Stephen
Nairobi, Kenya
100% repaid
Name
Stephen
Member since
March 2021
On-time repayments
7 installments • 43%
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.
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 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.
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
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$23.00
Date disbursed
Mar 23, 2021
Repayment status
On Time
Projected term
4 weeks
Other loans
Amount repaid
$23.30
Amount remaining
$0.00
Date repaid
Apr 11, 2021
Status
Fully repaid
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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