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, i would like to apply for a new loan of KES 62000 to help me stock up my beauty and get more products for the nails spa.
This how am going to invest the loan:
1. I will increase shampoo products for an amount of kes 12000, i will get different quantities in order to meet the customer needs.
2. I will use kes 15000 to invest in body creams and lotions this will help me get a variety to be able to meet all the customer's needs.
3. The perfume business I started is going will, I will invest kes 10000, to add more perfumes this will give my customers more varieties to choose from.
4. I will invest kes 10000 on braids the salons are back and the demand has gone up being able to have enough stock will help me meet my customers orders.
5. I will invest kes 10000 to get gels for the nails spa I will get 5 temperature colors and 5 normal gels which will cost KES 1000 for a bottle.
6. I will invest kes 5000 on products like detol, nail polish remover stick ons and nail polish
This will help me serve my customers more efficiently at the nails spa.
Thanks for giving me a chance and be blessed.
Income Source
Our economy is opening up and that's helping my business since most customers are coming back, I have also continued selling my products online this has helped me boost my sales. I have also been marketing my nails spa online which is bringing in more customers.
With the measures am taking it will help me be able to repay my loan on time.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$572.00
Date disbursed
Oct 23, 2020
Repayment status
Late
Projected term
7 months
Lenders
United States
Japan
Japan
Ask Paul a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Torry Oct 22, 2020
rowan hill Oct 21, 2020
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