Add stock to my second-hand clothing business

Entrepreneur

About Me

My is Franklin married with one child am hard working and determined Kenyan.I have a business that is located at Kaptembwa
Majority of our customers are the residents of the area
The main line of business is suppliers of small selected items like sweets, polythenes etc , photocopy and mpesa
Kamptembwa area is a semi slum and has more the 10,000 residence. I have diversified in my business to ensure that there is continuous profitability.
The main challenge of the business is limited lack of funds and we plough back most of the business profit to ensure business growth. The future plans of the business is to become a small wholesale and include more products than what we are currently having.

My Business

My business is currently located at Kaptembwa area in nakuru town
The main business is photocopy, Mpesa and supplies of sweets and polythene.
On average the business makes 1500 per day which translate to around 40,000 per month
MONTHLY EXPENSES
stocks 15,000
rent 3,000
electricity 1,500
salary and wages 9,500
TOTAL EXPENSES 29,000
TOTAL INCOME 21,000
TAX 1500
This shows monthly business accounts and I believe that if I can have more capital business revenues can increase.The business faces competition from other business hence we need to diversify our products and that is why I need some funding so that I can add stock for my business.

Loan Proposal

For many years i have been doing mpesa and photocopy business, due to competition in the area late last year i introduced Mitumba or second hand cloths at outside my business. The business is doing well. The major challange is limited capital. With good capital it is possible to buy second hand cloths in bales rather than buying in pieces hence make more profit.
Currently i need $30 to boost the business ansd I can be able to raise $20 hence i am humbling requesting for $10 .
My daily sales from second hand cloths is $8 which is adequate to cover most of the costs
If i can get $30 my daily sales will increase to $20 per month.
THANKS ALOT ZINDISHA TEAM

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