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
Positive
2
Neutral
None
Negative
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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
United States
United States
Atlanta, United States
United States
Troy, United States
Netherlands
Spain
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