Fashion upgrade /purchase of fashion accessories
Angela
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Angela
Member since
October 2014
On-time repayments
298 installments • 50%
About Me
I am 22 years old,Professionally I am film producer form Nairobi,Kenya and proprietor at Lemon Collection Boutique
After my high school i went through hard time looking for employment opportunity i was every young and naive i had i my mind that i must be employed in a office or work with Non-govermental organization to succeed in life
In order to start my business, I had to approach a local community organization to give me a boost for a start up small scale business.
What is unique about the land and culture where I live is the fact that women are very smart and know how to dress both official and for event
My Business
My Business involves selling ladies clothing,braids,hand bags and shoes,fashion always evolves every day so i have to change with fashion and always stock the right product for that season.
Demand for ladies fashion is so high so they have to change with fashion and occasion that why women fashion has no season they have to be smart all the time,i dress them to impress from office wear,causal
I choose this kind of business because the demand was high for ladies product both shoes,handbag and cloths,I conducted some market research and did due diligence whereby I discovered that ladies products are very unlikely to lack a market because they are necessities for modern women.
My monthly revenue is $ 500 on average and comes purely from selling the cloths,handbags and shoes. My monthly costs go up to $200 on average, giving me a profit of around $ 300per month,
This profit goes towards, my education, meeting my family's expenses, also saving and reinvest back to my business,I look forward to having a stable family in future as well.
Loan Proposal
Dear Lenders if Give another Chance i will upgrade My Fashion Store to Include more Accessories eg Necklace,ear rings,Bracelets and Rings for my Customer to have a wide range of products to buy when they shop for Clothes
I will Use 200$ to Buy Fashion Accessories and Hand Bags 100$ to purchase more Clothes for Ladies Because Most Ladies Shop alot than Men thus Translate into More Customers.
This is going to improve my business because the Fashion Accessories are in high demand ,and the sales will increase , this will make my profit to be high ,making me to repay my loan ,restock My Fashion Store and have some to save,i do welcome lenders
Thank you so much for the kind support to my business Lenders
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Loan Info
Project Type
Classic Loan
Disbursed amount
$325.00
Date disbursed
Oct 10, 2015
Repayment status
On Time
Projected term
5 months
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