Inventory for a new beauty product range
Margaret
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Margaret
Member since
February 2015
On-time repayments
41 installments • 41%
About Me
My name is Margaret Mwinji from Nakuru County, Kenya. I work in Mount Kenya University Nakuru campus. I am married and a mother of two kids. I was introduced to this team by my colleague. Swimming, dancing and socializing are some of my hobbies that I love during my free time. I am self-driven, focused, responsible and easy to get along with. Being a first born, wife , mother and also a student, I have mastered the art of multitasking in my current job and my business.I believe that challenges are instrumental in shaping our live sand that is why i acknowledge any challenge encountered in my today’s ladder of success. I have learnt to keep going no matter how at times get tough on my way. Having a family is one of the things that has really shaped my life since I always focus on it and always try make the best out of everything that I do daily for my family.
My Business
I am inspired by the Kenyan Beauty Industry as there is more demand of these products by both genders in the recent past. Buying and Selling of various beauty products is my part-time job. I have a beauty shop located at Nakuru town, sokoni plaza, shop number 10 first floor. I do use my profit in reinvesting in my business and also improve the life of my family. I been in this business now for a year and a half and I have loved being in business, this has been a learning platform and also one of my achievements in life. There have been challenges along the way but i believe am getting to conquer most of them. I really appreciate Zidisha and my lender for the loan that i got as i was able to add more products and my client base has increased.
This business has really helped my rediscover my inner-self and opened up my world to a world of friendship, beauty, business creativity, profitability and most important fun that never existed to me before.
I am looking forward to integrating my business to a shopping cart where I am to do online advertisement and sales that will help me expand my client base and raise my sales.
Loan Proposal
Since Beauty is intriguing to both men and women, beauty products will always be in demand as with beauty comes success and happiness. Thus the need to increase my inventory of the products.
I intend to purchase beauty products worth $167 and the rest $20will be used for communication to my clients so as to inform them of new products and also for follow up of how the previous products are working on them. I am also planning to involve a few sales interns from nearby learning institutions as part of my plan to increase sales, this will assist my business expand in its clientele as well as experience , exposure and knowledge for the sales intern.
I anticipate to earn 30% profit for each product sold as these are the rates from my suppliers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 10, 2015
Repayment status
On Time
Projected term
8 months
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Summary
Amount repaid
$210.27
Amount remaining
$0.00
Date repaid
Feb 1, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 17, 2015 | $20.00 | May 23, 2015 | $20.00 |
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $16.67 | May 31, 2015 | $16.67 |
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $0.00 | ||
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $11.11 | Jul 11, 2015 | $11.11 |
| Jul 19, 2015 | $11.11 | Jul 11, 2015 | $11.11 |
| Jul 26, 2015 | $11.11 | Aug 15, 2015 | $11.11 |
| Aug 2, 2015 | $11.11 | Aug 15, 2015 | $11.11 |
| Aug 9, 2015 | $11.11 | Sep 16, 2015 | $11.11 |
| Aug 16, 2015 | $11.11 | Sep 16, 2015 | $1.11 |
| Sep 17, 2015 | $10.00 | ||
| Aug 23, 2015 | $3.33 | Sep 17, 2015 | $3.33 |
| Aug 30, 2015 | $0.00 | ||
| Sep 6, 2015 | $0.00 | ||
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $5.56 | Sep 26, 2015 | $5.56 |
| Oct 4, 2015 | $5.56 | Sep 26, 2015 | $5.56 |
| Oct 11, 2015 | $5.56 | Oct 21, 2015 | $5.56 |
| Oct 18, 2015 | $5.56 | Nov 1, 2015 | $5.56 |
| Oct 25, 2015 | $5.56 | Nov 16, 2015 | $5.56 |
| Nov 1, 2015 | $5.56 | Dec 28, 2015 | $5.56 |
| Nov 8, 2015 | $5.56 | Dec 31, 2015 | $5.56 |
| Nov 15, 2015 | $5.56 | Dec 31, 2015 | $2.22 |
| Jan 14, 2016 | $3.33 | ||
| Nov 22, 2015 | $5.56 | Jan 14, 2016 | $2.22 |
| Jan 19, 2016 | $3.33 | ||
| Nov 29, 2015 | $5.56 | Jan 19, 2016 | $5.56 |
| Dec 6, 2015 | $5.56 | Jan 19, 2016 | $5.56 |
| Dec 13, 2015 | $5.56 | Jan 19, 2016 | $2.11 |
| Jan 19, 2016 | $3.44 | ||
| Dec 20, 2015 | $5.56 | Jan 19, 2016 | $5.56 |
| Dec 27, 2015 | $5.56 | Jan 19, 2016 | $4.11 |
| Jan 21, 2016 | $1.44 | ||
| Jan 3, 2016 | $5.56 | Jan 21, 2016 | $5.56 |
| Jan 10, 2016 | $5.56 | Jan 21, 2016 | $5.56 |
| Jan 17, 2016 | $5.56 | Jan 21, 2016 | $5.56 |
| Jan 24, 2016 | $5.56 | Jan 23, 2016 | $5.56 |
| Jan 31, 2016 | $3.60 | Feb 1, 2016 | $3.60 |
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