Loan for stock of beauty products and ladies' footwear
Dorcas
Meru, Kenya
100% repaid
Entrepreneur
Name
Dorcas
Member since
November 2016
On-time repayments
93 installments • 68%
About Me
I am from a humble background, was brought up in Meru county. I went to a nearby primary school and later joined Gikumene Girls Secondary a provincial school in Meru.
I grew up developing business interests and ended up doing a business course ( Accounts and Finance) at YMCA college Meru branch. While in college I started my beauty products business. I started selling cosmetics to my class/school mates - hustling pocket money. Meru is a very fertile land which does well in agriculture. When i have capital I sometimes grow vegetables in my parents small farm and have always enjoyed the good harvest.
I don't believe in loosing hope any time I start something, I keep on trying untill i achieve what I intended.
So as to achieve my goals, i like doing team work but I choose my friends wisely ie. Friends who add value in my life.
When am free I like visiting & spending time with less fortunate children (orphans) which i do twice or thrice every year. Its my wish & prayer that one day i will have an organization to help bring up & educate those needy children.
My Business
I sell ladies beuty products e.g sprays, chains, necklaces, earrings, walking slippers, Makeup products etc.
The products are in high demand I.e to my girlfriends, students and many others since girls can't do without them. They always like to be beautiful.
It was the best business I could do in school to get enough pocket money on top of what i received from my parents and up to date I feel its a rewarding business.
I usually get a profit of at least 20% of the cost on every stock. I sometimes experience credit issues but with time I come up with strategies to recover them.
My profits are for expanding my business and meeting my other personal needs. Am working hard to acquire a beauty shop where i will be selling my products from instead of carrying them around and delivering to clients which is a bit tiring and also expensive. Alongside my beauty products project I also do vegetables farming i.e cabbage which is also doing well.
Loan Proposal
Hello, If granted the loan i will use it to buy; 2dozens of necklaces each costing 24dollars totaling to 48 dollars, 4dozens of earrings @ 6dolars each totaling to 24dolars, 1dozen of lipsticks costing 12dollars, 20pairs of ladies walking slippers @ 5dollars each totaling to 100dollars. Total cost of the items will be 184dollars. With that stock am expecting to get not less than 100 dollars as a profit. This will help me raise capital to acquire a beauty shop where i will be selling my stock from rather than selling them door to door. This will save me time, cost and also help my customers to easily locate me at a specific place. Am looking forward for your support. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$536.00
Date disbursed
Feb 4, 2018
Repayment status
On Time
Projected term
16 months
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Margaret Jan 11, 2018
Dorcas Jan 12, 2018
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