Buying cosmetics and beauty products

Caroline

Mlolongo, Kenya

43% repaid

Entrepreneur

Name

Caroline

Member since

January 2018

On-time repayments

6 installments  •  33%

About Me

My name is Caroline wambui, a single mother and a business entrepreneur. Am a graduate from mount Kenya University with a bachelors degree in businesses administration and leadership. Born and raised in a family of five. I have worked as a manager in a private transport company until the end of last year. I have also been going online business of supplying women products and beauty. Since an passionate about doing business i quieted employment last year. I started my business at mlolongo after registering it with all relevant authorities. I aspire to be a great entrepreneur in the country that's why employment is not my passion. I chose this area because is a long highway. Near the Standard gauge railway station for my future importation clearance of my imported goods.

My Business

I provide beaut and cosmetic which are currently in a very high demand in the country.The product are easy available in the market and the cost of transportation is low. I draw my income from my savings and sales of products. Currently my business is at preliminary stage in mlolongo since i started it this year, but my online businesses is now one year old. I started it when i was still employed. My estimated in come is around 1500USSD.my income generated from the sales will be used to increase the capital share.

Loan Proposal

The amount will be used to purchase stock of various cosmetic and beauty products.
For example
Lipsticks-10dozen @ ksh 600*10=600
Perfume - 5 different flavours of each 12pieces@75*12*5=4500
Male belts 4 different colours lether of each 24 piece @ 100*4*24=9600.
Earing 20 different size n design of each 24 pairs @20*24*20=9600.
Make up, facial treatments @250 per set 20pieces@20*250=5000.necles @4500.
Artificial nails @1500.Total amount is ksh., 34700.which is equivalent to USSD 350.This are most required items and they will increase my sales. Beauty products make a profit of 30% of the buying price, therefore i approximate my profits to increase by the same magine

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$19.00

Date disbursed

Mar 27, 2018

Repayment status

Late

Projected term

2 months

Other loans

Lenders

MarktheMormon

Sandy, Utah, United States

rob baird

Darwin Australia, Australia

RM

Roddy Murray

United Kingdom

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