Increase stock of clothing to sell

Justin

Ruiru, Kenya

100% 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

My business entails selling new clothes at retail prices, after acquiring them in bulk from wholesalers.
If granted the loan i will buy new trouser worth $50,night dress worth $10,ladies dress worth $30,towels worth $20,shirt worth $20 ,Ladies trouser worth $30 and pillow worth $20.
with this increase in stock i will be able to generate an extra profit of $150 every month in and hence beside continuing assisting my younger sister i will continue to extend my help to my older sister by continuing to cater for part payment of school fee in college for the second year of $40 per month.She is expect to complete in September 2018 pursuing a course in Business Management.
Am also pursuing Bachelor of Commerce which i begun this year march and the same profit generated will assist by estimated $30 per month.
Extra Profit generated will be re-invested back into the business.

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.