Expanding spa business to include nail services
Paul
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Paul
Member since
April 2020
On-time repayments
58 installments • 62%
About Me
Am Paul, I come from Murang'a county but currently I live in Nairobi where I run my cosmetic shop.
After completing my university studies I was lucky enough to find a permanent job, that's when I decided to start my business to help me keep going.
My Business
I started my business in 2018, I basically sell all types of cosmetics and beauty.
My products range from braids, creams perfume refills, wigs and weaves.
My main challenge is having all varieties to meet my customers orders, I would like to increase my stock this will help me meet most of my customers order.
With your help am positive I will be able to achieve this and take my business to the next level.
Loan Proposal
hello dear lenders, its my sincere hope that you are doing well, i would like to apply for a loan of KES 36000. this will will help me start a new venture, i have some extra space outside my shop and i would like to use the space and offer nails services. this will include gel application, pedicure, manicure treatments as well as facials and make up. i did a survey around my area and i realized nobody is offering the service, the salons around only offer hair services, i have a nail artist who will offer this services and i will pay him on commission.
for the loan it will mostly go to buying equipment and building a small extension in front of my shop where the customers will be attended at.
here is the breakdown how i will use the loan:
1. wire-mesh for building the extension kes 5000
2. foot-spa for pedicure kes 6500
3. UV light nail gel dryer kes 2500
4. a service chair for customers kes 7000
5. assorted gels different colors plus base coat and top coat, kes 10000 each bottle goes for kes 1000
6. other accessories like toe gappers, hail polish remover, acetone for gel remover, hina and scrub kes 5000
i would like to say thanks again and i hope you will consider my loan application to help me start this new venture which i believe will give me an extra coin.
God bless you and stay safe.
Income Source
with the covid curve currently going down i have seen an increase in business and with my online selling this has helped me gain more customers which has made it easier for me repay my loans on time. i will continue to embrace all the strategies i have employed to ensure am able to make my payments on time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$330.00
Date disbursed
Sep 9, 2020
Repayment status
On Time
Projected term
6 weeks
Lenders
United States
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