Purchase of new clothing materials for my boutique

Ekitela

Lodwar, Kenya

5% repaid

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How it Works

Entrepreneur

Name

Ekitela

Member since

January 2017

On-time repayments

58 installments • 64%

About Me

Am Ekitela lorumu sylvester born of lokicha, turkana south in turkana county but am hailing in Nairobi dagoreti market, i completed my primary level in 2006 in Napuu primary school and joining A.G.C lokichar mix secondary school and completed in 2009. i overcome hardship live through engaging in livestock business selling of animal product like selling of meat and milk. through that i started selling maasi sheets, the unique a bout my culture during wedding ceremony men dancing all over praising the bull and after that they kill and they surround it, the men start drinking blood depending your initiation time.am not yet married. my hobbies is playing volleyball and watching action movies.

My Business

i provides maasai sheets with different colors, its really demands only locally since its likes of everybody especially during cold season.i choose this business because it has less competitors in the market. the typical cost it depends with wholesalers price thus its easy for me to determin my cost. i use the profit to pay part of my school fees and the rest to reinvestment my business.

Loan Proposal

I will use the loan to buy and purchase new clothing materials for my boutique at a cost of $500. The materials will be used to make khaki clothing's, suits, dresses, trousers and kids clothes.
The loan I'm being offered is $400 and since the materials to purchase are worth $500, I'll top up the $100 to fill the gap. The clothing industry is doing great in my country after the second hand clothes shipment is being banned in my country.
I expect a 70%+ profit increase since for my previous loan intake I made a 60% profit from the previous sales.
I will use the profits to repay my loan in time, pay for my boutique license and insurance, as well as pay for my home bills.
I will help my community by teaching the upcoming young investors and entrepreneurs learn and get the idea of self employment and determination in their businesses. Thanks much to Zidisha and to the generous lenders.