7 installments • 43%
Am Glorius and live here in Nakuru County as my place of residence where am also working. I don't live with my family but am also single. I have gone up to form four as my highest level of education. This is a result of unavailable of of school fees to continue paying my fees to college. I decided to be self employed later and opened a small cosmetic shop where I do get earnings to cater for my basic needs. This money helps me to pay for my rent, food, medication when necessary and also save for my business to continue growing.
My business deals with cosmetic products such as earrings, bungles, necklaces, costumes like lipsticks, also hair chemicals and treatments. I chose this business since I know mostly what attracts ladies and therefore the products am sell normall don't delay in the shop, this helps me to get profit that assist me in sustaining my business in a good condition. The only challenge I face is that there is so many cosmetics around but It enables me to provide quality service/ product hence competing the others. This loan will help me to add stock in my shop and also introduce new products which are not available in my shop.
Very glad for your support all to make my loan application successful, This loan has come at the right time when am planning to increase stock in my cosmetic shop. It will assist in adding jelly, hair bands chemicals and other costumes. This will help me to pay my loan and continue with my business.
Jun 5, 2013
Cost to entrepreneur
Lender interest: $100.08 at 6.10% annual rate over 7 months = $3.56
Service fee: $2.15