Entrepreneur
Name
Florence Wanjiru
Member since
March 2014
On-time repayments
343 installments • 37%
About Me
I am Florence Wanjiru, I am a university graduate. I hail from Kenya in a family of seven members. I am a humble person, God fearing, hardworking and a responsible person. I believe that success comes from hard work and determination. My determination has enabled me venture in a cosmetic shop. During my free time I like to do charity work in hospitals and within the community where I live. I believe that in business you have to take risks in order to succeed. As a woman I know there is no limitation to what I can achieve with my capabilities provided I am determined.
My Business
Hi lenders,
Thanks alot for the Second loan.I purchased my stock and used the proceeds to repay the loan.
As a woman I have always had a passion for beauty. This encouraged me to open a cosmetic shop in my neighbourhood where I sell beauty products like hair pieces different types of body lotions, hair combs and clips among others. My knowledge in these products enables me to have the latest beauty products of high quality than my competitors. My knowledge in beauty therapy enables me to advise my customers on the best products that suit their needs. This has ensured their royalty. Currently the demand for my products has increased even though am faced with financial constraints to ensure steady and timely supply of goods. The loan will be used to purchase more inventory to ensure I meet the increasing demand. Currently I can manage sales of about ksh 30,000 a week which leaves me with a profit of around ksh 6,500. The business profits will be used to cater for the loan plus the income I get from my part time job as clerk in a neighbouring college.
Project Proposal
The amount raised will be used to add more stock to the business. this will help in expanding the sales base hence more revenue from the business
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Project Info
Project Type
Pay It Forward
Disbursed amount
$14.56
Date disbursed
Jan 29, 2022
Cost to entrepreneur
Service fee: $0.64
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