Stock body lotions, hair gels and braids

Paul

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Paul

Member since

April 2020

On-time repayments

58 installments  •  62%

About Me

Am Paul, I come from Murang'a county but currently I live in Nairobi where I run my cosmetic shop.
After completing my university studies I was lucky enough to find a permanent job, that's when I decided to start my business to help me keep going.

My Business

I started my business in 2018, I basically sell all types of cosmetics and beauty.
My products range from braids, creams perfume refills, wigs and weaves.
My main challenge is having all varieties to meet my customers orders, I would like to increase my stock this will help me meet most of my customers order.
With your help am positive I will be able to achieve this and take my business to the next level.

Loan Proposal

Hello, its my sincere hope that you are staying safe during this difficult time.
I would like to apply for a new loan of 14000 kes, this amont will help me get more stocks for body lotions, hair gels and braids.
I will invest 6000 kes on braids, braids move quite fast thats why i intend to give them a higher priority, i will use 4500 to get a variety of hair gel since each customer has their own preference I'll try to get as much varieties to meet my customers' demands, the remaining 2500 kes i will invest it in body lotions.
Thanks in advance, stay safe and God bless you.

Income Source

During this pandemic here in kenya we are operating under a curfew for the time being, am able to open my shop at 7am and close at 6.30pm, so able to attend to my customers, also i have embraced online selling like advertising on Facebook and Twitter, this has helped me reach out to customers who are not able to come to the shop.
At the shop am following all the government directives like wearing of masks, providing hand sanitizers and water and soap for customers.
With the measures i have taken i can say i will be able repay my loans on time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$143.00

Date disbursed

May 30, 2020

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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