Cosmetics

Omolola Odumosu

Lagos, Nigeria

100% repaid

Entrepreneur

Name

Omolola Odumosu

Member since

January 2021

On-time repayments

20 installments  •  55%

About Me

I am Omolola, a graduate in entrepreneurship management. I run an organic and cosmetic store in lagos,Nigeria. I have been in the business for over 5years. I trained from one of the best hands in the industry and still learning as no one is an island if knowledge. I intend going for more training before the end of second quarter 2021

My Business

I own a mini superstore and wish to venture into skincare formution. I wish to expand my store, learn more formulation techniques so as to produce more skin and hair care products. I hope to employ more hands so as to ease productions. Improve on labelling and possibly use imported containers so as to move my brand. I wish to make my products go global

Loan Proposal

I wish to use the loan to purchase some of my formulation and organic products for my own production. A normal soap production produces 15 cups but with more funds more cups will be produced

Income Source

I will advertise more on more social media platforms to make my products known and sell more. I am a member of some microfinance and cooperative organisations who collect daily contributions to save on behalf their members upkeep. With these in place, I will be able to conveniently repay mi outstanding loans promptly even before due date

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.90

Date disbursed

Feb 19, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $1.02

Credit risk payment: $3.06

Lenders

Paul Buchheit

Mountain View, United States

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