Add Inventory to Clothing and Shoes Business

Entrepreneur

About Me

i am James Muigai maina 24 years old. i come from a family of three,where i have 2 small brothers one in primary school and the other in high school. i am a certified public accountant of Kenya and currently i am pursuing my bachelors course online.i recently got a job in thika where by i work as an M-PESA attendant in thika town. due to the financial condition because my father recently was involved in an accident and lost his arm i have had the obligation of supporting my family. due to this factors i thought of a business venture of selling males shirts and female tops.

My Business

as i said earlier i came in to the business of selling female tops and male shirts, this i do it mostly in the evening during the rush hour where by i have been standing in thika town streets mainly near Gathimaini Chemist and also near Mac-vast hotel which are the major streets in Thika and have the most population during the rush hour. i decided to deal with female tops and male shirts mainly because of the nature of ladies being so much into impulse buying. i buy these clothes from Gikomba market where for example i buy a shirt at 100 shillings and then when i come to selling i do sell them at least at 200 shillings thereby making a profit of at least 100 shilling per cloth and due to my reliability i have been able to have some loyal customers and thus i am able to make sales each evening to about 6 people thus making a profit of at least 600 shillings which i use to assist my family and pay for my school fees.i also started a photocopy business which is also much profitable, although i have not yet been able to come up with a method of determining the profit per unit but so far it has reached the break even point.

Loan Proposal

i
want to spend the 150 dollars in the following way: 92 dollars i will
use to buy 20 female tops and 20 male shirts which each retails at 2.3
dollars in gikomba market and then try and sell them at around 3.2
dollars thereby making around 75% profit. i also thinking of running a
second hand shoe business which i will run con-currently with the
clothing business. i want to start with 15 pairs which i will purchase
at 3.47 dollars each and try and make 50% profit as a starter.

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Loan Info

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