"mitumba"second hand clothing business

Entrepreneur

About Me

MY NAME IS JOSEPH DOMOKI,I COME FROM NANGARUA VILLAGE IN TANGULBEI BARINGO CAOUNTY. I AM A SMALL BUSINESS MAN AND A TRAINED TEACHER. I SUPPLEMENT MY TEACHING EARNINGS WITH MYSHOP KEEPING. I ALSO SALE SECOND HAND CLOTHES DURING MARKET DAYS.
I WAS BORN IN A FAMILY OF 8 AND MY FATHER WAS A PEASANT FARMER. HE AND MUM STRUGGLED TO PUT BREAD ON THE TABLE THROUGH SMALL SCALE FARMING AND SOMETIES FISHING SOME TILAPIA AT LAKE BARINGO AND SELLING WHILE KEEPING A FEW FOR OUR CONSUMPTION. MY FATHER AND MOTHER PASSED AWAY AFEW YEARS AGO AGED. I WENT TO PRIMARY,SECONDARY AND TEACHERS COLLEGE WITH ALOT OF DIFFICULTY AND WITH THE HELP OF CHURCH MISSIONARIES ,I MANAGED TO GO THROUGH AND PASSES VERY WELL. AMONG MY SIBLINGS,ONLY 3 OF US WENT THROUGH FORMAL EDUCATION AS THE REST ARE NOT LITERATE,BUT THEY ALL DEPEND ON ME SINCE I AM THE ONLY ONE WITH A JOB EVEN IF THE INCOME IS NOT ENOUGH TO MEET ALL THE NEEDS OF MY FAMILY LET ALONE THEIRS! I AM MARRIED WITH FIVE CHILDREN.

My Business

I AM A SHOP KEEPER, A RETAIL TRADER AT NANGARUA MARKET,I SALE ALL KINDS OF SHOP CONTENT RANGING FROM PACKED UNCOOKED TO READY TO EAT PACKED FOODSTUFFS TO NON CONSUMABLEA. I TRAVEL TO NAKURU TO PURCHASE THE ITEMS(GOODS0 IN "BULK" AT WHOLESALE PRICE AND SALE THEM HERE AT MY SHOP ON RETAIL PRICE MAKING AT LEATS A NET PROFIT OD 30%. i AM HAPPY FOR THIS BUSINESS BECAUSE WERE IT NOT FOR IT ,MY TEACHING WOULD NOT HAVE SUPPORTED E AND I THINK I WOULD HAVE BEEN LIVING ON DEBT!.
THE "HIGH" PEAK SALE DAYS ARE MARKET DAYS ON WEDNESDAY AND SATURDAY! WHWRE I SELL ATLEAST HALF OF THE STOCK AND ON MONDAY I OR MY WIFE TRAVEL BACK TO NAKURU TO PURCHASE SOME MORE STOCK. THIS I DO IT AGAIN AND AGAIN. THIS IS MY SHOPKEEPING BUSINESS! AT NANGARUA TRADING CENTER WHICH IS AMONG THE 4 BEST SHOPS HERE. GIVEN MORE SUPPORT BY ZIDISHA! I BET IT WILL BECOME THE BEST. THANKS

Loan Proposal

THIS IS AN EASY BUT PROFITABLE BUSINESS IN THIS AREA. I HAVE DONE IT AND FOUND IT IS PROFITABLE. I WANT TO TRAVEL TO NAKURU TOWN AND PURCHASE IN RETAIL SELECTED SECOND HAND CLOTHING FOR THE FOLLOWING CATEGORIES;WOMEN(ALL SIZES),MEN(ALL SIZES),CHILDREN(ALL AGES) .
THE LOAN AMOUNT OF KSH 8000 WILL BE SHARED AS FOLLOWS: 1.PURCHASE OF 50PCS MEN CLOTHING@60=KSH3000 AND THEN SELL EACH PEACE@100=5000 MAKING PROFIT OF KSH2000.
2.PURCHASE WOMEN CLOTHING 30PCS@KSH100=KSH3000 AND THEN SELL EACH CLOTH @ KSH130=3900 MAKING A PROFIT OF KSH900
3.50CHLIDREN CLOTHIN@KSH40=KSH2000 AND THEN SELL @KSH60=KSH3000 MAKING A PROFIT OF KSH1000.
TOTAL UYING PRICE OF THE GOODS=KSH8000
TOTAL GROSS PROFIT TO BE MADE=KSH11900. NET PROFIT=KSH3000.

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