Inventory loan

Miriam

Nairobi, Kenya

2% repaid

Entrepreneur

Name

Miriam

Member since

June 2017

On-time repayments

24 installments  •  79%

About Me

my name is miriam mwende. I come from kenya a place called makueni. i completed my school in 2014. I enrolled for a beauty course where i studied basic in cosmetics. I come from a humble background but that has not hindered me from achieving my dreams. Despite the fact that my parents are peasant farmers, i have been able to struggle along and get basic education which has enabled me to start a small business. I started my business from small savings which i was given as pocket money when i was still in college. The uniqueness in my country is that we are very much hospitable people.

My Business

I have started a cosmetic shop where is sell cosmetics. The business is 6 months old now and so far its fairing good. My services have high demand since back here, ladies use cosmetics alot. I had passion in beauty and thats why i decided to venture into the business.
My cost for the business ranges between50 USD-100 USD with an expected return of upto 40%. i use the profit to restock my business and also for my personal upkeep.

Loan Proposal

i will use this loan to purchase cosmetic products. that is lotions, jellies and other beauty products for my salon.
The cost is approximately 50 USD. I will use my personal savings to top up for any defeceit.
As a result, i will get customer satisfaction and build good client base relationship.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

May 16, 2018

Repayment status

Late

Projected term

5 weeks

Lenders

Katja

Switzerland

Carrie

Arlington, MA, United States

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

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  • Miriam    May 14, 2018

    Hello Lenders,
    I will add my cosmetic stock. As earlier indicated, this will help me add my profit due to reduction of transport cost.
    I really thank you for your continued support.

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  • Daniel Hoepfner    May 13, 2018

    Great idea and Happy Business

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  • Miriam    May 11, 2018

    Hello Lenders,
    I used the loan you gave me to purchase cosmetics for my beauty shop / salon. That really helped me since it reduced cost of going the market to buy the cosmetics every day.
    As a result this really maximized my profits giving me more reasons for expansion.

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  • Miriam    Feb 15, 2018

    Hello lenders,
    I am sorry for taking too long to update you about my progress. This is due to poor network in my area.
    I am grateful of your support. My business is doing great, i will be posting pictures of my progress soon.
    Thank you

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  • Miriam    Dec 26, 2017

    Hello lenders,
    I take this to say thank you for the first loan you gave me. I was able to purchase some stock for my beauty shop which really helped me in getting more customers.
    on average, my business increased its monthly profit by 15%.

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  • Miriam    Sep 25, 2017

    i will buy cosmetics for my salon. this will help me cut cost of daily operations as i will purchase in wholesale.
    Thank you lenders

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  • Miriam    Jun 8, 2017

    i will buy braids for my shop

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