Clothing & photocopy business funding

Entrepreneur

About Me

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.

My Business

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.

Loan Proposal

Thank you lenders for your continued support and for all the previous loans granted. my business is now on its feet. i wish to invest this loan in the following way: 30% of this loan an equivalent of 230 dollars i am going to use it to stock more female tops plus trench coats, a trench coat in gikomba market is sold for 400 kshs and when i sell it in my shop it goes for 800 kshs. 30% of the loan i will use it to purchase male shirts and male trench coats, male trench coats costs 500 and while i sell them in my shop they go at at least 1200 ksh. the remaining 30% i will purchase another copier machine to be able to cater for the high demand of photocopy from students. 10% i will use it to purchase more stationery and cater for any contingencies. Thank you.

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Loan Info

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