Beauty products to sell at my shop & pay rent for the shop
Bonface
Nyeri, Kenya
100% repaid
Entrepreneur
Name
Bonface
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$101.00
Date disbursed
Sep 26, 2017
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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