Expansion of perfume oil business

Ezinne

Abuja, Nigeria

100% repaid

Entrepreneur

Name

Ezinne

Member since

June 2020

On-time repayments

47 installments  •  64%

About Me

I'm Cynthia. I recently started a perfume oil business and have been seeking for loan opportunities to expand my business. Till someone recommended Zidisha to me.

I started selling smaller sizes of the oils. Since then, my clients have been requesting for bigger ones hence the need for the loan

My Business

I sell perfume oils in different sizes. I sell them in size 3ml, 6ml, 10ml, 15ml, 20ml, 30ml and 50ml. I intend to partner with an existing company as a sole distributor in my state, Abuja in order to further expand the business

Loan Proposal

As a result of the slight increase in client base that I have got, some are beginning to request for wholesale packages so I am going to be using this next loan to buy more oils at even more discounted prices and tailor it down to my new wholesale client base

Income Source

We just entered the harmattan (dry) season in Nigeria and the need for body fragrances and mist are on the increase now as result of the harsh weather. As I make sales weekly, I will turnover the capital quickly and pay the loan weekly from my profit.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$105.00

Date disbursed

Nov 18, 2020

Repayment status

On Time

Projected term

2 months

Lenders

Franmiguel

Perth, Australia

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