Buying and reselling of mutumba clothes

Entrepreneur

About Me

Am a young lady aged 23 years. I am a graduate from the university of Nairobi with a bachelors degree in psychology and philosophy. I was born and raised in a poor background and studied under the support of friends, relatives and well wishers. I graduated from the university in the year 2013 and have not yet secured a better employment opportunity. With the little income i earn, i support my siblings in school. I therefore decided to venture into business for more income.

My Business

I buy and resell clothes in the local markets in Nairobi. I started this business while i was in school. I used to buy clothes and resell them during the weekends and whenever i had no classes to attend. I have decided to secure this loan so that i can be able to pay for a centralized selling point and increase my stock. By identifying a selling point, i will be able to maximize my profit because my customers will be able to find me whenever need arises.

Loan Proposal

I will use the money to purchase mutumba clothes for sale. I will buy each piece at around $1 . After wash and iron, i will resell the clothes at around $2.5. This means i will be selling at double price, making maximum profit. I will then use the profit to repay the loan.

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