Clothing/shoeware restocks

Entrepreneur

About Me

My names are Mercy Chebet. I am a permanent resident of Chepkosa village, in Bomet. I am married and we are blessed with three children. I completed my secondary education in 2013. After looking for a job in vain, I decided to venture into business of selling new and second hand clothes. Later as the business grew I introduced shoe wares. The proceed income from my business is put back to the business and the rest is used to support the daily expenses of my house hold.

My Business

My business deals with the new and second hand clothes, shoes wares. There is demand for these goods especially the second hand clothes due to the government regulation of the cotton industry. The demand is also due to my competitive price to the customers. Customers prefer my business because of the ideal strategic location of the business. I am polite and courteous ant that is the reason customers prefer my business. The business is profitable because I am able to add stocks and I can see it grow each and every month and now especially after joining ZIDISHA org. My monthly cost of sales is > Kshs 40,000.00. Total Monthly sells is > Kshs 80,000.00
Transport cost and other expenses: Kshs 10,000.000, Rent Kshs 2000.00
Total expenses Kshs 12,000.00.
My monthly net profit > Kshs 28,000.00

Loan Proposal

I need an amount of US $560. I intent to buy 5 bails of clothes and 4 bail of shoe wares to restock an existing stock.
I have manage to build more customers for my goods as a result of my good communication skills with customers which has drive my customers have faith in my work hence. Also funding from ZIDISHA is another important factor to my business expansion.

Your financial funding of $560 will enable me purchase as follows:
 Five bails of clothes at the cost of $60 each = (5 x 60)= $300
 4 bales of shoes cost $65 each= (4 x 65) = $260
Total cost= $ 560
EXPECTED PROFIT
A bale of clothes sells at $90 each when fully sold hence a profit of $30 each bail which gives me a total profit of $150.
The bale of shoes sells at $95 giving me a profit of $30 each earning me a total profit of $120.
Total profit earned is $150 + $120 = $ 270 when all is sold. Depending on how fast the goods move, the profit can double to $ 540 per month
I will try my best to be prompt in repayment and make sure I clear the loan in time. I hope you will find in your hearts to consider funding my great project again.
Sincerely,
Mercy Chebet
Thanks.

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