Additional stock of shoes

Entrepreneur

About Me

My name is Simon Mwendwa. I am a young man doing business in Mombasa city where I relocated from my rural home of Makueni county shortly after finishing my secondary school education.

I got into this business because I am a very enterprising person who desires to go to great heights in business world. I love traveling and meeting new people.

I am currently single but hope to settle for marriage in a few years to come.

My Business

My business entails selling of all types of shoes. I source my stock from the capital city of Kenya - Nairobi where they are sold at an cheaper price. I occasionally buy some from big stores in Mombasa when not buying in large quantities.

I sell about 15 pairs of shoes per week were I make a profit of $80 from the sales. I use this money to grow my business as well as for my upkeep. I hope to expand my business in the next few years so as to be able to serve more clients and get more income from it.

Loan Proposal

I will use the money to stock up my shoe shop. The timing is perfect because the festive season is in the horizon and this is the time that my sales soar. I will mostly buy ladies and children shoes and this money will enable me get about 6 pairs of ladies shoes and 10 pairs of children shoes. I am hoping to get a profit margin of about 30%.

The income so realized will be put back in the business so as to accelerate growth while at the same time use it for my daily upkeep and repaying this loan.

Thank you.

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