Purchase of new beauty products and store renovations for business

Peter

Kiambu, Kenya

8% repaid

Entrepreneur

Name

Peter

Member since

February 2015

On-time repayments

120 installments  •  8%

About Me

Am Peter Mbugua born in 1972 married and a father to four children in githunguri kiambi county. born in a family of 6 i was able to learn in my primary level up to secondary school (O) level education. After completion of my school education , i was not able to continue for further education thus i started selling charcoal in my home area. Later i stated this business of beauty after getting small amount of money that i had raised after selling charcoal and i was able to but some few cosmetics and some hair braids fro the same purpose. The place where i located my business is a rental place just along where i reside and am happy because i have no that much competition for the same business. my family take it very positively and they support me very well.mostly when am free i like swimming as my hobby and reading .

My Business

In my business i do supply original products form wholesale shops and supermarkets where by most of my customer has no complaints on on my products . this product are on demand because about 90 % of women in urban areas has to use these products in dairy basis .i choose this type of business because it have no much competition on the area i located. This business make me to have an amount of ksh 10,000 in monthly basis.i use the amount earned to invest my stock and also my upkeep with my family.

Loan Proposal

In-case i get this fund i will utilize it to buy some cosmetics which are worth worth 33.4 dollars and hair braids worth 29.8 dollars and the rest amount of money i will use to renovate my business building which has some places which are not in stable position amounting 28.8 dollars.this stock will raise my income and i will be able to cater for my big population of of my customers. I expect to have a good profit amounting to 77.8 dollars monthly which will increase from 55.6 dollars which i have been getting in the passed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 12, 2015

Repayment status

Late

Projected term

28 months

Lenders

Kitty

Hailsham, United Kingdom

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

J

jjonas

berlin, Germany

kickerofelves

Sao Paulo, Brazil

K

KnutG

Bergen, Norway

H

Haavard

Bergen, Norway

JulianHF

London, United Kingdom

G

GanSatya

United States

Matching Fund

Sterling, United States

M

microlender

United States

M

meric

Australia

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