Loan to increase stock for my cosmetic shop
Ezekiah
Nairobi, Kenya
5% repaid
Entrepreneur
Name
Ezekiah
Member since
October 2015
On-time repayments
220 installments • 9%
About Me
Am a last born in a family of three, a businessman and a student of bachelor of commerce at University of Nairobi
I was born and raised in then sunny city of Nairobi where i underwent my education.
As a kid i always dream t of being an entrepreneur and starting my business was something i worked hard to achieve.
My hobbies entail traveling, listening to music and dancing salsa.
My Business
My business entails selling cosmetics such as:
Lotions
Hair foods
Detergents
Shampoos
Body sprays
these goods are in demand because people need them to look and feel good..
My typical costs include:
rent- $90
electricity bill-$40
county licence-$10
While my monthly revenue usually averages around $320.
I usually invest part of the profits into the business and use part of it to fund my education and for my upkeep.
Loan Proposal
With this loan i shall purchase;
Body sprays worth $100
Lotions worth $198
petroleum jellies $100
This will further boost the stock in terms of variety thereby leading to more profits being realized and also customer satisfaction.
I project an increase in profit by 13% .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$397.00
Date disbursed
Feb 12, 2016
Repayment status
Late
Projected term
48 months
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