Import jewelry and beauty products from Uganda
Philister
Ugunja, Kenya
36% repaid
Entrepreneur
Name
Philister
Member since
March 2014
On-time repayments
55 installments • 15%
About Me
Am a single mother with five kids I stay in Ugunja District Ambira Division my children three are in high school and two in primary school.We separated with my husband and now i have a great budden to educate my children.I therefore started the bussiness to support the children to go to school.I am a form four leaver I did not manage to get a good grade because of domestic problems in our family.The bussiness I have is cosmetics and boutique and the profits i get from this bussiness help me to pay fees for my children and other domestic needs,this is what i will use to pay my zidisha loan.
My Business
MY BUSSINESS PROPOSAL:
My business is located in Ugunja town.My business deals with cosmetics and boutique.Thus selling ornaments,shoes,handbags,hair chemicals,sprays powders and clothes etc.I purchase my things from Uganda where the prices are cheap and fair.My customers are civil servants from Ugunja District.My customers prefer my bussiness because I bring genuine products and my prices are fair. The profit i make per month is 2,500/= and the profit I make per month is 75,000/= and when the business is low i get around 55,000/= monthly income.My costs are paying rent,licence,restocking the shop and other miscellanous costs.The balance I use to pay my children fees and other domestic uses.My risks are found when my customers are unreliable in paying credit on time sometimes the prices also fluctuate thus a loss to the business.Currently my major problem is to buy hair chemicals as the demand is very high.Most of my customers have ordereed for them,lenders please help me buy this chemicals.
Loan Proposal
I WILL USE THE LOAN TO BUY COSMETICS FROM UGANDA. I WILL ALOCATE THE LOAN TO CATER FOR MY TRANSPORT OF 4000/= TO AND FRO, AND ACCOMODATION OF 1000/=. THE REST WILL BE USED TO PRUCHASE JEWERLY, SYNTHETICS, HAIR CHEMICALS AND OTHER BEAUTY FACILITIES. THROUGH THE PURCHASE I WILL EXPAND THE BUSINESS BY STOCKING MY COSMETIC SHOP. MOST CUSTOMERS WERE ASKING FOR THOSE ITEMS.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 2, 2014
Repayment status
Late
Projected term
13 months
Lenders
Southampton, United Kingdom
Jake Gibson and Beverly Picardo
San Francisco, United States
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