Procuring inventory for human-hair business

Stephen

Nairobi, Kenya

100% repaid

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

Loan shall be used to procure inventory, as time goes by, inventory shall be increased over time,
The products are sold at good margins and some at both wholesale & retail values.

Income Source

The stock is usually sold at between 50% to 100% margin, depending in the inches procured and the type as well.

The minimum gross margin is 50% up to 100% gross margin therefore like the previous funds it would be easy to pay back the funds on a timely schedule

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.00

Date disbursed

Mar 23, 2021

Repayment status

On Time

Projected term

4 weeks

Lenders

Vratik Krocik

Prague, Czech Republic

J

Jason

West Palm Beach, United States

Maria Lawler

United States

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Summary

Amount repaid

$23.30

Amount remaining

$0.00

Date repaid

Apr 11, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Apr 5, 2021 $5.83 Mar 23, 2021 $5.83
Apr 12, 2021 $5.83 Mar 23, 2021 $0.37
Apr 4, 2021 $5.46
Apr 19, 2021 $5.83 Apr 4, 2021 $5.83
Apr 26, 2021 $5.81 Apr 4, 2021 $5.55
Apr 11, 2021 $0.27

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