Loan to buy new clothes & shoes for my clothing shop

Entrepreneur

About Me

Thank you for this far.
First I was born and brought up in a rural area where my parents were mere peasant and practiced mixed farming.
I am second born of a family of four. My parents have been struggling to bring us up with a lot of difficulties. We relied solely on farming to for food as my parent could do old jobs simply to keep us alive. School fees was a huge burden as for my parents as few of us managed to complete school. I managed to go through primary and secondary education but it was an uphill for my parents to afford a college fee for me.
I stayed at home for quite some time before going to my uncle's place in town. While in my uncle's home I use to help him with his job of sale of Second hand clothes and shoes. So I gained a lot of skills on how to sell clothes and shoes. With time my parents offered to lend me some little money and i started selling my own clothing. It was not easy as it was challenging when it rains and when it is extremely dusty in dry season. I later got some funds from a friend and moved to a stall where I keep high standard fashioned clothes and shoes. This is how I came to own a business.
What is unique about the place I live is that people appreciate efforts done by others through respect. I would like my children to be well educated and get skills to be business people.
My hobbies are helping the poor in the society through our church foundation as well as watching football.
Thank you.

My Business

Well, my business I purely sales of clothing products.
I sell clothes for Men and Women as well as children. These goods are always on high demand since i deal with sale of basic needs besides being the fashioned type that makes them even more on demand.
I decided to choose this business because I am experienced in it and I loved the business as it gives me my daily bread and pays for my bills.
My typical costs are the cost of buying different fashioned clothes for men, women and children. Also i incur cost of rent, electricity and transport.
My profit usually goes towards reinvesting and meeting the above cost of running my business. I also help my parents back home and the needy through our church.
Thank you.

Loan Proposal

When I get my first loan of around USD100.00 I will buy new Clothes and shoes for men, women and children.
I will buy the Latest ladies dresses and shoes at a cost of $24.00 and $15 respectively.
I will also add some more men Jeans and official shoes at $18.00 and $20.00 respectively. For the children I will buy, kid’s stuffs e.t.c assorted baby feeders, socks shorts and dresses at $19.00.
All these will add to my weekly earning that usually add up to USD100.00.
With the new goods in my stall, I expect my profit to go up by $50.00 to reach USD150.00 per week. This is very possible since my shop is located in a very busy avenue and with an excellent display.
This will be a wonderful achievement for me.
Thank you.

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