African accessories (jewelry)

Entrepreneur

About Me

I am a Kenyan born and raised in the slopes of Taita hills first born in a family of three.Having challenges growing up including lack of school fees,proper clothing and going hungry sometimes and assisting my fellow siblings,drove me to start looking for cash at an early age.These challenges were a blessing in disguise because they helped me build my character to be a go getter,hardworking and strategizing on making life better for me and my family.I am currently employed however I do business on the side to meet some of my needs and make ends meet.This business has been in existence for the past 2 yrs now and has been growing significantly.Through this business returns I have been able to secure a 50x100 plot where am planning to establish a business structure of my own soon.

My Business

I deal with African accessories including bangles,earings and necklaces. I buy them at kshs 60 each and sell them at kshs 100 each...making 40% profits per item.The items pictured are the only ones remaining and the demand is overwhelming hence looking for cash to revamp my stock.This loan will be used to increase my inventory,pay some suppliers who have been supplying me with the products.

Loan Proposal

I would like to request a loan for the updating of my inventory. From the previous loan I managed to increase my inventory by 40%. Working on the same margins I would like to boost my inventory by 50% now.

Income Source

My business has not faced much risk during this period. My products being beauty products and at affordable prices I have not made any losses so far

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Loan Info

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