More panties, bras, cosmetics and jewelry for shop

Entrepreneur

About Me

My name is Diana Adhiambo, the first born in my family, I currently live in Maseno about one hundred metres from the main gate at Maseno University, next to Shaba Lodge Restaurant. I am a graduate of B.A Social Sciences currently doing my Masters research in Social Development and Management. I started my business mainly so as to supplement the income I get from part time lecturing, and so as to earn money to save for future bigger investments. The challenge I have had in business however is difficulty in expansion as I have majorly been selling my products through moving around with them and it becomes difficult having to carry them around with me always, so I am opening up a shop which means I have to get even more stock but I have limited capital to do so.
In my free time I do alot, I enjoy reading, watching movies, listening to inspirational music.

My Business

My business started from a personal need, I realized it was difficult to actually walk into a shop to buy under garments as a woman, so I went to a store and not only bought mine but a few more which I started selling to friends mostly from my handbag.
The response was quite good as most ladies realized they did not have panties and bras but did not purchase these on a regular basis because they often overlooked it even in their monthly shopping for necessities. I soon included jewellery in my stock but on small scale which complemented my sales further. It was easy doing this ind of business but it soon became apparent I needed to expand, get more stock and variety which was a bit difficult due to limited funds as I do not have a regularly paying job to boost my capital.
The business is profitable because clients pay promptly as I do not over price the products but make sure the prices allow me to get good profits, however the main challenge I face currently is limited variety and little stock to meet the demand. I have no major challenges in terms of competition since there is no one currently specializing in under garments for ladies only. I mean no one.
The profits accrued on a monthly basis as well as income from my part time job will enable me to repay the loan in good time so as to get more and keep my business growing.

Loan Proposal

This loan will enable me to get more bras, panties, cosmetics and jewellery so as to boost stock in the shop I just opened. My estimates are a dozen of bras at 33 US Dollars, a dozen ladies panties at 16 Dollars, different types of cosmetics including lip balms, nail varnish, all estimated at 45 Dollars, and finally different types of jewellery all estimated at 50 Dollars.
This loan will help me get more earnings from my business because I now have a central place where clients can come to choose and see the variety of items I have as opposed to carrying them around since it limits how much I can move with due to the bulk.
I have tried to raise the excess capital required to expand the variety of what I sell on my own but it is difficult since there are other costs involved which I may not meet with my current earnings, such as transport.
I therefore need support in doing this so as to enable me expand and meet demands from even more clients who I cannot reach now because of limited stock.

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