Dresses and braids for my beauty shop and boutique
Samuel
Kitale, Kenya
100% repaid
Entrepreneur
Name
Samuel
Member since
September 2017
On-time repayments
173 installments • 54%
About Me
I have been raised to with hardships from childhood. My father did not have a formal income during our upbringing. I was born in a family of five, two brothers and two sisters.
My parents used to pay just a fraction of my school fees forcing me to have frequent absenteeism from school. It is only by grace that I managed to complete primary school.
I enrolled in a mission day high school. Even in high school i was absent in most of the times due to lack of school fees. I used my part time to work and raise school fees.
I worked for a chain store after graduating from high school. I worked for three years to raise my university fees which I joined in 2014 to study business and economics online.
After graduating in 2016, I started a cosmetics venture with the savings I had made. My cosmetics business is fairing well. However, I want to expand it to create employment for the needy.
I have chosen cosmetics business because it targets ladies. Also, ladies like beauty products so they can provide a good market for my business.
I have employed a single mother to enable her raise her children from the salary she gets from my business. I want to impact on more needy people like her.
Also, I am supporting an orphan with school fees. I would like to empower youth through creating employment for them.
My Business
I sourced the capital for my current business from my past savings. I deal with beauty products and boutique.
These products are always in demand because ladies provide a great market owing to their behavior of going with current fashion.
I raised 130 US $ in my last loan which has helped me to grow my cosmetics business. My budiness is worth 3000 US $.
I need to raise 400US $ to grow my business by increasing stock and generate more profits for my growing demands. Also, I will use the profits to create more employment for the youths.
I currently have190 US$ and intend to raise 210 US$ through Zidisha. I have hired a youth who assist in running my business and she is able to save for her future from the salary that I pay her.
- I will buy braids and weaves because I have realized that they are in demand.
I intend to buy twelve types of hair weaves each two pieces at a cost of 70US $
-I will buy braided artificial hair 400PCs at a cost of 100US$. Braids are always on demand and
therefore I need to stock them well.
- I will spend 20US $ to pay for transportation of that stock.
- will spend 20 US $ to pay for business license.
I expect this loan to boost my business profits by 35%
I wantto help other people in our community develop economically by creating more employment.
To achieve this, I will use profits from my business to enlarge it so that I can create more employment for the youth.
I will also spend Part of my profits to pay for an orphan school fees.
Loan Proposal
I have an assistant in my business; a single mother who can now raise her children with ease thanks to the salary I pay her from my business.
I intend to raise 130US$ to buy my business stock, pay for transport, rent, license and transportation of purchases.
- I will buy 6 dresses each at a cost of 5 US$ each.
-I will buy 5 PCs of weaves at a cost US$ 6 each
- I will buy10pcs of ladies chains at a cost of3 US$ each
- I intend to spend10S$ on transportation of bought stock
- I will spend 10 US$ on business permit.
-I will spend 10$ on business lighting costs.
-I will save the remaining 10 US $ to cater for miscellaneous arising from operation costs.
I am motivated to help other people as a way of giving back to my lenders.
To achieve this, I will use profits from my business to enlarge it so that I can create more employment for the youth.
Also I am supporting an orphan with his education school fees. I intend to spend Part of my profits to pay for this orphan school fees.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$128.00
Date disbursed
Jan 5, 2018
Repayment status
On Time
Projected term
17 months
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Summary
Amount repaid
$128.11
Amount remaining
$0.00
Date repaid
Jun 3, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 17, 2018 | $25.62 | Jan 17, 2018 | $25.62 |
| Jan 24, 2018 | $0.99 | Jan 24, 2018 | $0.99 |
| Jan 31, 2018 | $0.99 | Jan 30, 2018 | $0.99 |
| Feb 7, 2018 | $0.99 | Feb 5, 2018 | $0.99 |
| Feb 14, 2018 | $0.99 | Feb 14, 2018 | $0.99 |
| Feb 21, 2018 | $0.99 | Feb 21, 2018 | $0.99 |
| Feb 28, 2018 | $0.99 | Mar 1, 2018 | $0.99 |
| Mar 7, 2018 | $0.99 | Mar 7, 2018 | $0.99 |
| Mar 14, 2018 | $0.99 | Mar 15, 2018 | $0.99 |
| Mar 21, 2018 | $0.99 | Mar 23, 2018 | $0.99 |
| Mar 28, 2018 | $0.99 | Apr 5, 2018 | $0.99 |
| Apr 4, 2018 | $0.99 | Apr 5, 2018 | $0.99 |
| Apr 11, 2018 | $0.99 | Apr 13, 2018 | $0.99 |
| Apr 18, 2018 | $0.99 | Apr 18, 2018 | $0.99 |
| Apr 25, 2018 | $0.99 | Apr 23, 2018 | $0.99 |
| May 2, 2018 | $0.99 | May 3, 2018 | $0.99 |
| May 9, 2018 | $0.99 | May 16, 2018 | $0.99 |
| May 16, 2018 | $0.99 | May 16, 2018 | $0.99 |
| May 23, 2018 | $0.99 | May 22, 2018 | $0.99 |
| May 30, 2018 | $0.99 | Jun 7, 2018 | $0.99 |
| Jun 6, 2018 | $0.99 | Jun 7, 2018 | $0.99 |
| Jun 13, 2018 | $0.99 | Jun 19, 2018 | $0.99 |
| Jun 20, 2018 | $0.99 | Jun 19, 2018 | $0.99 |
| Jun 27, 2018 | $0.99 | Jul 3, 2018 | $0.99 |
| Jul 4, 2018 | $0.99 | Jul 3, 2018 | $0.99 |
| Jul 11, 2018 | $0.99 | Jul 3, 2018 | $0.99 |
| Jul 18, 2018 | $0.99 | Jul 18, 2018 | $0.99 |
| Jul 25, 2018 | $0.99 | Aug 2, 2018 | $0.99 |
| Aug 1, 2018 | $0.99 | Aug 2, 2018 | $0.99 |
| Aug 8, 2018 | $0.99 | Aug 21, 2018 | $0.99 |
| Aug 15, 2018 | $0.99 | Aug 21, 2018 | $0.99 |
| Aug 22, 2018 | $0.99 | Sep 7, 2018 | $0.99 |
| Aug 29, 2018 | $0.99 | Sep 7, 2018 | $0.99 |
| Sep 5, 2018 | $0.99 | Sep 19, 2018 | $0.99 |
| Sep 12, 2018 | $0.99 | Sep 19, 2018 | $0.99 |
| Sep 19, 2018 | $0.99 | Oct 3, 2018 | $0.99 |
| Sep 26, 2018 | $0.99 | Oct 3, 2018 | $0.99 |
| Oct 3, 2018 | $0.99 | Oct 3, 2018 | $0.99 |
| Oct 10, 2018 | $0.99 | Oct 17, 2018 | $0.99 |
| Oct 17, 2018 | $0.99 | Oct 17, 2018 | $0.99 |
| Oct 24, 2018 | $0.99 | Nov 1, 2018 | $0.99 |
| Oct 31, 2018 | $0.99 | Nov 13, 2018 | $0.99 |
| Nov 7, 2018 | $0.99 | Nov 13, 2018 | $0.99 |
| Nov 14, 2018 | $0.99 | Nov 20, 2018 | $0.99 |
| Nov 21, 2018 | $0.99 | Nov 20, 2018 | $0.99 |
| Nov 28, 2018 | $0.99 | Nov 27, 2018 | $0.99 |
| Dec 5, 2018 | $0.99 | Dec 11, 2018 | $0.99 |
| Dec 12, 2018 | $0.99 | Dec 11, 2018 | $0.99 |
| Dec 19, 2018 | $0.99 | Dec 20, 2018 | $0.99 |
| Dec 26, 2018 | $0.99 | Dec 20, 2018 | $0.99 |
| Jan 2, 2019 | $0.99 | Dec 20, 2018 | $0.99 |
| Jan 9, 2019 | $0.99 | Jan 19, 2019 | $0.99 |
| Jan 16, 2019 | $0.99 | Jan 19, 2019 | $0.99 |
| Jan 23, 2019 | $0.99 | Feb 11, 2019 | $0.99 |
| Jan 30, 2019 | $0.99 | Feb 11, 2019 | $0.99 |
| Feb 6, 2019 | $0.99 | Mar 1, 2019 | $0.99 |
| Feb 13, 2019 | $0.99 | Mar 1, 2019 | $0.99 |
| Feb 20, 2019 | $0.99 | Mar 4, 2019 | $0.99 |
| Feb 27, 2019 | $0.99 | Mar 4, 2019 | $0.99 |
| Mar 6, 2019 | $0.99 | Mar 6, 2019 | $0.99 |
| Mar 13, 2019 | $0.99 | Mar 14, 2019 | $0.99 |
| Mar 20, 2019 | $0.99 | Mar 20, 2019 | $0.99 |
| Mar 27, 2019 | $0.99 | Mar 26, 2019 | $0.99 |
| Apr 3, 2019 | $0.99 | Apr 1, 2019 | $0.99 |
| Apr 10, 2019 | $0.99 | Apr 10, 2019 | $0.99 |
| Apr 17, 2019 | $0.99 | Apr 19, 2019 | $0.99 |
| Apr 24, 2019 | $0.99 | Apr 24, 2019 | $0.99 |
| May 1, 2019 | $0.99 | May 1, 2019 | $0.99 |
| May 8, 2019 | $0.99 | May 8, 2019 | $0.99 |
| May 15, 2019 | $0.99 | May 15, 2019 | $0.99 |
| May 22, 2019 | $0.99 | May 22, 2019 | $0.99 |
| May 29, 2019 | $0.99 | May 28, 2019 | $0.99 |
| Jun 5, 2019 | $32.52 | Jun 3, 2019 | $32.52 |
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