Expanding my spare part

Lydia

Abuakwa Kumasi, Ghana

100% repaid

Entrepreneur

Name

Lydia

Member since

June 2016

On-time repayments

118 installments  •  15%

About Me

I focus on preventative and corrective skin care to help clients with issues that might otherwise require expensive medical procedures (i.e face lifts, Botox, deep peels that cause hyper-pigmentation issues due to an overproduction of melanin, because the peels can be too harsh. etc.) Having lived in Abuakwa for some time, I have learned that there are certain segments of the population, particularly low & middle class African women, that aren't aware these services exist. Along with serving everyone across the area, I hope that my business can expand access to those that need it most.

I have seen the changes in self- esteem and confidence clients exude when the issues they once faced with their skin problems have been solved It is my goal to change lives by helping those in my Area and beyond, to learn and understand their skin conditions and offering solutions for solving their beauty concerns, including hair care, waxing and makeup. It is also, our goal to ensure that each client has a GREAT experience in my industry and that I am not only servicing them, but to ensure lifelong and meaningful kinship.

With your help, this capital of $600 will allow me to reach more customers through additional marketing and advertising, brochures and the cost of photography for graphics. Also,to purchase an opening order for the products that I use of $400 which would also allow me to retail product to increase revenue.

I also need the loan to purchase equipment in order to keep up with the latest trends in skin and hair care in order to stay competitive and on the cutting edge of the industry. I expect that the profit and revenue increase will more than triple due to the use of this loan for purchases of the things needed to be successful. It will allow me to take the necessary steps to grow my business, which I am opening my own facility to educate, train, and introduce more African Beauty Professionals to the skin care industry, which currently is extremely UNDER represented.
The impact this loan will have on my life will enable me to prepare for retirement because I do not have a plan and it would allow me to assist my daughter in her dreams to become an anesthesiologist

My Business

With your help, this capital of $600 will allow me to reach more customers through additional marketing and advertising, brochures and the cost of photography for graphics. Also,to purchase an opening order for the products that I use of $400 which would also allow me to retail product to increase revenue.

I also need the loan to purchase equipment in order to keep up with the latest trends in skin and hair care in order to stay competitive and on the cutting edge of the industry. I expect that the profit and revenue increase will more than triple due to the use of this loan for purchases of the things needed to be successful. It will allow me to take the necessary steps to grow my business, which I am opening my own facility to educate, train, and introduce more African Beauty Professionals to the skin care industry, which currently is extremely UNDER represented.
The impact this loan will have on my life will enable me to prepare for retirement because I do not have a plan and it would allow me to assist my daughter in her dreams to become an anesthesiologist

Loan Proposal

The money will be used to purchase more spare parts for the business the spares to be bought will include tires, tube, oil, rims, and others this will increase our stock which is currently at $ 50 to $ 70. This will help us secure more customers and increase our market demands and profit. this we are hoping will improve our profits to about 10% of what we get daily.
we are also hoping this will enable us get one more employee to help in the shop.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Jul 16, 2016

Repayment status

On Time

Projected term

61 months

Other loans

Lenders

A

Anonymous

United States

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