying more stock for the soda business where by i can add three to four crates of soda .

Loan Proposal

This loan will assist me in increasing the inventory so that i can have enough inventory in my business. with this amount of money my inventory can reach a secure level where by i wont worry a lot about my my inventory being below the minimum levels. This will also mean that my sales will increase as the inventory increases hence higher profits which i will still retain in the business so as to give my business a momentum to grow. in simple terms when the profits are retained in the business then that business will grow since no money is taken out as profits.
I will also try to cut down costs so that the loan which i receive can have a significant impact in the business. there are various aspects in the business for cutting down the costs and the areas can include cutting down transport costs i.e when transporting the inventory i can go for the cheapest means of transport. also another aspect of cutting down costs is the fact that as per now i have not employed anyone in the business but i am being assisted by family members to run the business. Those are some of the aspects of cutting down costs so that i ensure that this loan makes a significant impact in my business.
There is also other efficiency aspects of the business apart from cutting down of costs. This aspects also includes the marketing part of the business where i have to make sure that my business is known within the locality in which it operates. this also require that i do that with maximum efficiency as possible so that i don't end up using much of the business money in marketing which might lead to losses hence offsetting the benefits of the loan received from Zidisha organization.
I appreciate what Zidisha organization is doing by extending loans at minimum interest to small entrepreneurs. I think that this an effort of empowering people so that they can also earn a living.

Feedback

Loan Info

Lenders