Increase my supply stock

Irene

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Irene

Member since

September 2017

On-time repayments

48 installments  •  81%

About Me

Hello,
I am Margaret omoro. I come from vihiga County from western Kenya. I am not currently married but am a single mother with one kid.
I complete my secondary education but due to lack of funds I wasn't able to join college, then I met a guy who promised me heaven but abandoned me when I got pregnant. It was a difficult time since I didn't have support from my family I resorted to doing manual jobs to help me take care of myself and my kid.
I worked hard and saved some cash and that how I was able to start my cosmetic supply business.

My Business

I am a mobile costimetic supplier. My clients are mostly saloon and a other ladies who know me.
I ran my business only mostly this way am able to reach more clients since we live in a digital worlds.
I rely on social media to sell my products. Once someone has made an order we agree on how I should deliver and they usually pay during delivery.
In a month am able to make a profit of KES 18000, after removing all the costs I incurred. That being transport and marketing fee.
Thus business has given me hope and it has given me hope and I am able to take care of my child comfortably.
I would like to widen the range of products I sell this will help me maximize my clientele thus increasing my profits.

Loan Proposal

Hello dear lenders, I hope your year has started well, first let me thank you for the help you have been giving me. Currently I have been able to add more products apart from the hair shampoo, hair gel, skin products and face soaps. Here is a full list of products I distribute to my customers ;
1.hair shampoo
2.hair gel
3.Face soaps
4. Diapers for babies
5. Diapers rash treatment products
6. Diaper bags
7. Nail polish and polish removal products
My clientele is growing day by day as I continue to market my products, I will use this this loan to help procure sufficient products stock to be able to meet my clients orders.
Am going to invest 50 dollars in the diapers, another 50 dollars will help me get more hair shampoo.
From every pack of diaper pack I sell I make 33% profit, every bottle of shampoo I sell gives me 20% profit, for each soap I sell I get 15% profit, for the nail polish I make 18% profit.
The more stock I have the more income I will be able to make. Thank you for the support and I hope you will keep supporting through the loans, let me wish you a prosperous new and may the almighty God bless you abundantly.

Feedback

2

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None

  • Marcus    Mar 21, 2018

    Well done, Margaret,
    you paid back much earlier than expected.

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    • Irene    Mar 22, 2018

      Thanks Marcus, i need to get a new stock for supplying this will help me achieve a goal set to set up a shop by may.
      God bless you

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  • Michael Bauschke    Dec 7, 2017

    Always on time Repayment, but too less information, nevertheless positive.

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    • Irene    Dec 7, 2017

      Thanks Michael for your positive feedback, I will try to give more information in my progress. Thanks for your faith in me I hope you keep supporting me in my loans. May God bless you.

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$98.00

Date disbursed

Jan 25, 2018

Repayment status

On Time

Projected term

4 months

Lenders

Marcus

Germany

Paul Buchheit

Mountain View, United States

Mark Rowlatt

Peterborough, UK, United Kingdom

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