Clothing sales

Justin

Ruiru, Kenya

17% repaid

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How it Works

Entrepreneur

Name

Justin

Member since

September 2014

On-time repayments

161 installments • 37%

About Me

I am the first born in a family of seven, an accountant at Bidii Investments, and a clothing business owner.

Growing up in a family of seven inspired me to work hard in order to help in supporting the family. As a child, I always dreamt of owning a business. Achieving this dream was not easy, but through personal savings I was able to set up a clothing business.

My hobbies include reading newspapers, magazines, and novels, and also socializing.

My Business

My business entails selling new clothes at retail prices after acquiring them in bulk from wholesalers. Even though over the years there has been influx of secondhand clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of a lack of businesses similar to mine in the business locality.

My typical costs include:
rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$222.2

Most of the profits the business generates are usually re-invested into the business.

Loan Proposal

If granted the loan, l will buy:
- new trousers worth ksh 7,500
- Jumpers assorted worth ksh.10,000
- ladies' dresses worth ksh 2,500
- towels worth ksh.3000
- shirts worth ksh2500
- panties and boxers worth 3,500

With this increase in stock, I was able to generate an extra profit of ksh.5000 per week . Hence, will re invest the profit to reconsider another outlet in future

Income Source

since i have another per time employment of ksh.20000 per month am confident that i will be able to pay confortably.

At the moment the climate is cold so i expect customers to buy more jumper to prevent them from this cool climate.
My business has grown for a period of time and given the profit i make per week i will comfortably pay the loan without struggle considering your loan as lower interest rate compared to other lending institutions.

Given this opportunity i will promise to stick by the deadline of each installment

Show original English

About Me

Am a first born in a family of seven, an accountant at Bidii investments and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family.
As a child i always dreamt of owning a business, achieving this dream was not easy but through personal savings i was able to set up a clothing business.
My hobbies include reading newspapers, magazines , novels and also socializing.

My Business

My business entails selling new clothes at retail prices, after acquiring them in bulk from wholesalers.
Even though over the years there has been influx of second clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of lack businesses similar to mine in the business locality.
My typical costs include: rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$322.2
Most of the profits the business generates are usually re invested into the business.