Entrepreneur
Name
Stephen
Member since
March 2021
On-time repayments
7 installments • 43%
About Me
An experienced hotelier within Africa for the last 10 years
I have built successful hospitality establishments ranging from Hotels to restaurant's in more than 10 countries in the last 10 years,
Recently taken up a new challenge that has great rewards in the near future.
My Business
I have recently taken up a new challenge of opening up a human hair business.
Due to the contacts that I have made during my travels I have been able to source great quality 100% remy virgin hair that is in demand due to the quality and able to resell in Kenya for great margins.
I have been able to source great hair, grade 11A & 12A , brought some samples as well which were well accepted by the market & definitely shows a good demand for this quality.
The business is quite new, has great demand but would require a good stock on inventory to begin with.
Loan Proposal
The loan shall be used for ;
• Stock inventory
• Market Inventory
Income Source
Due to the business model that has been structured, our profit margins are well between 50% to 100% therefore paying the loan would not be a problem.
The challenge would be getting enough money to procure inventory.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$14.00
Date disbursed
Mar 11, 2021
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
Summary
Amount repaid
$14.56
Amount remaining
$0.00
Date repaid
Mar 11, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 22, 2021 | $14.56 | Mar 11, 2021 | $14.56 |
Ask Stephen a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.