Ladies' shoes & handbags to stock in my clothing business
Regina Mary
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Regina Mary
Member since
January 2015
On-time repayments
289 installments • 80%
About Me
I’m the second born in a family of eight. Since my parents didn't have enough money to pay school fees for all of us, I didn't advance much in education as I was forced by the circumstances to do odd jobs to support my younger brothers and sisters. I was employed as a tea girl in a local primary school and it’s from that job that I saved some capital that helped me start my current business of selling second hand clothes. I would want to see my children grow to become successful people who shall make a difference in other people’s lives. Besides working, I love taking a nature walk, meeting new friends and reading magazines during my free time.
My Business
My business involves selling of both new and second hand clothes for women and children. Initially I started with selling the second hand clothes only, since majority of the citizens are not able to afford new clothes but still need to look decent in their outfit. Currently, I’m also selling brand new clothes, since demand for them is slowly increasing as the purchasing power of my customers increase. It’s also an open secret that women are the highest buyers of clothes, as opposed to men. In a typical day, my incomes ranges between 20$ to 30$, and I set aside 7$ each day, to cater for my running expenses like rent for the shop, transport, lunch and several other expenses. This leaves me with between 16$ to 23$ which helps me to cater for other needs like providing food for my family, paying rent for our house, paying school fees, expanding my business and also extend a hand of help to the more needy like the kids in children homes.
Loan Proposal
Hello Lenders. This is what i plan to buy with the new loan;
1. Twenty pairs of Ankle stacked heeled sandals going at 7$ per pair, and sell at 10$ per pair, giving a profit margin of 3$ per pair.
2. Ten pairs of Open toe buckled sandals going at 6$ per pair and sell at 8$ per pair, giving a profit margin of 2$ per pair.
3. Ten pairs of Stylish leather sandals going at 7.8$ per pair and sell at 11$ per pair, giving a profit margin of 3.2$ per pair.
4. Twenty pairs of Women flat shoes going at 5$ per pair and sell at 8$ per pair, giving a profit margin of 3$ per pair.
5. Ten pairs of Wide fuschia open courts going at 9$ per pair and sell at 13$ per pair, giving a profit margin of 4$ per pair.
6. Fifteen pairs of Classy ladies boots going at 11$ per pair and sell at 14$ per pair, giving a profit margin of 3$ per pair.
I expect my profit margin to grow by approx. 20% per month from the next two months. I will use part of the profit to expand my business, by adding more stock and opening other new joints and the rest of the profit to assist my family and needy members in the society. Thanks a lot for your anticipated help..
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Loan Info
Project Type
Classic Loan
Disbursed amount
$612.00
Date disbursed
Jun 28, 2016
Repayment status
On Time
Projected term
15 months
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Catherine Jun 1, 2024
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