Increase women shoes stock for the festive season

Handson

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Handson

Member since

October 2014

On-time repayments

136 installments • 85%

About Me

I am a self-motivated young man who believes that nothing in this world is impossible. I grew up in western Kenya, where I also studied and successfully completed my O-levels. I am the 3rd born in a family of eight. After completing my O-levels I moved to Nairobi to look for employment as I could no longer depend on my parents, who had to pay tuition fees for my younger siblings. I struggled for a while but soon got a job as an attendant in a local boutique shop. This is where my fascination with women shoes started. I worked there for 18 months, on meager salary, and managed to accumulate some small savings that enabled me quit the job and open my own shop selling women shoes.

My Business

My business involves selling women shoes. I stock mid to small range types of shoes, which are affordable to most women in my neighborhood. The business is season dependent. I register most sales during the months of December, January, April and August.
I specialize in women shoes because, unlike men, women, even in my relatively poor neighborhood, like buying more and more shoes, which means that they is always demand for my products.
In the high season months, I average weekly profits of about 100 dollars whereas in the low season months, I average weekly profits of about 30 dollars. My typical monthly expenses are as follows: business premise rent of 50 dollars, my personal living expenses of 80 dollars and other miscellaneous expenses of 30 dollars.

Loan Proposal

Dear lenders,
I humbly seek your support in funding my loan fundraiser.
I would like to increase my stock of women shoes as we approach the festive season. December is one of the months that my business registers increased sales and i would like to capitalize on that so as to boost my profitability.
Particularly, I want to increase my stock of flat open shoes that always offer the highest profit margins and more sales because in Kenya, December is usually a hot month. The flat open shoes for women wholesale at 1.5 dollars per pair and I intend to stock 30 pairs which will cost 45 dollars.