Inventory of more nursary school uniforms and ladies wear

Persh

Eldoret, Kenya

59% repaid

Entrepreneur

Name

Persh

Member since

February 2015

On-time repayments

69 installments  •  20%

About Me

l am a first born in a family of three children and I have one kid. I studied in Elburgon in Molo constituency of Nakuru county and completed by O-level education seven years ago and after staying for one year without getting a job since I didn't have a professional course that was needed by most employers, I got sponsored by a welsher in my village to join college where I studied business and entrepreneurship course,then thereafter I started looking for job opportunities in the town and later after four months I got a job opportunity where I was employed by a relative as a sales and marketing representative in his boutique where i used to market clothes and school uniforms in shops and schools respectively. I did that job for one and half years and after that, I decided to start my own small boutique with little savings that I had manage to save with an objective to increase the size of stock and space . The reason I started my own business its because since I was a young girl in primary school I had a vision to be an entrepreneur so that I could employ people in my village because many of them our jobless and they could not feed their family and so with the education that I acquired in college and practical skills and experience that I obtained while working as a sales and marketing person it was enough for me to start my own business.

The unique about the place where I live is that the area is metropolitan and cosmopolitan with large population which make demand for my products high. In-addition that are many nursery schools around in which I will be going directly to send the school uniforms directly.

My young boy would like to be a doctor when he grew up so that he could treat the community.I like watching movies during weekends and reading motivation books before I sleep.

My Business

I sell clothes to the general community and schools uniforms for nursery school children.
The school uniforms are high in demand since its compulsory for all the schools children to go with school uniforms to school, and also there is a high number of children who join nursery school every month and in-addition, the number of nursery schools around the area is high approximately 25 and with approximately 3500 children and with those factors highlighted above makes demand for the uniforms i.e socks, shoes ,jacket,t shirts, shirt high.

Then the demand for the clothes that I sell to the general public is also high especially lady's clothes because there are a number of colleges and universities around and most students like to change with fashion of the day.

The clothes that I sell are liked by most residents as they are, cheap,
accessible and affordable and to some clients I do deliver directly to their home. In-addition, most residents buy from me because my business is strategically located within the town where most residents assemble whenever they want to buy clothes.

I choose this kind of business because before I stated this business I was doing the same job with my aunt at her boutique and therefore I have permanent customers who contact me whenever they need special cloths such us men and lady's wear which I do deliver them directly to their homes, I addition I have practical experience of sales and marketing of clothes which makes easier for me to sale my products to clients.

The profit that I get in a month, I use to pay for school fees for my son, cater for my daily basic needs at home and the remaining reinvest to my business for it to grow. With the help of Zidisha loan I will be able to increase the stock of my boutique especially school uniforms which are in demand.

For the last whole month,this is the sales break-down:
1.total monthly sales=Kshs.80,000.
2.Re-investing more clothes & school uniforms= Ksh48,000
3.business Rent=Kshs.5,000
4.Salaries for the one staff =Kshs. 6000
5.electricity=Kshs1,000
6.Miscellaneous=Kshs.2,500
The total net profit was Kshs.18,500.
This translates that through the Zidisha Microfinance support,my business will grow more than it is today as I will be able to increase the school uniforms and other clothes. Thank you in advance to you all.

Loan Proposal

When I get this loan,it will help me increase the inventory of school uniform and lady's wear in my boutique. I will buy uniform estimated at 60 dollars and buy lady's wear at 40 dollars and with that loan I will be able to meet some of the followings the returns the loan will create; I will be able to meet the demand of a nearby school and also lady's wear which are in demand due to number of lady's hostels that are in the nearby town and by that additional capital of the zidisha loan, I will not be in a shortage of stock as this makes some clients not to come back again whenever they find I have finish the stock and hence my clients will be satisfied as the products will be available in the boutique and they will refer others to my boutique.

I expect the profit to increase as I have ready market for my products due to goodwill that I have created for the last one year and hence additional inventory will directly impact on additional sales that will proportionally lead to increase in profits.

For the 100 dollars that I will get as loan I will be able to get a net profit of 76 dollars every month and this great profit for me in-addition to the other profit that I used to get it will greatly improve my standard of leaving as I will be able to meet other demands at my household that I have been struggling to meet.

Thank you all as I look forward for your assistance to boost my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 16, 2015

Repayment status

Late

Projected term

16 months

Lenders

P

Philippe

Adliswil, Switzerland

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

N

nba1999

Beijing, China

T

thebonseung

Republic of Korea

mepster

San Francisco, Ca, United States

A

adamdreaming

United States

ZH

zoe henley

United Kingdom

J

James

United States

Humble Bundle Community

San Francisco, United States

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