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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  • Miracle Samuel Oluchukwu    Jul 26, 2021

    She says she is working on a payment plan

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  • Miracle Samuel Oluchukwu    Jun 23, 2021

    Omolola says she had an accident but will start paying little by little

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  • Omolola Odumosu    May 27, 2021

    I had an an accident on my way to restock my shop, my right leg was badly affected. Since then I have not been going to the store as often because I need extra support. So sorry for the inconvenience

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  • Omolola Odumosu    Apr 26, 2021

    God bless all my lenders I received my loan with many thanks. I have purchased pedicure bowls, nail accessories wine for a section of my shop. Thank you so much

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  • Omolola Odumosu    Apr 20, 2021

    I will increase my wine section with variety of wine, purchase bulk organic ingredients to be able to serve wholesalers.
    Thank you and God God replenish the pockets of my lenders.

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  • Omolola Odumosu    Apr 20, 2021

    The influx if assorted drinks into the market, made me add sales of assorted wine and liquor to my business

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  • Omolola Odumosu    Mar 22, 2021

    Thank you zidisha, received 13,000. I have been able to purchase more formulation materials. I am grateful

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  • Omolola Odumosu    Mar 11, 2021

    13,486 was received. More purchases of organic chemicals

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  • Omolola Odumosu    Mar 11, 2021

    Thank you my wonderful lenders, this will provide me opportunity to purchase organic chemicals for more productions

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  • Omolola Odumosu    Mar 10, 2021

    My last loan was indeed very helpful. It increased the purchase chemicals for formulas for productions

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  • Omolola Odumosu    Feb 27, 2021

    God bless zidisha lenders. Been able to purchase few cosmetic materials for my formulation

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  • Omolola Odumosu    Feb 14, 2021

    Thank God for zidisha. Very helpful

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  • Omolola Odumosu    Feb 6, 2021

    4,425 received with many thanks. So grateful for this kind gesture. Replaced sold stock in my store

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