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.
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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
United States
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