Add more diverse clothing & shoe collections to my boutique

Melvin

Karafani Estate, Kitale, Kenya

7% repaid

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How it Works

Entrepreneur

Name

Melvin

Member since

February 2015

On-time repayments

45 installments • 16%

About Me

My name is Melvin born in Kitale. I am the third born in a family of five. I was born and raised by a single mother who has been instrumental in making sure that I get educated. . My mother was employed but later got retrenched from her job. This brought more hard times for us in getting school fees for our education. I managed to pass through primary school and later secondary school to which I managed to finish.
After high school I did a small course in marketing and finally landed a job as a sales lady. I have been working as a sales lady through different companies from the year 2010 to present.

My Business

I have a separate business apart from my active employment where I have a boutique where I deal with sale of different clothes ranging from male and female clothes. The business has been operation for the last one year. Clothes are the this we cannot do without and so the need to do this business was to provide clients with an opportunity to buy clothes as well as make money from the sale of it. I deal with New clothes which i buy from Wholesalers and sell as a retailer. I see growth based on how i started and the growth i am witnessing. I started it from my savings and some money which I had borrowed. This has seen the business grow to where I usually buy my stock on a weekly basis due to the demand that I get and also because most of the time when I am free I use that time to do direct sales to my friend and different homes. Which are easily accessible.

Loan Proposal

After the first loan. I feel i am growing bigger and better. With the shop that i have i intend to introduce more variety of Ladies Shoes and Trendy wear.
I also intend to add more diverse collection of mens wear, I feel this will increase my clientèle and hence boost my profit. according to my recordsmy sales have increased from a monthly sales of $320 to $445. with this growth i do believe that my next loan will take me to great heights.
The shop has grown with more stock and therefore i hope to grow to an even bigger shop. With such sales that i made in my last loan i know if i continue with this trend my business will grow to a whole new level.
The extra income has helped me to even enroll to a new course in college and so i t has helped me to develop academically.
I intend to spend all the loan i get on Ladies and Gents trendy wear
Hope you will consider me
Thank you