Inventory of new clothes for my fashion shop

Entrepreneur

About Me

My name is Schollar Chepkoech Rotich. I am married and blessed with two boys Ben and Gilbert aged 4 years and 8 months respectively. I am currently 28 years old and a third born in a family of five.
I was born in Njoro in Nakuru county and moved to Baruti village after I got married and this is where we currently reside. Due to financial constraints, I could not study beyond form four.
I have a fashion shop in Kaptembwo estate where I sell ready made clothes and shoes especially for ladies and kids.
My hobbies are adventure, watching TV and reading inspirational articles.

My Business

I own and ran a fashion shop at Kaptembwo estate in the outskirts of Nakuru town located just opposite Mother Kevin academy and this is where I spend most of the time. The business is good and has supported us all along.
I sell mostly ready made ladies and children wear- both clothes and shoes.
The business has been very important in sustaining our family and have plans to improve by reaching more customers with new product especially new year.

Loan Proposal

I would like to expand my business by reaching new customers with new products. I am therefore planning to invest the loan on new clothes as well as adding inventory for the existing types.
I will therefore use $80 on new clothes and the remaining $20 on transport to and from Eastleigh- Nairobi where I acquire new clothes on wholesale.
Increasing the inventory will increase profits by about 30% which will go to repaying the loan and saving for other investments in future.

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