Adding stock to my clothing-sales business

Iris Kinuthia

Nakuru,kapkures Centre, Kenya

100% repaid

Entrepreneur

Name

Iris Kinuthia

Member since

February 2015

On-time repayments

90 installments  •  10%

About Me

I am Iris Kinuthia, I was born in April 18th 1985 at Kapsabet and my family they still live at the same county of Kapsabet. I schooled at Nyandarua County from Class 1 to class 8 at School known as Rurii Primary school and I later Joined High school at Nyandarua High school.
currently I live at Kapkures Nakuru county where I operate my business for selling clothes as well chicken keeping at my home, I have been on the Business for selling clothes for 2 yrs now and also chiken keeping for one year now and it has been very succesful.

My Business

In my clothing business I do sell clothes of different types clothes to my customers. I do sell trousers for ladies, trousers for men, shirts, skirts, vests and underwear of all types. I sell both new clothes only. Clothing business is on high demand and most of my clients preffer to have something new and presentable. New fashions are coming in everyday and people love updating themselves as the world moves on especially the ladies.

In a month I buy clothes in a wholesale price that worth $150 and I sell them within 2 to 3 weeks. When I calculate the profit I noticed that I make a profit of $70 to $100 in a month. I use this profit to purchase other clothes as I increase my stock and I also use the rest of the revenue to meet the needs of my children at school by providing the necessary support for , and also pay for electricity bill, transport and food as well Business rent.
Loan Proposal
I will buy trousers both for men and women that worth $25, I will buy shirts and skirts that cost$ 17 and I will also buy vests and underwear that worth $15. This will increase stock in my shop thus increasing sales in the shop

Loan Proposal

Dear Lenders, I would like to thank you for this opportunity that I believe it will help me advance my Business, if I am given the Loan I will use it to add more stock to my Business, the amount totalling to $100 will be added to add more stock of new clothes for women in my business which if I sell I will be in position to make a profit of not less than $200 and this will help me pay my loan well without any problem.
in my Business currently I make a profit of $70 monthly this is after paying my rent and all that is needed like water bills and power bills. please help me advance my Business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.38

Date disbursed

Feb 12, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $100.38 at 4.00% annual rate over 4 months = $1.58

Service fee: $1.48

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