Inventory for my clothing shop

Entrepreneur

About Me

I spent most of my childhood and primary education in Kawangware where I currently reside. Due to financial difficulties I was not able to further my studies to college despite getting good grades in high school. I started doing casual jobs to avoid relying on my parents and in the process when doing a construction project my employer saw something that prompted her to employ me in one of her clothing store to be running errands. Due to my handwork, resilience and curiosity to learn more I was trained and promoted to a sales assistant position and that is when I realized I was good in sales and have never looked back since. I am currently employed in a bridal store.

My Business

I have been employed in the sales field for over 13 years now. My love for dressing people, customers complimenting my work and the need to be my own boss motivated me to venture into business. Due to the high costs of starting a high end retail clothing shop and importation costs I saw it wise to start a second hand store where I would target the medium and low income earners. I observed and realized there were very few shops that specialized in men clothing and saw the gap of men shirts which was scarce yet 90% of men you meet are wearing shirts. This is when the idea of “Stylishats Boutique” kicked off in March 2016, a shop that specializes in stylish, quality, designer gently used shirts.

I used most of my income that I had saved up in an investment policy to start the business and also my employment salary kept me going. My major expenses are stocking, rent and salaries and most of the profits I receive is currently reinvested back into the business, and improve my family living standards. My wife helps manage the business and I re-stock and take care of the financials as well as training the staff.

Since I joined Zidisha I have been able to expand further with the financial help I have received by increasing my inventory and opening another branch in my rural home where I do my clearance sale from for the items that are not doing well in town.

Loan Proposal

Due to the high demand for my uniquely selected shirts I require to increase the stocks to reach 500 pieces which is what I deem fit to run the business smoothly. I currently maintain stocks of 400 pieces in my two outlets which is not sustainable and an additional 100 pieces will create a big impact in creating variety to meet the high demand.
I will use the loan to buy the shirts @1.5 dollars each which I expect to make up to 150% profit within a month and re- invest it back into the business until I reach my target of maintaining 500 pieces and above.
When given the loan it will transform my business and increase my profit margins and most importantly get clients coming back because of my variety.
Thank you in advance for your consideration.

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