Application for a loan to increase stock

Entrepreneur

About Me

I was borne in the year 1990 in a village called Mogoiywek. I started my primary education in the year 1996 in Mogoiywek Primary School. After my primary education I joined Kaplong Boys High school in 2006. I finished my high school in the year 2009 and joined BCA College for my CPA Course.
All along I have been having a passion for nice clothes which are fitting and trending. When I finished my CPA Course, I started clothing business.

My Business

From my childhood, i have been having a passion for nice clothes. I sell Clothes ranging from men shirts, sweaters, blouses and skirts. These items are on demand because I am fashion conscious and I like to deal with the youths who are many and like my items.
My costs include cost clothes, salary for a lady helping me out in the shop, transport, licenses and taxes.
My revenues come mainly from sales of the clothes.
I use my profits to increase my business and support my subsistence costs.

Loan Proposal

I will add stock of five sweaters each costing Ksh. 150 and seven blouses each costing Ksh. 100. There is high demand because schools are closing for August holiday.
With these I will sell a sweater at Ksh. 300 and a blouse Ksh. 200. This will give me a total profit of Ksh. 750 in sweaters and 7Ksh. 700 in blouses.
This profit will help me expand my business and check welfare of my employee.
Thanks.

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