Loan to buy hair, shampoo, and chemicals for my beauty shop
David
Ongata Rongai, Kenya
4% repaid
Entrepreneur
Name
David
Member since
February 2016
On-time repayments
45 installments • 76%
About Me
Thank you very much for this golden opportunity.
First i was born and brought up in up country. I am a first born of three. My parents practice mixed farming in addition to cash crop like tea and coffee.
I was taken to school and went through primary and secondary education before joining a technical college level where I studied Hair dressing and beauty. I as young and energetic man, i knew that by tapping in an area that is largely dominated by women will make me stand out of multitude and excel well. My parents helped me to go to the course and I was busy working and employed in salons and beauty parlor. I gathered enough experience while saving money and later on left the employment and started selling beauty products since they fetch me smart cash compared to having a salon. This is how i came to start my own business of Beauty shop. What is unique about the land I live is that people appreciate effort made by other people. My children would like to be well brought up, feed well and get better education and skills to be entrepreneurs in future. My unique hobby is helping the unfortunate and visiting the children homes besides watching football. I am an ardent fan of Arsenal England team.
Thank you.
My Business
My business is a beauty shop. I sell products like hair,Gel,lipsticks,oil,hair chemicals,powder,diapers,cutex,Shampoos,hair bands, face colors and many more others.
These products are always on high demand as they are commonly used by women for beauty and make ups.Also they are used by children like diapers and special baby body oil.
I choose this business simply because i love the business make good profit out of it besides being a profession. My typical costs are cost of buying all the necessary and most important products that are on high demand. This also includes the cost of electricity, rent and transport. Most of my profit i reinvest while paying the bills take some for personal use and help my parents back home.
Thank you.
Loan Proposal
Once i receive my next loan, I will be able to buy more of the fast moving products in my shop to continue fetching me good profit.
In my first budget, I will again buy varieties of Hair both synthetic and human hair at $55.00; I will also buy tools and brushes, body and bath and assortment of skin care products at $40.00
Also on the list will be Shampoo and chemicals at $30.00 and $25.00 respectively.
I will buy Hair and body lotions or oils at $20.00.Also on the budget will be Make ups, nail polish and lipsticks all at $28.00.In my sales I will introduce Massage oils and hair removals all at $34.00. Still on the list will be Hair bands, earrings and Jewelries at $45.00. I will buy dust coats and other to cater to logistics all at $10.00.
The above mentioned products will add to the stock that I have to ensure that my customers will find all product available in my shop. This will make continue to me retain my customers by making almost every product available whenever they needed them. I expect to make a good profit from the current USD45.00 per day to USD60.00. This will be very possible according to my new projection. This will be a great improvement towards achieving my dream goals of making my business a wholesale in future. I will continue to pay your loan and completed comfortably without delaying. I will be able to feed my family while paying all bills with this business. I continue to visit my parents to help them buy food materials and helped them meet other expenses. I am seeing God in my life and I congratulate all of you my lenders for you generous contributions towards eradicating poverty in many countries.I will start even helping the poor and contribute more money through our church to take to children homes and street families.
I thank you most sincerely!
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
Oct 4, 2016
Repayment status
Late
Projected term
63 months
Other loans
Lenders
Chicago, United States
Vienna, Austria
Edegem, Belgium
Germany
Kaohsiung, Taiwan
Mountain Home, United States
Leiderdorp, Netherlands
Washington, DC, United States
Moravia, United States
Chicago, United States
Australia
United States
Sweden
United States
Hong Kong
Canada
Austria
Germany
United States
Montreal, QC, Canada, Canada
United States
Australia
Australia
United States
Winnipeg, Canada
United States
United States
United States
Malmö, Sweden
Germany
United States
United States
United States
United States
United States
Washington DC, United States
United States
United States
United States
United States
Switzerland
Sweden
United States
Alicante, Spain
United States
United States
United States
United States
United Kingdom
Canada
United States
Norway
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$12.10
Amount remaining
$289.39
Expected completion
Feb 27, 2017
Status
Repaying late
Installment amount
$33.51
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 17, 2016 | $5.04 | Oct 14, 2016 | $5.04 |
| Oct 24, 2016 | $1.01 | Oct 27, 2016 | $1.01 |
| Oct 31, 2016 | $1.01 | Oct 27, 2016 | $1.01 |
| Nov 7, 2016 | $1.01 | Nov 11, 2016 | $1.01 |
| Nov 14, 2016 | $1.01 | Nov 11, 2016 | $1.01 |
| Nov 21, 2016 | $1.01 | Nov 26, 2016 | $1.01 |
| Nov 28, 2016 | $0.00 | ||
| Dec 5, 2016 | $0.00 | ||
| Dec 12, 2016 | $1.01 | Dec 14, 2016 | $1.01 |
| Dec 19, 2016 | $0.00 | ||
| Dec 26, 2016 | $0.00 | ||
| Jan 2, 2017 | $33.51 | Dec 27, 2016 | $1.01 |
| Jan 9, 2017 | $33.51 | ||
| Jan 16, 2017 | $33.51 | ||
| Jan 23, 2017 | $33.51 | ||
| Jan 30, 2017 | $33.51 | ||
| Feb 6, 2017 | $33.51 | ||
| Feb 13, 2017 | $33.51 | ||
| Feb 20, 2017 | $33.51 | ||
| Feb 27, 2017 | $22.35 | ||
Ask David a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.