Increase stock for my clothing business

Entrepreneur

About Me

My names are Leornard Ekesa ,Iam a male Kenyan citizen aged 32 years old .Born in Busia county ,Matayos division ,Nasewa location ,Buyama sub-location .I was educated in same area up to class eight.Iam married ,a father of four chidren,two boys and two girls.Currently for the last 15 year I have been living in Eldoret Town doing business together with my wife.

My Business

My business is that of buying and selling used clothes (mutumba) in Eldoret Town ,Eldoret West market.I like my business because it enable me to support my family and even plough back profits thus growth .I have enough experience in that business because long even before I opened my own business I had an opportunity to work with my elder bother who was doing the same kind of business for seven year (year 2003 to 2010) same town and market .I have been operating that business since the year 2011.
Averagely my monthly expenses and profits are as follows:-
Monthly gross profit before deducting expenses US Dollars 330
Monthly expenses are as follows:-
My business stall rent US Dollars 46
My house rent US Dollars 28
Other business small expenses US Dollars 68
My family upkeep Us Dollars 100
Total expenses Us Dollars 242
Nett Profit (average) US Dollars 88

Loan Proposal

My loan proposal is that if funded all the US Dollars 100 I intend to use it all to boost by business stock as I target end year business.Business is always very good in December every year because of these festive season customers here tend to buy a lot.Thus I expect high sales in December so in preparation for that I would like to have enough stock in order for me to experience high profits in these season.
I do expect increase in sales of up to 200% to 300% if funded because I will have enough stock to sale.Otherwise God bless you ,looking forward to your wise consideration.

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