Selling second-hand shoes to pay school fees

Entrepreneur

About Me

A was born at Dandora estate in Nairobi city as a first born in a family of five,a was taken to school and i have been able to complete my secondary education and i managed to get a grade of c+.Am currenrty at Mt Kenya university where am persuading a diploma in law.I was raised up by my mom who is a single mother and living without my dad around have made our life very hard and i was forced to overcome alot of hardships to have education.I was intoduced in the shoe bussiness by my friend who encouraged me to start it since it required a little capital to start.I come which is considerd as a ghetto but people are proud to live there and they work very hard to improve their lives.My hobby is travelling,i love to travel alot and meet new new people since that is a good way of increasing knowledge.

My Business

I buy second hand shoes fron Gikomba market and i resell them in Nairobi city.Majority of my shoes are ladies shoes and being a young person,am able to undestand the market where i choose the shoes that are in fashion which are in high demand mostly to young ladies who are majority in the city.I chose this bussiness because it does not require alot of capital to start,am also able to study and work at the same time since i start selling the shoes at evening after my classes.I buy a pair of shoe at sh.100 and i resell it at around sh.300-400. making a profit of sh. 200 minimum per shoe,i sell five to ten pair of shoes daily so i make a profit of sh.1000 to sh.2000 daily.I currently have a stock of over 100 pair of shoes so my stock is worth more than sh.30,000.I use the profit i make to pay for my school fees and also cater for my daily needs,i also help my mom in educating the other siblings.

Loan Proposal

i intend to buy 40 pairs of shoes at 1 dollar each(or sh 80-sh 100),by increasing my stock,i will be able to pay for my school fees for the coming semester,currently an making a profit of between 8 to 14 dollars per day but after i increase my stock,i expect my ptofi to rise to over 18 dollars a day..

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