Name
Annastacia
Member since
July 2013
On-time repayments
73 installments • 51%
I have a diploma in business management from KIMS collage and i have a lot of experience in doing business and management. I have been employed in various companies and i want to shift this experience into my own business. I am a go getter and i know my business will be a success with help of the Zidisha loans. I have been held down by a source of capital but with zidisha it is the greatest opportunity that has come my way. I want to start a cosmetics business together with my little savings. the business will be situated at Zimmerman because there is no other such business.
The cosmetic business is highly profitable and therefore, i will be able to repay my loans in time and as agreed. There is a lot of demand for this products especially by the ladies who have to buy different hair products in a very short time. The nearest competition of my business is a supermarket and given there are always long queues in the supermarkets people will opt to buy products from my shop. Growing with Zidisha will be the best thing because i will be able to increase the stock with the new loans i will apply. The costs i will incur will only be a business permit and rent.
The loan will be used to buy products to start my business together with my savings. Since this money cannot rent out a premises for a business, i will be hawking to saloons around the area for the first two months, so as to get rent for business premises. This will allow me to expand my business. The profit will be reinvested and therefore, when i get the rent and other legal requirements i will have the necessary stock to keep my business rolling and profitable at the same time.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 6, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Ask Annastacia a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...