Funds to buy new and fashion clothes

Entrepreneur

About Me

My name is Margaret Wambui from Kenya, Nakuru. I come from a nuclear family of five children. We have all finished college and doing businesses. In my family we are success oriented people and we never give up. This is how our parents raised me up. Challenges are there and I am going a very outstanding challenge that I had gone through. This touches my financial life. I had just finished my c ollege and I was looking for an employment. It happened that my friend called me for a job which was a bout 50kms away from home. I did not have cash and neither of my family members had. So what I did is to approach a neighbour of mine who used to be our friends. He did not accept that easily. He asked me if I was going to sell second hand clothes for him after I come to refund his money. I accepted and he gave me the cash. I reached at my friends place and unfortunately the job was also to sell second hand clothes. This heart broken. I had taken my money so that in return I sell second hand clothes and there I was going to be give selling second hand clothes job. I came back to my neighbours job and after a few weeks he gave me capital to start my own business. I just started my business from there. I look forward to expanding this business. My culture is a good one and traditional music is our unique cultural thing. During occassion we listen to our traditional music called Mugithi, This is music mixed with folk dance and other cultures envy it.I want my children to grow wealthy when they grow up.

My Business

My business is doing well. I sell second hand clothes but I want to upgrade it to selling new clothes because it is also fast selling. I am seeking this loan to expand my business so that I earn extra income to support my family. Clothes are on high demand, people are buy it every day. Second hand clothes are bought by low and middle class people. Now I would like to meet the standard of high class people by getting new clothes and fashioned clothes. This will tremendously increase my daily sales thus my income big.
I chose this business because it is a daily business. What I mean is that people buy clothes on daily basis, either for children or adults that is i make a sale everyday. This business also was my life changing opportunity for me. I was introduced to it while paying debt but it became relevant to me and I loved it.
My profits is about 60$ monthly. This is nice. But I can do better than this. My expenses involve food, rent and transport and other home improvements like chairs, tables , beddings and utensils

Loan Proposal

I will use this loan to buy new clothes and fashion clothes. New and fashion clothes are what people are looking for this season. People love taste and change. In order to do this they buy every new clothes in the market and purchase fashion clothes of different kinds to suit different occasions.
With the loan that I will receive I will buy new trousers for me that will cost me 250$ . I will also buy fashion ladys skirts and Tops this will cost a total 350$. I will also buy Coats for men this will cost a total of 200$. The rest amount of 190$ I will buy new brass for ladies, Ladies bags and socks for men, Ties and Vests.
This shall benefit my customers since they will not only find second hand clothes but also new clothes. So they will spend their money in my shop. This will also bring benefits to me since I will gain more profits than before. According to my calculations, I will get almost 200$ in a month. And this shall increase my profits almost 300%.

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