Add value to my stock by new fashion clothes

Margret Annastancia Nyokabi

Egerton, Kenya

26% repaid

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How it Works

Entrepreneur

Name

Margret Annastancia Nyokabi

Member since

March 2014

On-time repayments

149 installments • 19%

About Me

Introduction ;i am a single lady with .born in a family i .am the 4th born in our family my education level is o level .after my level i joined college in Nairobi womens hospital where i did home nursing due to lack of employment my dad took me to Dubai to go and work there as security .i got money and decided to be geting clothes from there and sell or retail. my business has grown and i thank god since it has supported by younger ones to complete school.i have worked in dubai for 2 years in the security department while there i discovered i could begin a business in kenya for clothes and use the money i had earned and saved to begin a business.this plan succeded i have a vision of going back to college and study nursing since that is my profession my hobies include playing netball farming during my resting time i like doing kitchen garden and listening to gospel music. my interesting story is that i started growing some barley grass using mordern technology which grows in seven days hence .this is very interesting coz i can sell this at to dairy farmers while I dont use soil to grow but spray with nitrate it’s a mazing because i grow it on just a plain iron sheet

My Business

My Business Proposal; my business is located at egerton university opposite the gate I attract a lot of students and staff my customers are mainly the students and staff .my business has a very high demand since I sale fair prices and I don’t have any competitor since my products are unique .my main secret why my customers love me is I am .available and I sell current designs or fashions .i also have business cards that I use to market my goods I sell mostly ladies clothes , since I did not have money I made a stall which is cheaper than renting .but thanks to zidisha because now my business has grown I can now rent a shop and sock more clothes my monthly costs include paying tax @us dollars 35 transport and accommodation to Uganda per month @us dollars 176,licence in a year 176us dollars in a year,misc costs at @58 after all the deductions my profit is 352us dollars this helps me to pay my bills electricity,rent,pay fees for my siblings water bills and buy food .my main challenge is when students close my sales go down however I manage to sustain the business by going to sell out on mobile market my main target is to have a big well stocked shop with all fashions of clothes for both male and female students including shoes bags etc

Loan Proposal

I will go to uganda and get new fashion clothes to add value to my business .the 200 DOLLARS to purchase teens skirts and T-shirts so that i can attract more customers to my shop since most of my clients are students and hence i will make more profits and be able to repay my loan faster and better .the balance of the money around 40dollars iwill use for transport and accomodation.thank you so much as you consider my application