Purchase new clothing to sell

Florence

Chonyi, Kenya

4% repaid

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How it Works

Entrepreneur

Name

Florence

Member since

August 2013

On-time repayments

221 installments • 12%

About Me

am the first born in a family of five, i have three sisters and a broher . the brother is in form four and one of the sister is in form three,the rest are in primary school. our family is situated in chonyi division of kilifi county in kenya.i completed form four the year 2009 .then i joined kukutana cafe in mtwapa where i served as a cashier, in 2013 june i opened my botique in mtwapa where i operate upto now. i started the business after my best friend advised me on how profitable it isand i also considered the benefifits of being self employed. i mainly purchase ladies clothing and the brand ones not second hand. the earnings from my business are used to improve the stock level and paying rental expenses and some i help my parents paying school fees, as they are primery school teachers and i have to help them as their earning is low.

My Business

the main source of paying my loan is from my business as its the only source of income i depend on.mtwapa is a tourist atraction town and most people prefere the morden way of dressing hence making the demand of my products very high.most of my competitors buy the local materials from kenya but for my case i mix with some clothes from tanzania which have a great demand in mtwapa thus how i over come my competetors . no much risk apart from theft as i deal with durable goods. monthly income isksh 55000/=, rental expenses are ksh.15000/= other expenses are ksh.7000/= profit is aroundksh 15000/=

Loan Proposal

the other loans from zidisha were of great impact to me and my business. for this loan i will use the whole amount to purchase a stock for new arrivals of clothings in which is trending at mtwapa this Christmas season. i believe i will make great sales on this stock and i promise to repay with the shortest time possible. thank you all as you purpose to fund my loan proposal.