New stock of clothing to sell

Entrepreneur

About Me

I am a 30 year old born again christian. I have a form four certificate and a certificate in theology. I am a business woman dealing in second hand clothes. when my mom become sick in 2007, i had to cut off my education and look after her. since she was a single mother, i had to look for ways to make sure she got her medicine after extended family members stopped helping her. I started selling second hand clothes with an initial capital of just $ 5 (Kshs 500). I did the best but she had cancer and has since passed away. i continued with business and i purchase second hands clothes from gikomba market and sell them at my stall in Ngarariga town. The growth of my business has been slow and would do with some financial boost.

My Business

After selling clothes here for more 5 years i have a good customer base. i mainly deal with women clothes. this is how i earn

monthly turn over $500 (Kshs 43,000)
Expenses approx.(business) $115 (Kshs 10,000)
Rent and food & other expenses $ 93 (Kshs 8,000)
Miscellaneous $ 60 (Kshs 5,000)

Balance $232 (Khs 20,000)

That is how my business is and the amount of money i make from it. going with these figure i will be able to service my loan without any problems. Thank You in advance and may God Bless You

Loan Proposal

This is my third loan and I want to take the loan so as to add more stock to my business. I want to get second hand children clothes to diversify from the men clothes that I currently sell. I look to tap into the market that is currently unattended to in my home area. Since I know the market dynamics here, I am hopeful that I will make some good money out of the venture.

Thank you so much

Mercy

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