Add new stocks in my cosmetics and boutique shop
Alex
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Alex
Member since
April 2014
On-time repayments
20 installments • 20%
About Me
My Names are Alex Masese Sogota, 1st born in a family of four, living in Nairobi, Kenya a long Mombasa Road near City cabanas.
I am an accountant by profession. I have been running a cosmetic shop and a boutique in Pipeline, Nairobi since 2011 .
I could like to be loaned to add more stock in my business. Also am am, planning to open a consultancy firm to offer taxation services, financial services,accounting services among others to various client. I hope all this will be achieved through Zidisha family. Thanks
My Business
I have been operating a cosmetic shop and a boutique shops since the year 2011 up to date, whose cost is estimated to be worth 2,055.00 USD. I started this business with 160.00 USD and have worked hard to be where it is today. It has been a long journey but I thank God for being with me all along.
I had a passion for this business because of its high demand in our country and location. I have managed it by introducing unique products in the market which are rarely found in our country and my competitors. Also, I have been selling my product at slightly lower prices than my competitors, aiming at very small profit margin but high sales volume. The business has been well all along. It has been expanding day by day though challenges cannot miss in any business field.
Now, I am focusing to take this business into another level. I could like to open another shop in our location and the other one in the city centre of Nairobi. Also introducing other goods which are not in my stocks list as well as adding the new stocks.
For the past few years, I have been facing financial difficulties in financing this business.
I will be grateful, if there is anybody who will assist me to make my dream come true.
Thanks in advance
Loan Proposal
When i get this loan, it will help me to buy the following: News cosmetics estimated to cost 25 USD, new arrival clothes estimated to cost 25 USD. A deficit of 50 USD for buying new arrival shoes from Ethiopia lady's wear. Though i will not fully done what i needed, to some extent zidisha will have helped me to achieve almost half of my estimated budget.
Through the new stock which i will buy from the Zidisha loan, I will be able to pay back the loan and also raise the deficit which is missing. Through this loan, i am quit sure there will be customer satisfaction, improved quality goods and services to my clients.
Also i will reinvest the return back into the business. I will employ one worker to oversee the business and also to sell.I should be supported because I can't afford single handedly to meet full financial requirements of the cosmetics and new arrival clothes due to the increased costs of these items and paying my worker this is attributed to the high standard of living in my country especially around Nairobi where I run my boutique shop.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Apr 28, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Netherlands
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Sputnik Mar 23, 2018
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