Stock for cosmetics & boutique shop

Peter

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

October 2014

On-time repayments

321 installments  •  78%

About Me

Am peter mutembei kapindu ,i leave in nakuru town ,Langalanga village.i attended school at Nakuru day secondary school,I have been working for the last 12years in prestige shuttles tours and travel.i have dreamed to start my business since childhood because my father is a businessman in Nairobi.am encouraged by my friend and workmate to join zidisha since i have seen it work for him.one thing unique about Nakuru is that the people are always ready to uplift the life's of other people within the area.currently am not married.

My Business

My business is located at Kanu street in Nakuru town.my business is called carosa beauty and cosmetics.i started this business because i realized that there was a great demand of cosmetics within the area and most of the saloons in the area used to go and buy from town about 4km.mostly i sale in wholesale and also in retail.most of my customer love to buy from my shop because my prices are affordable and i also some times offer small credit to those who are frequent customers.the business is profitable because i deal with beauty products which are in high demand and they sale faster.the risks that currently am facing are the introduction of tax which was not there before,this has affected the business by increasing the cost of operation.also the challenge of high cost of leaving has affected the business .my typical monthly cost is around 70,000 to 84,000 although sometimes the cost varies in different months,some month cost of operation is higher when there is more sales.sales ranges from 129,000 to 164,000per month.i mostly use the profit i get in increasing the stock.my alternative way of paying the loan is through my salary.am employed and i have a pay slipayment of any loan that can facilitate p

Loan Proposal

This loan I would like to restock my boutique alit bit because due to the oadamic of covid 19..sales had gone down abit hence affected even the profit margins and in the process due to the had economic times I had to use even my savings in taking care of some of the shop expenses like rent and even in paying the previous loan....but this currently seems to be getting back to track and atleast even the sales have increased abit compared to the previous 4monthsor so...This loan I will use it to buy mens wear like shirts,trousers and blazers,currently it's very cold in the country, I would like to also try stock children's Jackets & sweaters .which would cost me approximately ksh 50,000.

Income Source

I understand were are in thought economic times but with the new stock of Jackets & sweaters I believe I will get quick market because currently there people who have been walking to the shop to incur about sweaters n jackets so believe with goid marketing n trying to go extra mile I will be able to make profit n even pay the loan in good time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$487.00

Date disbursed

Sep 9, 2020

Repayment status

On Time

Projected term

12 months

Lenders

S

Senryu91

caldogno, Italy

Sundstroms

Falun, Sweden

D

dcheung

San Francisco, United States

K

Kber9156

North Parramatta, Australia

R

RonEddy

United States

Paul Buchheit

Mountain View, United States

Nick Studenski

Minneapolis, United States

L

Lisa

United States

Tom Purser

Cambridge, United Kingdom

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