Victor came from Venezuela seven years ago and is the owner of Kami Hair Boutique, a beauty salon in Miami. Victor always admired the beauty industry and owning his own business was always something he had aspired to. Victor decided last year that it was the right time to become an entrepreneur and purchased the eight-year-old boutique. While he manages the beauty salon, he also studies Hospitality Management, making him knowledgeable about client services that he can directly relate to his business. Victor’s business also provides jobs to 13 employees.
For Victor, his biggest success as a small business owner has been introducing spa and massage services to the hair salon. At the same time, his biggest challenge has been dealing with the increased amount of competition in the Miami area and the economic downturn that has affected many businesses. Victor is now planning to renovate and revamp his salon. This loan will help him complete three projects he has in mind: to purchase new furniture and equipment, paint the inside of the store and create a marketing campaign to attract new clients.