Expansion to add a wine & liquor corner to my beauty shop

Omolola Odumosu

Lagos, Nigeria

7% 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

Since I have added a wine and liquor corner to my beauty shop, i intend to stock up a little more variety, i also intend to start wholesale production of organic soaps and creams to people who do not have the knowledge but intend to venture into the organic cream business so that they can rebrand my products in their own containers.

Income Source

Putting this and many other economic, social and unforeseen factors into consideration made me commence weekly contribution, to ease payment if my loan. The newly added wine and drinks section is also an added sales advantage as the weather makes customers seek cold drinks more to quench thirst

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$74.61

Date disbursed

Apr 20, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $3.64

Credit risk payment: $11.65

Optional expediting fee: $14.57

Lenders

Bhayl

Stavanger, Norway

Paul Buchheit

Mountain View, United States

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