Purchasing more cloths for business

Joshua

Nairobi, Kenya

85% repaid

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How it Works

Entrepreneur

Name

Joshua

Member since

March 2015

On-time repayments

19 installments • 37%

About Me

I was born in Kanyango Village and get educated in the neighbourhood Kamser Primry School before moving to Kisumu for my High School education.I late did business management course for three years.i am from a polygamous family and taking that into consideration,the parent had responsibilities and wherever I was given a chance to attend school,hard was my motto and that propelled me to greater heights.
I looked for job for sometimes and it was not forthcoming and that is when I though of business and decided selling children and youth clothes including sports clothes.i used my saving to purchase a few clothes with I started hawking after a few months I was able to rent a house where I am currently doing my business.

My Business

I sell boy male and female trousers,shirts,T-shirts,dresses and sports where which is very coming with the young people supporting various football teams locally and internationally.The prices vary from cloth to clothe with most trousers bought at Kshs.500-600 averagely and sold between Kshs. 850- 900.Football jersey are bought at Kshs.450-500 and sold @ Kshs 800.
I make daily average sales of Kshs 3000 of which Kshs.500 is a profit.I use the profit for personal use as well adding stocks to improve my business.

Loan Proposal

I will use the loan to buy 15 pieces of football jerseys for various teams to sell to my costumers .With the $ 67 that I will receive ,each jersey will cost $ 5 and sold @ $ 9that will yield a profit of $ 60.I will be able to sell the Football Jerseys within 2 weeks and bring in others.
I will use the profit to purchase more Jerseys and other clothes for sale as well pay my college fee.