Stock for clothing shop

Johnmike

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Johnmike

Member since

April 2015

On-time repayments

289 installments • 83%

About Me

I am Johnmike Okello Opondo was born in Eastleigh maternity unit and raised in Babadogo area an informal settlement.I studied in Korogocho before completing my high-school education in western province of Kenya.Completion of my college education in Diploma in Business Administration led to job search which was hard to find that's when I decided to start business because of the current situation of unemployment in Kenya.The unique thing about our land is that people are really impressed with new things and services and since my services are best I can tell my business will grow well.At the moment I don't have children but i will nurture them to be business people because being self employed at their youngest age will help them a lot.I love football.

My Business

I do clothes and shoe business.I normally travel to the coastal part of Kenya and western border part of Kenya buy ladies clothes,shoes and sandles.These goods are useful because my target market are ladies and ladies love to buy new trends.I chose these kind of business because their is ready market what you just have to do is find new trends and supply.My starting cost was estimated at 62,000kshs which included transport and premise.I use the profit to expand and venture into more business opportunity like the entertainment industry i.e selling movies and music.

Loan Proposal

I would love to buy more stocks in my current business since it is a growing business. My business generates a profit of Kshs1500 per day in which I use to buy another pile of clothes, the business requires good marketing strategy for one to be able to expand. The loan will help me have a variety of stocks hence no shortage will be there. Zidisha helps one to expand their business since it gives one that room to pay little by little hence the good use of profits. The loan will help to carter for transport costs since some of the customers want delivery to be done to them thus the money will be able to offer customers with aftersales services in terms of free transport and delivery.