Business loan for stock of beauty products

Scholastica

Nsukka , Nigeria

100% repaid

Entrepreneur

Name

Scholastica

Member since

December 2018

On-time repayments

126 installments  •  79%

About Me

My name is Ama I am a business woman.I started the business as an undergraduate student at the Agbani over the years, I have managed to expand the business. With your support, I hope to continue expanding.

My Business

I deal in Make up kits and other related services.I sell make up/beauty products like; powder, lipsticks, e.t.c. I wish to expand the business, and I hope you would assist me with that.

Loan Proposal

I run a beauty products business. Hence, I plan to infuse the loan money into the business. The money will be used to stock up my shop.

Income Source

Despite the challenges of last year, my business was able to stay afloat. I intend to continue taking advantage of the online and offline mechanisms, such as home deliveries and online sales, which helped my business to thrive even during the difficult time. With the end of lock downs, I am confident that the business will generate enough revenue to Pay up the loan.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$498.00

Date disbursed

Mar 24, 2021

Repayment status

Late

Projected term

7 months

Lenders

Vratik Krocik

Prague, Czech Republic

Paul Buchheit

Mountain View, United States

Roel Vogels

Netherlands

A

Anonymous

United States

B

Barbra

United States

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  • Scholastica    Dec 7, 2023

    Business is slow. Hopefully, I will pay bigger chunks in subsequent payments.

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  • Scholastica    Oct 12, 2023

    Business is slow. I can only make small installment payments at the moment.

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  • Scholastica    Oct 2, 2023

    Business is slow. I will need more time to make small installment payments. Thank you.

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  • Scholastica    Jul 5, 2023

    Business is slow. Installment payment will increase as business gets better.

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  • Scholastica    May 31, 2023

    Business is slow. Payment will increase as business gets better.

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  • Scholastica    Mar 11, 2023

    Business is bad. Things are moving quite slowly. I can't afford to pay the bulk amount at once.

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  • Scholastica    Dec 22, 2022

    Business is slow. More time is needed to pay up. I can only pay up through small installments.

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  • Scholastica    Nov 2, 2022

    Business is very bad. Profits have gone down, with the decrease in value of naira.

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  • Scholastica    Aug 5, 2022

    Most businesses in Nigeria are grounded, mine inclusive. Business is very slow.

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  • Scholastica    Jun 22, 2022

    Business is bad. The economic situation in my country Nigeria, makes it very difficult for SMEs to thrive. Paying large installments will automatically ground my business.

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  • Scholastica    May 1, 2022

    Business is generally slow. Paying small instalments enables me to keep my business afloat.

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  • Scholastica    Mar 3, 2022

    Business is slow...There has been a reduction in sales and cost of purchasing products has doubled.

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  • Scholastica    Feb 7, 2022

    Business is slow. Business and private financial challenges have also increased.

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  • Scholastica    Dec 5, 2021

    Hello. A big thank you to all those who funded my project. I am immensely grateful. I plan to use this money to support my beauty products business. Thanks once again.

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  • Scholastica    Nov 30, 2021

    A big thank you to all those who contributed to my previous loan. Despite how daunting business was, the loan played a crucial role in the survival of my business. Thank you! Thank you! and Thank you.

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  • Scholastica    Sep 8, 2021

    Business is bad.

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  • Scholastica    Jul 11, 2021

    Business is slow.

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  • Scholastica    Jun 1, 2021

    The stated amount above is what I can pay comfortably, because business is slow.

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  • Scholastica    May 4, 2021

    Business is slow.

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  • Scholastica    Mar 27, 2021

    I just need a little time to generate substantial profit from this latest funds input.

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