Expansion, Rennovation and Increasing Stock of beauty and cosmetics shop

Teresticah

Njabini, Kenya, Kenya

24% repaid

Entrepreneur

Name

Teresticah

Member since

January 2014

On-time repayments

131 installments  •  21%

About Me

I am a humble mother of one. I am hard working and love innovation and progressiveness. I live in a developing town and I consider the environment to be quite fit for my entrepreneurial skills. Financial independence is among the most cherished things in my life. I dislike when I have to be a burden to someone. It is due to this fact that I have started various businesses in the past. Currently I run a shop where I sell cosmetics and beauty products. The small business acts as my sole bread-winner and occupation. I have college education in pharmacy and it is my hope that I will soon be able to set up my own pharmacy/chemist. I also dream of advancing my diploma to a bachelors degree or even higher.

My Business

I run a beauty and cosmetics shop. I deal in products such as hair supplements, weaves, wigs, body and hair oils, sprays and lotions, makeup components, soaps and deodorants, necklaces, earrings, wrist watches for ladies, rings, among others. As the only large shop in our, somewhat remote, area, I command the largest part of the market. This has enabled me to earn good profits in the last one financial year. Stock moves fast and I would say that most consumers have built confidence and loyalty in the business. They are reluctant to seek products from other retailers, even when such are out of stock in my shop; they instead opt to wait till I avail them. This has made me proud of what I do. It is the need to expand that makes me request for a loan. I would like to increase stock and better my services by being able to employ at least another one person. I can guarantee that my business is profitable enough to service the loan and I will be thankful for the further milestone you people will have helped me to achieve.

Loan Proposal

Thank you lenders for yet another chance to provide you with my loan proposal. The previous loan greatly helped me in boosting sales and increasing the volume of my stock. I have been able to come up with some little savings. These are what I would like you to supplement for me to move to the next level.
I intend to use the $145 awarded to repaint my shop and put in place new shelves as well as increase stock.
80 dollars - repainting
30 dollars - new shelves
35 dollars - increase volume of stock
My business is doing remarkably well and all thanks to the help you accorded me. I am looking forward to growing it further. Thank you

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$148.00

Date disbursed

Jul 24, 2014

Repayment status

Late

Projected term

26 months

Other loans

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Namaste250

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fairspirit

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calvero

Bergen, Norway

Sarasota

Sarasota, Fl, United States

E

Escalada

Bakersfield, CA, United States

C

cranejoad

cazenovia, United States

L

lobotommy

OSLO, Norway

A

alretz

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P

Prometheus

Duisburg, Germany

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