Stock up my beauty shop

Paul

Nairobi, Kenya

2% 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, i would like to apply for a new loan of KES 62000 to help me stock up my beauty and get more products for the nails spa.
This how am going to invest the loan:
1. I will increase shampoo products for an amount of kes 12000, i will get different quantities in order to meet the customer needs.
2. I will use kes 15000 to invest in body creams and lotions this will help me get a variety to be able to meet all the customer's needs.
3. The perfume business I started is going will, I will invest kes 10000, to add more perfumes this will give my customers more varieties to choose from.
4. I will invest kes 10000 on braids the salons are back and the demand has gone up being able to have enough stock will help me meet my customers orders.
5. I will invest kes 10000 to get gels for the nails spa I will get 5 temperature colors and 5 normal gels which will cost KES 1000 for a bottle.
6. I will invest kes 5000 on products like detol, nail polish remover stick ons and nail polish
This will help me serve my customers more efficiently at the nails spa.
Thanks for giving me a chance and be blessed.

Income Source

Our economy is opening up and that's helping my business since most customers are coming back, I have also continued selling my products online this has helped me boost my sales. I have also been marketing my nails spa online which is bringing in more customers.
With the measures am taking it will help me be able to repay my loan on time.

Feedback

2

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$572.00

Date disbursed

Oct 23, 2020

Repayment status

Late

Projected term

7 months

Lenders

T

Todd

United States

Harrison

United Kingdom

Georgina

United Kingdom

alfred sam

United Kingdom

samson

United Kingdom

E

eliakim

United Kingdom

H

hope

United Kingdom

N

Noel

United States

R

Raul

United States

J

Jacky

United States

D

Don

United States

R

Rino

United States

Monte

United States

R

Ruby

United States

F

Fidel

United States

MF

Mary family

United States

JM

Josh morris

United States

C

Chino

United States

C

Cyrus

Singapore

J

Jerry

United States

daje

United States

Herbert

United Kingdom

mark

United Kingdom

styles

United Kingdom

beth

United States

R

roman

United Kingdom

N

naply

United Kingdom

F

fred

United Kingdom

E

ellen

United States

W

wills

United Kingdom

daniel

United Kingdom

Ask Paul a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Paul    Feb 24, 2021

    I've been unwell kindly allow me reduce

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  • Duncan    Feb 9, 2021

    He has plans to continue doing the payments soon his business increase on profit side. Right now the business is tough. That was the communication to him.

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  • Paul    Dec 15, 2020

    Business is a bit down will increase soon

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  • Paul    Nov 6, 2020

    I will increase the amount soon

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  • Paul    Oct 22, 2020

    Am so thankful for the faith you have given me, this loan will help very helpful towards my business, thanks so much and be blessed

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  • Georgina    Oct 22, 2020

    all the best paul

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  • Paul    Oct 21, 2020

    Hello, am thankful for the support you have given me so far and my business is growing. Thanks for giving me a helping hand.

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  • Paul    Oct 11, 2020

    This the completed space and the chair where the customers will be attended at.

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  • Paul    Oct 11, 2020

    Gels and nail polish for the spa

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  • Paul    Oct 11, 2020

    Equipment for the spa

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  • Paul    Oct 11, 2020

    Doing some signage to advertise my services

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  • Paul    Oct 11, 2020

    I completed the nail art space and it's up and running

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  • Paul    Sep 12, 2020

    Hello I would like to confirm that I received 28,491 KES which has helped me start the building of the nail spa space.
    Thank you and God bless you

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  • Paul    Sep 8, 2020

    Thank you so much for considering my loan, it will help get the nails spa service. I will keep you posted on progress. Thanks God bless you

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  • Esma    Sep 8, 2020

    All the best paul

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  • morris    Sep 7, 2020

    all the best paul

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  • Paul    Sep 5, 2020

    am so grateful for the help i have been receiving. the loans have helped me grow my business and this wouldn't have been possible without th lenders, for that i say thank you so much and God bless you

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  • Paul    Aug 12, 2020

    The perfumes

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  • Paul    Aug 12, 2020

    I got the perfumes and built a display for them, thanks for your support

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  • Paul    Jul 5, 2020

    This loan will help me get the perfume refills and braids for my shop, thank you lender for your faith in me. I will give regular updates on my progress. Thanks and stay safe

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