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
Positive
None
Neutral
None
Negative
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
Duisburg, Germany
Summary
Amount repaid
$41.33
Amount remaining
$133.62
Expected completion
Sep 16, 2016
Status
Repaying late
Installment amount
$1.74
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 1, 2014 | $3.14 | Aug 1, 2014 | $3.14 |
| Aug 8, 2014 | $3.14 | Aug 1, 2014 | $0.01 |
| Aug 11, 2014 | $3.13 | ||
| Aug 15, 2014 | $3.14 | Aug 11, 2014 | $0.02 |
| Aug 27, 2014 | $3.12 | ||
| Aug 22, 2014 | $3.14 | Aug 27, 2014 | $0.03 |
| Sep 2, 2014 | $3.10 | ||
| Aug 29, 2014 | $3.14 | Sep 2, 2014 | $3.14 |
| Sep 5, 2014 | $3.14 | Sep 2, 2014 | $0.06 |
| Oct 4, 2014 | $3.08 | ||
| Sep 12, 2014 | $3.14 | Oct 4, 2014 | $3.14 |
| Sep 19, 2014 | $3.14 | Oct 4, 2014 | $3.08 |
| Oct 27, 2014 | $0.06 | ||
| Sep 26, 2014 | $3.14 | Oct 27, 2014 | $3.14 |
| Oct 3, 2014 | $2.60 | Oct 27, 2014 | $2.60 |
| Oct 10, 2014 | $0.00 | ||
| Oct 17, 2014 | $0.00 | ||
| Oct 24, 2014 | $0.00 | ||
| Oct 31, 2014 | $0.00 | ||
| Nov 7, 2014 | $0.00 | ||
| Nov 14, 2014 | $2.91 | Oct 27, 2014 | $0.01 |
| Nov 15, 2014 | $2.90 | ||
| Nov 21, 2014 | $2.91 | Nov 15, 2014 | $2.91 |
| Nov 28, 2014 | $0.00 | ||
| Dec 5, 2014 | $0.00 | ||
| Dec 12, 2014 | $0.00 | ||
| Dec 19, 2014 | $0.00 | ||
| Dec 26, 2014 | $0.00 | ||
| Jan 2, 2015 | $0.00 | ||
| Jan 9, 2015 | $2.33 | Nov 15, 2014 | $0.01 |
| Feb 2, 2015 | $2.31 | ||
| Jan 16, 2015 | $2.33 | Feb 2, 2015 | $2.33 |
| Jan 23, 2015 | $0.00 | ||
| Jan 30, 2015 | $0.00 | ||
| Feb 6, 2015 | $0.00 | ||
| Feb 13, 2015 | $0.00 | ||
| Feb 20, 2015 | $0.00 | ||
| Feb 27, 2015 | $0.00 | ||
| Mar 6, 2015 | $0.00 | ||
| Mar 13, 2015 | $0.00 | ||
| Mar 20, 2015 | $0.00 | ||
| Mar 27, 2015 | $0.00 | ||
| Apr 3, 2015 | $0.00 | ||
| Apr 10, 2015 | $1.74 | Feb 2, 2015 | $0.01 |
| Apr 17, 2015 | $1.74 | ||
| Apr 24, 2015 | $1.74 | ||
| May 1, 2015 | $1.74 | ||
| May 8, 2015 | $1.74 | ||
| May 15, 2015 | $1.74 | ||
| May 22, 2015 | $1.74 | ||
| May 29, 2015 | $1.74 | ||
| Jun 5, 2015 | $1.74 | ||
| Jun 12, 2015 | $1.74 | ||
| Jun 19, 2015 | $1.74 | ||
| Jun 26, 2015 | $1.74 | ||
| Jul 3, 2015 | $1.74 | ||
| Jul 10, 2015 | $1.74 | ||
| Jul 17, 2015 | $1.74 | ||
| Jul 24, 2015 | $1.74 | ||
| Jul 31, 2015 | $1.74 | ||
| Aug 7, 2015 | $1.74 | ||
| Aug 14, 2015 | $1.74 | ||
| Aug 21, 2015 | $1.74 | ||
| Aug 28, 2015 | $1.74 | ||
| Sep 4, 2015 | $1.74 | ||
| Sep 11, 2015 | $1.74 | ||
| Sep 18, 2015 | $1.74 | ||
| Sep 25, 2015 | $1.74 | ||
| Oct 2, 2015 | $1.74 | ||
| Oct 9, 2015 | $1.74 | ||
| Oct 16, 2015 | $1.74 | ||
| Oct 23, 2015 | $1.74 | ||
| Oct 30, 2015 | $1.74 | ||
| Nov 6, 2015 | $1.74 | ||
| Nov 13, 2015 | $1.74 | ||
| Nov 20, 2015 | $1.74 | ||
| Nov 27, 2015 | $1.74 | ||
| Dec 4, 2015 | $1.74 | ||
| Dec 11, 2015 | $1.74 | ||
| Dec 18, 2015 | $1.74 | ||
| Dec 25, 2015 | $1.74 | ||
| Jan 1, 2016 | $1.74 | ||
| Jan 8, 2016 | $1.74 | ||
| Jan 15, 2016 | $1.74 | ||
| Jan 22, 2016 | $1.74 | ||
| Jan 29, 2016 | $1.74 | ||
| Feb 5, 2016 | $1.74 | ||
| Feb 12, 2016 | $1.74 | ||
| Feb 19, 2016 | $1.74 | ||
| Feb 26, 2016 | $1.74 | ||
| Mar 4, 2016 | $1.74 | ||
| Mar 11, 2016 | $1.74 | ||
| Mar 18, 2016 | $1.74 | ||
| Mar 25, 2016 | $1.74 | ||
| Apr 1, 2016 | $1.74 | ||
| Apr 8, 2016 | $1.74 | ||
| Apr 15, 2016 | $1.74 | ||
| Apr 22, 2016 | $1.74 | ||
| Apr 29, 2016 | $1.74 | ||
| May 6, 2016 | $1.74 | ||
| May 13, 2016 | $1.74 | ||
| May 20, 2016 | $1.74 | ||
| May 27, 2016 | $1.74 | ||
| Jun 3, 2016 | $1.74 | ||
| Jun 10, 2016 | $1.74 | ||
| Jun 17, 2016 | $1.74 | ||
| Jun 24, 2016 | $1.74 | ||
| Jul 1, 2016 | $1.74 | ||
| Jul 8, 2016 | $1.74 | ||
| Jul 15, 2016 | $1.74 | ||
| Jul 22, 2016 | $1.74 | ||
| Jul 29, 2016 | $1.74 | ||
| Aug 5, 2016 | $1.74 | ||
| Aug 12, 2016 | $1.74 | ||
| Aug 19, 2016 | $1.74 | ||
| Aug 26, 2016 | $1.74 | ||
| Sep 2, 2016 | $1.74 | ||
| Sep 9, 2016 | $1.74 | ||
| Sep 16, 2016 | $2.80 | ||
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