Adding stock of beauty products to resell

Scholastica

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Scholastica

Member since

June 2015

On-time repayments

388 installments  •  100%

About Me

I am a 30 year Old Born in Meru. I schooled for both my primary and secondary education in Meru and later joined Mt. Kenya University in Thika Town where i did Diploma in Community Development and Social Work graduating in 2013. My family were not in formal employment in fact they were struggling to bring us up and seeing all they went through to provide for us and make sure we went to school i promised to give it my best and make sure i do well in my education. After my graduation i moved in with my boyfriend who in September 2014 gave me about $200 to start a business since getting employment was not easy. I invested the whole amount in second hand cloths and beauty shop and i am now happy trying to grow my business. We are blessed with two children a girl who is 9 years and a boy who is about 4 years now.

My Business

Since i was young i liked being neat and while in school i would always look for unique items to put on. It was from this and after sharing my idea with my boyfriend, now my husband who had also noticed my liking for beauty products that he decided to fund me with about $200 to start a beauty shop. I started small where i bought some few beauty products combined with ladies second had clothes. Due to my commitment and passion for this line of business it has been growing at a commendable pace. My customers like me and my husband also likes visiting my shop because he say he finds me funny selling and negotiating prices with my customers.

Loan Proposal

When funded i will use $50 to add my beauty products stock and the remainder amount to add on to my second hand clothing stock. My target is to see my profits grow with about 10% by the time i will be finishing to repay this loan which will mean better income for me and better life to my young family.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 20, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

D

Diana

Germany

PG

Paul Graham

United States

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Summary

Amount repaid

$105.28

Amount remaining

$0.00

Date repaid

Aug 8, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 28, 2015 $5.26 Jun 27, 2015 $5.26
Jul 5, 2015 $5.26 Jul 4, 2015 $5.26
Jul 12, 2015 $5.26 Jul 11, 2015 $5.26
Jul 19, 2015 $5.26 Jul 19, 2015 $5.26
Jul 26, 2015 $21.05 Jul 25, 2015 $21.05
Aug 2, 2015 $21.05 Aug 2, 2015 $21.05
Aug 9, 2015 $42.13 Aug 8, 2015 $42.13

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