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

Feedback

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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

Lenders

Bhayl

Stavanger, Norway

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$4.96

Amount remaining

$69.65

Expected completion

Jun 27, 2021

Status

Repaying late

Installment amount

$12.44

Repayment History

Expected Payments Actual Payments
May 2, 2021 $12.44 Jul 10, 2021 $4.96
May 9, 2021 $12.44
May 16, 2021 $12.44
May 23, 2021 $4.97
May 30, 2021 $4.97
Jun 6, 2021 $4.97
Jun 13, 2021 $4.97
Jun 20, 2021 $12.44
Jun 27, 2021 $4.97

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