Loan to buy more stock for my boutique

Entrepreneur

About Me

I was born and raised up by a single mother. I couldn't afford proper education but by sheer struggles and determination I vowed never to accept to be bound by chains of poverty. I left the village to a nearby town to try to make a life. I met a friend who introduced me to her line of business( cloth selling). after a few years of working under her I decided to launch my own business using the little money I had saved from my salary. I set up a small cloth shop which I run up to now as a sole proprietor.

My Business

I sell 2nd hand clothes. my goods are very important since I live in a community which is impoverished and can not afford first hand clothes. I am therefore able to a attend to their clothing needs which is a basic human need. I chose this type of business because I had learned a few trade skills in this line from my friend whom I initially worked for. I basically use 30 thousand Kenya shillings to purchase a bale of clothes from an importer after every month. in return I get a profit of 20 thousands after sale of each bale.I use profits raised to restock my business and cater for my family needs.

Loan Proposal

Dear lenders, if i succeed in raising this loan i will channel all the moneys raised in buying more stock for my boutique. i project to buy two bales of 2nd hand clothes and also some shoes which is a new service am adding to my business. two bales of 2ndhand clothes will cost me approximately 300 US dollars while i plan to stock ladies shoes only for a start at a cost of approximately 30 US dollars. with this in stock i expect to raise my net profits by 100 US dollars quarterly. i also expect to raise my customer satisfaction to 70%. my children will also enjoy an increased life essential commodities supply and i myself will also increase my savings for my children school fees. thank you.

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