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

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$148.00

Date disbursed

Jul 24, 2014

Repayment status

Late

Projected term

26 months

Other loans

Lenders

SeeMeeFi

Ontario, Canada

Namaste250

Pittsford, United States

fairspirit

Utrecht, Netherlands

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

United States

P

Prometheus

Duisburg, Germany

Ask Teresticah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Gerishom    Jun 1, 2015

    Hallo Terry. it is very humbling to know that you are encountering some diofficulties to pay your loan. However, all is not lost. You can still break even in your business. I pray for you my sister. Ask for any support or advice and we are willling to help you out.

    Log in to reply • Share
  • Teresticah    Apr 5, 2015

    Hi everyone I would want to reschedule my repayment amount to put it in line with my current earnings. The business has not been doing very well but I am doing everything in my ability to see to it that it is back to what it was or even better. All the same, I would love to thank you all for the continued support.

    Log in to reply • Share
  • Gerishom    Apr 4, 2015

    Hallo Terry, Would you make an effort to communicate to lenders on your loan repayment please. Thanks. Gerry

    Log in to reply • Share
  • Zacharia    Jan 14, 2015

    Teresia Kindly talk to david Wangari to make an effort to answer calls from lenders. He's never communicated and as well no payments have been made since he took his last loan fine out his whereabouts thanks.

    Log in to reply • Share
    • Teresticah    Feb 11, 2015

      Hi Zacharia. I am sorry to hear that David wangari refuses to pick your calls. I have made the effort of meeting with him and we have talked extensively about repayment of his loan with Zidisha. He cites financial problems that he has had for quite some tine.. However, he has promised to get back on schedule and he will be making his payments accordingly from this week henceforth. thank you fo understanding.

      Log in to reply • Share
  • Teresticah    Jan 5, 2015

    Hello lenders. The festive season has been such a blow to my business. I have had a seeries of losses and hence my inability to pay the loan installments as scheduled. However, I am up to task to ensure that the venture rises back to its feet and I will be catching up with the loan reapyment. Kindly receive my sincere apologiws for having failed for the past weeks but I am now optimistic that all will be well with the business and loan repayment. I always am thankful for the help you accorded me and the moral support you have given me over time. Thank you!

    Log in to reply • Share
  • Namaste250    Nov 8, 2014

    Hi Teresticah,
    Sorry to hear you are having difficult times. Thank you for your commitment in paying your loan back.
    Best wishes, namaste250

    Log in to reply • Share
  • Teresticah    Nov 8, 2014

    I want to reschedule my loan repayment because I have been having problems within the business. The previous month was not as profitable as projected. However, I have put measures in place to get it back on its feet; it is actually picking once more. I am really sorry for having failed to comply with the repayment schedule in the recent past; kindly pardon me for that. Thank you all for your continued support

    Log in to reply • Share
  • Prometheus    Jul 22, 2014

    Hi Teresticah,
    I wish you good luck increasing your business. I'm confident that you'll be sucessful.

    Log in to reply • Share
    • Teresticah    Jul 22, 2014

      Thank you Prometheus for wishing me well. And for funding my loan. All the best too in your endeavors.

      Log in to reply • Share
  • SeeMeeFi    Jul 16, 2014

    Hi Teresticah,
    I hope you are able to improve your shop and increase your stock! Best wishes in your business!

    Log in to reply • Share
  • Teresticah    Jul 8, 2014

    Hello lenders. I am well and still doing good in business; all thanks to your wonderful efforts. I will be uploading photos of my venture. Regards

    Log in to reply • Share
  • Teresticah    Jul 8, 2014

    The main reason for my need to reschedule my payment is so as to pay the remaining part all at once. I must admit that the Zidisha community has been of magnanimous help to me and my business. I have been able to accomplish considerably a lot through the growth of my business. I have earned more loyal customers, and still have prospects to get more. In the light of this, I am coming back to lenders for them to aid me in ensuring that I satisfy all of my clients. Again, I am very grateful and I am looking forward to even a more healthy relationship with members of this blessed community. It is wonderful what you people are doing and may the blessings of God always fall on u like rain. Regards.

    Log in to reply • Share
  • Teresticah    Feb 4, 2014

    I would want to have a little more flexible and a bit soft beginning. I, therefore, want to start by repaying a little amount weekly. However, this will change, increasing at an increasing rate. This will be attributed to the time it will take to turnover stocks into sales. It could take quite a while; maybe a month. The grace period of one week is somewhat short. I pledge to reschedule my installments later because I know things are going to work out positively Thank you.

    Log in to reply • Share
    • Eric    Feb 4, 2014

      Hi Wanjiru,
      Paying something little below what you started you are going to pay weekly will live you on arrears and that will affect your ontime repayment.The good idea is,i suggest you rechedule now to reduce to that little amount you want to be paying for now then when your business catchs up that you will be able to pay more,rechedule to pay more.Thank you

      Log in to reply • Share
  • Teresticah    Feb 1, 2014

    Hallo good people. Thank you for the far you have funded my loan. I wold like to plead with others to help me in raising the remaining amount. Have a wonderful time. Thank you.

    Log in to reply • Share
  • Richard Griebe    Jan 29, 2014

    You are very welcome, Teresticah. I am happy to help you with a loan and am sure other Zidisha members will join me in helping you earn a better life and pursue your career as a pharmacist. I look forward to hearing about your business growing.

    Log in to reply • Share
  • Teresticah    Jan 29, 2014

    Thank you griebe

    Log in to reply • Share
  • Teresticah    Jan 29, 2014

    Thank you Anninymouse for kick-starting the funding of my loan.

    Log in to reply • Share


Loading...

Loading...

Loading...