Inventory of new clothes for retail business

Entrepreneur

About Me

My name is Consolata Ateya a Kenyan by birth I grew up in a family of three boys and I am the only girl in our family and I am the last born in the family.I went to different schools during my early age like Wareng Primary school and Wareng High school for my O levels.Life was not on a silver plate because my parents were not thet much able in terms of money but I thank God because they are still alive and very healthy even though we went through alot of hardships until we finished school.My brothers are all well up and they support me to the fullest like my business they called me and we had a lengthy talk meeting and I requested them to set a shop for me and start a men clothing shop which they actually agreed.I am very kin on my business and I never complain because its very good.during my free time I am a die hard fun of swimming.

My Business

I have a clothing line at Ngong and I specialize in Men clothing like vests,boxers,t-shirts,trousers,shoes and wallets.My clothes are in demand around Ngong town because I am the only person specifically dealing with men outfits only without mixing with any ladies commodities.I chose this kind of business because of my cousin who has a cloth shop at Buruburu Estate although he mixes with ladies outfits I decided to do the same, after spending three months at the place helping him,and seeing how good profits he used to make, per day.I spend quite much when buying the clothes but I cant complain because the profits are good in a day I make up to 44USD and on a bad day I make upto 38USD which is a very good profit margin compared to other businesses around and the place, I cant complain at all, because in a month I make upto 1044USD, I use this money for inventory purposes and self maintenance like paying my bills I also help paying my niece school fees.

Loan Proposal

If I get the loan, I will use it to buy new fashionable clothes which are in the market at the moment. If I get the 85.97USD, I will buy a few shirts and trousers which are hot cakes at my shop. I tend to also add some few vests, boxers and wallets. The money will be utelised as follows one trouser goes for 9.13USD so I will buy four trousers which will in return give me a profit of 6.98USD, multiplied by four will be 27.94USD for the trousers. For the shirts I will only buy two of them, one goes for 6.45USD and it's sold at 10.75USD making a profit of 4.30USD which is usually not a bad profit. If I make it and sell them maybe in two days time, I will use the profit plus the initial amount to get others and continue with the trend. The other amount of 36.54USD I will mix half dozens of socks and vest and a few wallets which don't do bad. If the loan is funded on time my profits will increase because the trend will continue on and on.

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