Expansion to add a wine & liquor corner to my beauty shop
Omolola
Lagos, Nigeria
7% repaid
Entrepreneur
Name
Omolola
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
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Loan Info
Project Type
Classic Loan
Disbursed amount
$74.00
Date disbursed
Apr 20, 2021
Repayment status
Late
Projected term
2 months
Other loans
Lenders
Canada
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