Purchase of beauty products stock for my businness
Florence
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Florence
Member since
March 2014
On-time repayments
351 installments • 36%
About Me
I am Florence Wanjiru, I am a university graduate. I hail from Kenya in a family of seven members. I am a humble person, God fearing, hardworking and a responsible person. I believe that success comes from hard work and determination. My determination has enabled me venture in a cosmetic shop. During my free time I like to do charity work in hospitals and within the community where I live. I believe that in business you have to take risks in order to succeed. As a woman I know there is no limitation to what I can achieve with my capabilities provided I am determined.
My Business
Hi lenders,
Thanks alot for the Second loan.I purchased my stock and used the proceeds to repay the loan.
As a woman I have always had a passion for beauty. This encouraged me to open a cosmetic shop in my neighbourhood where I sell beauty products like hair pieces different types of body lotions, hair combs and clips among others. My knowledge in these products enables me to have the latest beauty products of high quality than my competitors. My knowledge in beauty therapy enables me to advise my customers on the best products that suit their needs. This has ensured their royalty. Currently the demand for my products has increased even though am faced with financial constraints to ensure steady and timely supply of goods. The loan will be used to purchase more inventory to ensure I meet the increasing demand. Currently I can manage sales of about ksh 30,000 a week which leaves me with a profit of around ksh 6,500. The business profits will be used to cater for the loan plus the income I get from my part time job as clerk in a neighbouring college.
Loan Proposal
I have a cosmetic business which has been doing well for the last three months. I have intensified the marketing and advertisement part through my friends and old customers. This has been fruitful since i now have more new customers. This has lead to additional sales. Currently i am therefore having the problem of purchasing new stock to ensure availability of all products at all times. I therefore want to use the loan to top-up my capital and purchase new inventory. This will ensure new customers will get the needed products at all times. This will be and will remain to be my advantage over my competitors. Currently i make sales of about Ksh 30,000 which leaves me with a profit of about Ksh 6,500. This is prone to change with the increasing number of customers. I will therefore use the profits to repay the loan. I will therefore appreciate your assistance since even my siblings depends on me for financial support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 11, 2014
Repayment status
On Time
Projected term
10 months
Other loans
Lenders
Australia
United States
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Summary
Amount repaid
$157.48
Amount remaining
$0.00
Date repaid
Feb 4, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 18, 2014 | $3.42 | Apr 18, 2014 | $3.42 |
| Apr 25, 2014 | $3.42 | Apr 18, 2014 | $0.11 |
| Apr 24, 2014 | $3.32 | ||
| May 2, 2014 | $3.42 | Apr 24, 2014 | $0.21 |
| May 1, 2014 | $3.21 | ||
| May 9, 2014 | $3.42 | May 1, 2014 | $0.32 |
| May 3, 2014 | $3.11 | ||
| May 16, 2014 | $3.42 | May 3, 2014 | $0.42 |
| May 15, 2014 | $3.00 | ||
| May 23, 2014 | $3.42 | May 15, 2014 | $0.53 |
| May 21, 2014 | $2.89 | ||
| May 30, 2014 | $3.42 | May 21, 2014 | $0.64 |
| May 31, 2014 | $2.79 | ||
| Jun 6, 2014 | $3.42 | May 31, 2014 | $3.42 |
| Jun 13, 2014 | $3.42 | May 31, 2014 | $3.42 |
| Jun 20, 2014 | $3.42 | May 31, 2014 | $2.13 |
| Jun 17, 2014 | $1.29 | ||
| Jun 27, 2014 | $3.42 | Jun 17, 2014 | $2.24 |
| Jun 30, 2014 | $1.19 | ||
| Jul 4, 2014 | $3.42 | Jun 30, 2014 | $3.42 |
| Jul 11, 2014 | $3.42 | Jun 30, 2014 | $3.42 |
| Jul 18, 2014 | $3.42 | Jun 30, 2014 | $3.42 |
| Jul 25, 2014 | $3.42 | Jun 30, 2014 | $0.31 |
| Jul 24, 2014 | $3.12 | ||
| Aug 1, 2014 | $3.42 | Jul 24, 2014 | $0.41 |
| Aug 7, 2014 | $3.01 | ||
| Aug 8, 2014 | $3.42 | Aug 7, 2014 | $2.87 |
| Aug 22, 2014 | $0.55 | ||
| Aug 15, 2014 | $3.42 | Aug 22, 2014 | $3.42 |
| Aug 22, 2014 | $3.42 | Aug 22, 2014 | $3.08 |
| Aug 30, 2014 | $0.34 | ||
| Aug 29, 2014 | $3.42 | Aug 30, 2014 | $3.42 |
| Sep 5, 2014 | $3.42 | Aug 30, 2014 | $3.42 |
| Sep 12, 2014 | $3.42 | Aug 30, 2014 | $3.42 |
| Sep 19, 2014 | $3.42 | Aug 30, 2014 | $1.15 |
| Oct 2, 2014 | $2.27 | ||
| Sep 26, 2014 | $3.42 | Oct 2, 2014 | $3.42 |
| Oct 3, 2014 | $3.42 | Oct 2, 2014 | $3.42 |
| Oct 10, 2014 | $3.42 | Oct 2, 2014 | $2.65 |
| Nov 2, 2014 | $0.78 | ||
| Oct 17, 2014 | $3.42 | Nov 2, 2014 | $3.42 |
| Oct 24, 2014 | $3.42 | Nov 2, 2014 | $3.42 |
| Oct 31, 2014 | $3.42 | Nov 2, 2014 | $3.42 |
| Nov 7, 2014 | $3.42 | Nov 2, 2014 | $0.72 |
| Nov 30, 2014 | $2.71 | ||
| Nov 14, 2014 | $3.42 | Nov 30, 2014 | $3.42 |
| Nov 21, 2014 | $3.42 | Nov 30, 2014 | $3.42 |
| Nov 28, 2014 | $3.42 | Nov 30, 2014 | $2.21 |
| Jan 5, 2015 | $1.21 | ||
| Dec 5, 2014 | $3.42 | Jan 5, 2015 | $3.42 |
| Dec 12, 2014 | $3.42 | Jan 5, 2015 | $3.42 |
| Dec 19, 2014 | $3.42 | Jan 5, 2015 | $3.42 |
| Dec 26, 2014 | $3.42 | Jan 5, 2015 | $3.42 |
| Jan 2, 2015 | $3.42 | Jan 5, 2015 | $2.74 |
| Jan 11, 2015 | $0.68 | ||
| Jan 9, 2015 | $3.42 | Jan 11, 2015 | $3.42 |
| Jan 16, 2015 | $3.42 | Jan 11, 2015 | $3.42 |
| Jan 23, 2015 | $3.42 | Jan 11, 2015 | $3.42 |
| Jan 30, 2015 | $3.42 | Jan 11, 2015 | $3.42 |
| Feb 6, 2015 | $3.42 | Jan 11, 2015 | $3.27 |
| Feb 4, 2015 | $0.15 | ||
| Feb 13, 2015 | $3.42 | Feb 4, 2015 | $3.42 |
| Feb 20, 2015 | $3.42 | Feb 4, 2015 | $3.42 |
| Feb 27, 2015 | $3.42 | Feb 4, 2015 | $3.42 |
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