Beauty products to sell at my shop & pay rent for the shop

Bonface Njuguna

Nyeri, Kenya

100% repaid

Entrepreneur

Name

Bonface Njuguna

Member since

August 2017

On-time repayments

126 installments  •  14%

About Me

After completing secondary school in 2000 I was employed in mobile telephone company in the retail marketing department .I resigned in 2008 to try my hand in business. . Today I own a cosmetic business and also live on my own. I also have a wife and one child and support my parents and two siblings who are in school . In future I want to be a big entrepreneur and expand my business by opening more branches.

My Business

I started this business in 2010 because I wanted to be self employed and also improve my standard of living. I sell beauty products and fashion accessories such as body creams ,lotions, women scurves,handbags,hair weaves,blouses,wrist watches, sandles, bangles ,ear rings, chains and necklesses .

The biggest challenge I face is lack of capital for expanding the business. Most of my customers are ladies who want to buy beauty products and fashion accessories .

In future i want to expand my business and have three or five more branches. I am proud about my business because it has improve my standard of living.

Loan Proposal

I will use this loan to expand my business by opening another fashion and beauty shop. I will use ksh 4000 to purchase stock, kshs1500 to rent the new stall and kshs 4000 to pay wages for my assistant who will be selling in the new shop while i take care of the other stall. This loan will expand my business leading to increased revenue and increased profits hence stability. Increase in profits will also lead to increased personal earnings for myself and my family and this will improve my standards of living. I expect to feed my family much better and pay bills on time before i receive warnings

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.64

Date disbursed

Sep 26, 2017

Repayment status

On Time

Projected term

24 months

Cost to entrepreneur

Service fee: $4.22

Credit risk payment: $4.22

Lenders

Jamal Hamou

Cascadia, Canada

PG

Paul Graham

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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