New stock for my fashion and beauty online store

Entrepreneur

About Me

I am the last born in a family of 6 and was brought in rural Kenya.
I am a trained chef which has been quite useful in helping me run my business. ,i like to travel and go hiking. Our country has some of the best parks in the world.
I am also engaged in community work and work together with my local church to reach out to the less fortunate in the rural area

My Business

My business is registered as a sole proprietorship since 2015.Its very simple and straight forward, i import watches from china and resell them at a profit.

My target market are young Kenyans between ages 20-45 , they are tech savy and internet services are available in all major town s in the country. hence its easy for customers to find my products using their smartphones, personal computers or cyber cafes,
My major expenses are the purchase of stock and shipping. The online store fulfills orders made on my behalf. However they take a commission on the sale .Most of the profit i get is re invested in the business.
I intend to use the loan to top up my savings so that i can purchase more stock with a wider variety, to include ladies bracelets, earrings and necklaces.
My plans for the near future is to improve on the variety of the accessories and also open a brick & mortar store so as to reach a wider market.

Loan Proposal

I will use the amount advanced to buy additional stock for my online store.
i operate on a simple model of buying then reselling for a profit.More stock will translate into variety of stock for my shop and hence more sales and profits. The business profit will increase by a margin of 8%.

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