Loan for inventory of cosmetic shop

Judith

Kisii, Kenya

3% repaid

Entrepreneur

Name

Judith

Member since

November 2017

On-time repayments

7 installments  •  57%

About Me

I grew up in a humble family as the only child and as a young girl I could see my mother do everything possible in an environment where she would do some small scale business to get an extra cent.
That is my later motivation in life a force that would see me venture in business in my high school life to raise some cash for my personal up keep during my stay in school boarding.So the going got tougher in my family tried now to fully be doing a business that would eventually change my life and my family's. First I tried the business of selling to my school mates stuffs like books pens and sometimes raising some cash from the sell of crops had planted in our piece of land. Because of struggling many atimes to make a difference in life so that I would get what I wanted made me crave of having a stable business this forced me look for well wishers who made contribution to enable me venture into the cosmetic business which up until now continues to help me solder on.

My Business

My business is a cosmetic one, dealing in selling braids facial care jellies hair food jerries and so many more.Around my area so many campus ladies reside a factor that has made it possible for me to do well but a challenging scenario is I cannot be a position of satisfying their demands my stock levels would not be enough cater for their needs. I chose to do thia business because I have had a passion for the same and being that around that locality is ladies got think of something that ladies love and so came up with the idea. My reason for kick starting this business majorly was the passion I have for the business. My typical costs total to 15dollar a month with a revenue of 20dollar a month

Loan Proposal

The zidisha loan will enable me make an additional inventory for facial cares lipsticks braids shampoos lip bums skin care lotions ,face towels, accessories,cutex and jellies. The total amount of figure that I will incur in as dollars 25 which will record18% growth in the business. This will see my business expand which means that I will be in a position to cater for much more customers hence more sales thus increased profits. My anticipated profit margins is 20% which will see me moving from one level to another. I am greatful for the unconditional support Zidisha is given unto me.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$69.00

Date disbursed

Jan 20, 2018

Repayment status

Late

Projected term

3 weeks

Lenders

paulclinton

malaga, Spain

W

Wade

United States

BP

Bill Piper

United States

HCPSPIRIT

Helsinki, Finland

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

B

bea

Australia

B

Ben

United States

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  • Judith    Jan 18, 2018

    The zidisha loan will assist me in making additional inventory of my cosmetic, by doing so I shall increased my sales which in turn will see my profits sky rocket. Thank you a great deal zidisha lenders for your continued support.

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  • Judith    Jan 13, 2018

    This year the business has kick-started in a much higher note for that reason I would appreciate the support from zidisha so as to take advantage of the situation.

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  • Judith    Jan 10, 2018

    I need support to be able to readily avail products to my customers.

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  • Judith    Jan 1, 2018

    The loan I received from zidisha i used it to make an additional inventory for facial cares lipsticks braids shampoos lip bums skin care lotions and jerries. From the sale of that inventory i increased my profits hence recorded 10% growth in the business. When I am not working I like visiting Street children in my area feeding them and playing with them.

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  • Judith    Dec 31, 2017

    I wish to repay my full loan as have the full amount with me.

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  • Judith    Dec 24, 2017

    The business has not been good this week, so i don't have much-needed amount

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  • Judith    Dec 10, 2017

    The loan have received from zidisha will assist me in making additional stock of beauty products, hence shall increase my sales which will translate to increased profits. Thank you so much zidisha lenders for this big support you have shown.

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  • Hesbon    Dec 7, 2017

    Hi lenders today I managed to pass by Judith's business and I was so pleased with how she has used the loan she perviously received to turn things around.

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  • Judith    Nov 27, 2017

    I am happy to say that my first ever loan from zidisha has done me miracles as it has helped me enforce my ability.

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  • Judith    Nov 22, 2017

    Wish to repay my outstanding balances in one installment because the business has been good so far this week.

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  • Judith    Nov 17, 2017

    Wish to adjust my loan installment repayment amounts due as I am only able to pay the adjusted figure.

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  • Judith    Nov 13, 2017

    Hi zidisha lenders I have received the loan of KES 1605 which I have used in making an additional inventory to my current one. Through this additional stock I will be able to make more sells which will mean that my profits will also increase.

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