I will use the money to add more stock of goods

Entrepreneur

About Me

My Names are Milka Atieno Ojuka.I live in Nakuru County Headquarters in the city called Nakuru.I completed my secondary school in the year 2000. After this, in the year 2003, I joined a college in Nakuru city whereby I did my business entrepreneurship course. After the completion of my course, I was employed at a famous supermarket in town in the year 2004.I worked there for about six years then i was laid off. After being laid off, I then thought of an idea that would help my family financially. It is then that I decided to open my own business to cater for my family daily needs.I am a mother with two children (a boy and a girl). My first born is a boy and he is in class eight(8),my second born is a girl and she is in class (5).

My Business

I do the business of selling new clothes(boutique), Ladies handbags, shoes and Jewelry. I started it immediately in the year 2010 after i was laid off with the little money I had from my previous savings. After a year, that is in the year 2011, I was given a loan by a Sacco called Jijenge self help group,whereby I managed to add more stock in my boutique business.The boutique services you can get here are ladies clothes, handbag, ladies shoes, and jewelery among other services.I sell mostly ladies goods because they sell much faster and they earn good profits. Prices for shoes range between $6 to $12, dresses range between $13 to $20 Handbags range between $7 to $ 12 and jewellery range between $10 to $15. I am able to sell at affordable prices because I get my goods from Uganda.Goods are much cheaper in Uganda than here in Kenya. Because of my prices, I normally get customers who buy my stock in bulk to go and sell in other towns in Kenya. This business is very profitable, It pays for my children's school fees, and even cater for my family needs. My shop is strategically located at the heart of Nakuru City, along Gusii Road opposite Mount Sinai Hotel. My biggest challenge right now is lack of money for buying more stocks of goods. I have loyal customers who normally buy in bulk. I therefore require a bigger stocks of goods in order to maintain all my customers. This will enable me to sell everyday and make good profit. I therefore request lenders to help me make my dream come true. In future, I would like to establish more boutiques shops in other areas of Nakuru town.

Loan Proposal

First, I want to take this opportunity to thank Zidisha for giving me an opportunity to apply for a second loan. I will use this money to add more stock in my business. Currently I am buying my stock of goods from Uganda at cheaper prices. I will therefore use this money to buy more new clothes, jewelry and stock of shoes for sell. This is because my business is currently doing well and I have a lot of customers who are now buying my goods in wholesale. This money will also help me rent a bigger premise in order to be able to have enough space for my goods.

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