Verosa kinyozi and beauty 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

currently i will increase the stock by purchasing more machines and also lease for new premises to increase the customer base.the market value for a good machine costs approximately USD 80 and i require around two machines.the premises lease will cost around USD 120 to lease and USD 30 for a deposit of three months.
The benefit expected will be much more compared to the previous loan i received from my lenders.through expansion of the business the market share will definitely grow.more customers will be served, and also i will create job opportunities for more people. The estimated profit annually is USD 3000

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$319.00

Date disbursed

Mar 31, 2017

Repayment status

On Time

Projected term

11 months

Lenders

Paul Buchheit

Mountain View, United States

B

bscent

Hong Kong

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

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