Business expenses and expansion of clothing business

Edina

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Edina

Member since

May 2015

On-time repayments

71 installments • 65%

About Me

I grew up in Nairobi but was in boarding school for most the time. My primary school toughened me up for my future. Very strict and displine oriented. Secondary school was in a different part of Kenya and made it even more exciting for me because I was able to visit and interact with people from another culture.
Even though I did not have a job I saved the money my husband would give me and I started buying second hand clothes. Just started with a few pieces then after they were sold out I reinvested the profit.
People are very friendly and caring in the environment I live in. Am able to interact with them in there homes as I sell my clothes. I also sell my clothes online through Facebook making use of the online market.
Interesting thing is that my children want to be a doctor and a pilot once they grow up. No one wants to be a business person like me which I find amazing.
I like cleaning. I find washing clothes and cleaning were I live relaxing

My Business

I started my business 2 years and 4 months ago. I started it with a capital of 10 000ksh Which I got from savings acquired through the pocket money my husband gave me from time to time. Getting a job was proving to be difficult and need of an extra income was increasing. My small children were starting school and my husband needed a hand.
I started by buying second hand clothes for children and after selling the stock to my friends and relative I got some profit which I put back in to the business.
I now have moved to buying and selling new clothes. The business is good but I need to add the stock to open a shop because I am currently operating from home.

Loan Proposal

I want to pay for business delivery expense worth 30 dollar then add some more money to book for a shop worth 120 dollars per month. Once I put the deposit the next month I can focus on getting the shop so that I can start add stock and expand . This will help in my expansions process and also help my clothes to be visible to more customers. Especially the walk in customers that i can not reach from home or online. Once I expand I expect my profits to double and faster sales. This will intern help my business to be more stables and get school fees for my children in the next term.