Inventory of nail polish and cutex to distribute to kiosk sellers
Joseph
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Joseph
Member since
March 2014
On-time repayments
33 installments • 15%
About Me
i was baptized Joseph ndugu by my parents whom i love very much,i come from a christian family.my family lives in upcountry Nyeri while i reside in the capital city Nairobi where i conduct my businesses as well as pursuing my education.i chose to pursue business since i believe i am a creative person hence innovation is part of me when i heard of zidisha, in saw this as a great opportunity for me and other aspiring business persons to grow their business even further and make immense profits hence i thought of becoming a member
My Business
my business is in the cosmetics industry i purchase cosmetics at a wholesale price from industries and later sell them to kiosk owners small supermarkets and individuals at a profit.i saw thios industry had been hitherto untaaped in our home area.the products i choose to sell are on high demand especially from salons in my area,the cheapest cosmetic goes for 5dollars while the most expensive could retail;l at 100dollars depending on the quality and brand.on a good week i could sell well above 200pices and in a good month i may earn500 dollars in profits.i currently do not own a shop but take my products directly to my customers and this is a bigger challenge in its own right since most customers dont have an idea where to locate me and choose which products they are willing to buy
Loan Proposal
thank you zidisha community for this privilege i plan to use the loan to purchase new beauty products that were hitherto not available in my shop.i plan to buy nail polish and cut ex and add them to my stock.i shall purchase them at 50cent(dollars) and later sell them at 2dollars to my clients this will give me a a good profit.i shall use 25dollars to buy the nail polish which is of good quality then use another 20 dollars to purchase the cut ex.Many customers have been requesting for this products and i lacked the funds to buy them hence the loan from zidisha shall be very beneficial to me in my business since i shall be able to buy them.i wish to reach out to all members and request them to fund my loan in my bid to upgrade my business.thank you all lenders
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Apr 1, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
South Africa
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