303 installments • 40%
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.
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.
i plan to spend the 550 dollars in the following manner: 30% of this amount i will use it to purchase female tops an equivalent of 165 dollars this amount i will buy female tops which goes for 1.62 dollars each and buy 100 tops which will sum up to 162 dollars, this i will buy in two batches of 50 each.
20% i will also use it to buy male shirts this is also an equivalent of 110 dollars. this 110dollars i will buy shirts which goes for 1.08 dollars each and therefore buying 100 shirts which i will buy in two batches of 50 each.
30% again i will use it to buy a photocopier machine to be able to do some small scale photocopy. this is a promising venture in areas near to a university and hence it will give good profit margins.
10% i will use it to buy printing papers and other printing and stationery materials.
the remaining 10% i will use it as operation float to help me mobilize the business.
Apr 23, 2015
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Service fee: $21.18