Perfume refills and braids stock

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, i hope you doing well. Am applying for a loan of KES 24000 which i will use to get various brands of perfumes both for men and women. I will invest KES 15000 on the perfumes, i will get more for women compared to those for men since women are my main customers for the same.
500ml bottle goed for KES 1500 I'll be able to get 15 bottles different brands in order to meet my customers' demands 10 will be for ladies and 5 for men.
For every 10ml i will sell at KES 50,this will give me a profit of Kes 1000 per a bottle.
Then i will invest KES 9000 on braids, braids are a hot commodity in my shop being able to have enough stock is very important, at wholesale i buy KES 50 per a braid then sale at KES 60 giving me a profit of kes 10 per a braid.
Its my sincere hope that you will consider funding my loan to help me get the stock needed.
Thanks in advance and stay safe.
God bless you.

Income Source

The curfews hours were extended which has guven me more time to work, i have also embraced online sales, i post my products on my Facebook, Twitter and other platforms like jiji.co.ke. This has extended my reach and am able to reach more customers. This strategy has kept me going and it has enabled me to make payments on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$245.00

Date disbursed

Jul 5, 2020

Repayment status

On Time

Projected term

8 weeks

Lenders

M

Marko

Helsinki, Finland

Mark Grey

Redding, CT, United States

K

Kindra

USA, United States

J

Netherlands

Girolamo Marroccoli

Basel, Switzerland

Daisuke

Tokyo, Japan

EA

Eric Ayers

Atlanta, United States

Adrian

Liverpool, United Kingdom

BP

Brian Piltz

United States

BS

Brendan Scanlon

Troy, United States

M

Mika

Switzerland

KF

Kathy F

Memphis, TN, United States

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