Beauty products and boutique products

Entrepreneur

About Me

my name is millicent wanjiku aged 31years and i am akenyan citizen.I am married with two children.i live in Githunguri estate.i finished my high school in 1999 and joined college in 2001 up to 2003 where i pursued a certificate course in pharmacyy and dispensing.Later i was employed i a District hospital as a pharmcist for two years and also in a epz company for thee years until i was retrenched
i decided to start my own business from the savingsi had accumulated.I started selling clothes shoes,schoolbags,plastic items like buckets basins and also utencils like plates cups,spoons,coooking pans ettc/
This business has helped me purchase a small piece of land and i am still putting up my house there with the proceeds from this business.
I am able to restock my business and support my family and parents at home.

My Business

My busines is called hope shop.it is located along the tarmac near bus stage opposite wings supermarket
i deal with goods like clothes shoes,schoolbags,plastic items like buckets basins and also utencils like plates etc
people prefer my business because i sell my products at an affordable price that most low income earners can afford.The competition is relatively high because of other traders dealing in the same goods but i ensure that i m ahead of my competitors by bringing quality products every time.I already have many customers and my business is profitable.
The main challenge is lack of additional capital to help me expand further and be more competitive.
Monthly income is as below
total income per month 43,000/=
total expenses per month 30,000/=
profit per month 13,000/=

Loan Proposal

Am so glad to write to you again. First I will purchase the beauty products such as the lipsticks , lotions , perfumes and also earings. I will use 30$ to purchase the beauty products. Also I will purchase the doll shoes for the ladies .the doll shoes had different prices because of the quality and the design of the shoes ,so l will use 80$ to purchase the ladies products..Then I will use 40$ to purchase the men's products ,the men's shoes are quite expensive but I will go for best quality but the once that will be affordable to my customers. Because it is school going season I have already introduced school items such as school bags , socks and also plastic items ,so I will use 15$ to boost this section. This will benefit me a lot because I have already enrolled my son in higher education whereas I used my savings so I will boost my business again .By so doing I know my profits will increase from 6% to10% and be able to add my savings and I will also be able to go for new stock frequently.

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Loan Info