Clothing and perfumes business

Mkuu

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Mkuu

Member since

July 2015

On-time repayments

207 installments • 55%

About Me

I grew In a family of six siblings being the second born used to see my parents working really hard to raise us. Most of the time we used to be left with our mom only while our father who used to travel alot in our neighbouring country doing small business. My mom used to engage in different business especially selling food to support us too

. I finished high school n went to college. Got married and i have six children. I managed to get a loan which i started my business. I also work as a secretary at the national museums of Kenya.

The town I live was a bit conversative where women were not used to work, but now we are all out there n working hard just like men. My community is friendly n very supportive.

Well my first three kids they all want to do medicine my firstborn is already doing it and my twins who are my second have just finished high school still waiting for their university calling letters. My last three are still young to know what they want to be when they grow up.

My main hobby is to make new friends and my business is helping meeting lots of people which I enjoy it to the maximum. My other hobby is to cook especially for my family n they love my food.

My Business

i usually buy clothes from a neighboring country and come n sell in my country. I make a good profit out of it. I sell ladies clothes, shoes for kids n adults, handbags, perfumes, jewellery imitations, bedsheets. Cosmetics. My main sale is the ladies cosmetics clothes an jewellery, because the womenbin my town they like to dress up nnlooking good all the time so my business is always in high demand .

I chose to do this business beacause am a lady and mostbof my clients are ladies sonthe comfortable with me and they love my taste n fashion it tallies with theirs. I also feel comfortable dealing with fellow women.

In a year i usually travel three times to buy my stock n I spend like kshs 150,000. N my monthly revenue collection is around kshs 60,000, which I save some for my next trip n other I help in school fees mostly.

i mostly travel to tanzania to buy my stock. Once I travelled to Dubai, which I hope to do it again when i have enough funds.

My income come from my salary, the profits from my business and also from my husband, the profit I make mostly goes back to inventory but I also help in school fees. Especilly now they are growing up and need to go for higher education.

Loan Proposal

Will buy tights and underwears for young girls. Also perfumes. Out of 400 dollars will spend 100 dollars on underwears which will costs 0.5 dollars each so I will get 200pcs. Another 100 dollars will buy tights which costs 1 dollars each and will get 100pieces. The remaining 200 dollars will buy perfumes which costs 5 dollars and will get 40 pieces.
Underwear will sell at 1 dollar. = total sell 200 dollars
Tights will sell 3 dollars. = total sell 300 dollars
Perfums will sell at 10 dollar. = total sell 400
Grand total will be 900 dollars

So I will have a profit of 500 dollars which I can use to increase my stock

This wil also benefit me to cater for school needs for my children

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G
guenter Oct 3, 2019

Did not pay back, did not communicate

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trincowski Jun 19, 2017

Despite a setback, Mkuu paid the whole loan back, mostly on time. Good work!

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