Gifted beauty second hand clothes

Entrepreneur

About Me

I am a 22 year old university student. I am from a poor family, hence i am raising my fees through my small business. I operate an m-pesa and a cereal shop as well as typing services. Apart from the shop, I also trade on second-hand clothes popularly known ass Mitumba in Kenya. After i completed form four in 2012, i was employed in an a shop where i earned ksh 5000 pa month. I saved 2000 per month and invested in the charcoal and fish business which helped my own my first shop in 2014. After I joined University in 2014, i learned computer basics on my own and started using the skills to earn myself some income. Currently, I type articles for different clients and make at least 500 bob per week. I have been able to buy a computer and start typing services in my stall. Apart from expanding my stock of clothes, I also plan to increase my clothing sales so as to be able to start a cyber cafe mid-next year.

My Business

My business is retail. I sell cereals and operate an m-pesa shop. Much of my finances are through savings since i have not been able to get any loan from any organization. I also typewrite and offer other writing services. I mostly use the income from typing to expand my shop. I am also engaged in charcoal and fish trade but this, I do on demand. With the Kes 400 loan i received from Zidisha, i bought a stock of mitumba clothes which i have been selling. Since then my capital for mitumba clothes has risen to 2000 and i have managed to repay the borrowed loan. Zidisha is empowering me and I wish to go greater heights. Zidisha is helping me realize my dream. I have now discovered that am making a substantial amount from selling clothes. Hence, I intend to gretly increase my stock of second hand clothing. This will enable me accumulate enough profits to start a small cyber cafe because due to the increased cost of living in Kenya, an unemployed person like me cannot depend on a single line of business.

Loan Proposal

with the 630 I will buy additional stock of clothes which will increase my sales substantially
the money is enough for 6 trench coats each going at Kes 100 after which i will sell them at 250 each, giving out a profit of 150 p'er coat
Given that i normally sell three coats p'er day, my profit will increase, hence i will be able to repay back the loan and finance my personal needs such as stationery for my studies
Therefore, the money will not only improve my business but it will also help support my education which is very important to me yet i am facing financial' difficulties

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