Inventory and rent for my thrift shop

Entrepreneur

About Me

I am a young entrepreneur who is still in school pursuing a bachelor's in financial mathematics.
Having come from a humble background, life has indeed been a struggle. It has been full of so many ups and downs,however, every time i look back, I am thankful for the many lessons life problems have taught me so far. Its a great honour to be young yet so knowledgable about life.
Growing up seen my parents toil to sustain us abd been directly involved helping here and there, work has become part of my life. My mum never relented reminding me and my siblings that if you don't work you do not eat. Not only did she do that verbally but practically sometimes laying a strong foundation for me.
I have learnt to have joy and happiness in my life. Happiness always leads to a more fruitful life. I know for sure when you take on life with a smile that's when you will know whose life is better.

My Business

Am a young entrepreneur managing a thrift shop and a cosmetics shop. I go to the market and source second hand clothes, repair them and resell them at profit.
This is very common among the poor communities who cannot afford new clothes. Demand is very high for the business is situated in a low income area.
I ventured in the business first because it did not requi alot of capital to start. I also grew up wearing and buying second hand clothes and i thought it was not such an alien ideal and i had sufficient experience to get involved.
Restocking ranges at roughly 20 dollars while revenue is a permit which is 4 dollars per year and a medical certification which is 20 dollars per year.
Profit gained is mostly used to expand the business and pay for my college fees

Loan Proposal

The loan will help me settle my rent bills which have accrued for two months together with electricity and water bills.
I will also add inventory to my business and cater for the transportation costs to be incurred.
Hopeful,the little earnings i get here can assist to pay for school fees and cater for my upkeep and maybe also help my family.
Thanks in advance.

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