Buying stock of beauty products to resell
Scholastica
Nairobi, Kenya
99% repaid
Entrepreneur
Name
Scholastica
Member since
June 2015
On-time repayments
389 installments • 100%
About Me
I am a 30 year Old Born in Meru. I schooled for both my primary and secondary education in Meru and later joined Mt. Kenya University in Thika Town where i did Diploma in Community Development and Social Work graduating in 2013. My family were not in formal employment in fact they were struggling to bring us up and seeing all they went through to provide for us and make sure we went to school i promised to give it my best and make sure i do well in my education. After my graduation i moved in with my boyfriend who in September 2014 gave me about $200 to start a business since getting employment was not easy. I invested the whole amount in second hand cloths and beauty shop and i am now happy trying to grow my business. We are blessed with two children a girl who is 9 years and a boy who is about 4 years now.
My Business
Since i was young i liked being neat and while in school i would always look for unique items to put on. It was from this and after sharing my idea with my boyfriend, now my husband who had also noticed my liking for beauty products that he decided to fund me with about $200 to start a beauty shop. I started small where i bought some few beauty products combined with ladies second had clothes. Due to my commitment and passion for this line of business it has been growing at a commendable pace. My customers like me and my husband also likes visiting my shop because he say he finds me funny selling and negotiating prices with my customers.
Loan Proposal
I am intending to boost my stock of beauty products and second hand clothing. I will use $50 to bring in more beauty products and the remainder to purchase a bale of second hand clothing. My projection is to grow the business by about another 5% by the in the next three months.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Aug 20, 2015
Repayment status
On Time
Projected term
2 months
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Summary
Amount repaid
$99.50
Amount remaining
$0.00
Date repaid
Oct 27, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 30, 2015 | $2.00 | Aug 30, 2015 | $2.00 |
| Sep 6, 2015 | $2.00 | Sep 6, 2015 | $2.00 |
| Sep 13, 2015 | $2.00 | Sep 13, 2015 | $2.00 |
| Sep 20, 2015 | $5.00 | Sep 19, 2015 | $5.00 |
| Sep 27, 2015 | $10.00 | Sep 26, 2015 | $10.00 |
| Oct 4, 2015 | $10.00 | Oct 4, 2015 | $10.00 |
| Oct 11, 2015 | $10.00 | Oct 9, 2015 | $10.00 |
| Oct 18, 2015 | $19.50 | Oct 17, 2015 | $19.50 |
| Oct 25, 2015 | $19.50 | Oct 24, 2015 | $19.50 |
| Nov 1, 2015 | $19.50 | Oct 27, 2015 | $19.50 |
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