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Beauty

Loan to increase stock for my cosmetic shop

John DoeJ
EntrepreneurEzekiahLocationNairobi, Kenya
Project status
100%funded
$397raised
6%paid forward

Am a last born in a family of three, a businessman and a student of bachelor of commerce at University of Nairobi

I was born and raised in then sunny city of Nairobi where i underwent my education.

As a kid i always dream t of being an entrepreneur and starting my business was something i worked hard to achieve.

My hobbies entail traveling, listening to music and dancing salsa.

My business entails selling cosmetics such as:

Lotions

Hair foods

Detergents

Shampoos

Body sprays

these goods are in demand because people need them to look and feel good..

My typical costs include:

rent- $90

electricity bill-$40

county licence-$10

While my monthly revenue usually averages around $320.

I usually invest part of the profits into the business and use part of it to fund my education and for my upkeep.

With this loan i shall purchase;

Body sprays worth $100

Lotions worth $198

petroleum jellies $100

This will further boost the stock in terms of variety thereby leading to more profits being realized and also customer satisfaction.

I project an increase in profit by 13% .