Add stock of refurbished ladies' clothes to my business

Ruth

Kisii, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ruth

Member since

February 2015

On-time repayments

57 installments • 28%

About Me

About me.Hallo.Im called Ruth Kwamboka.I was born in 1989 we are eight in our family,and im the last born.I was born in kisii district but im married in Nyamira district.The name kwamboka it means that my mother was crossing the road,then i was born beside the road.Nyamira is an highland area the most crop which is growing are tea leaves and banana.most familys are farmers,i started my education at mochengo primary school and joined mochengo secondary school.After completing i continued to Eldoret school of business management.There before i said im married with two children the first one in class two want to be ateacher.My interest in business started after finishing my collage i stayed at home without job,i told my mother to sell one cow so that i can get acapital to start the business.I started selling second handcloths.

My Business

My business.I sell second handcloths most of them are for ladies.I have been in the business for one year,i sell my cloths to the people around the village some of them are poor so they go for cheap cloths.the cloths are cheap so the demand is high you get acloth with 2dollars.I choose this business because it was cheap to start and also they dont need more space.I sell beside the road i only pay for licence which is 20 dollars per year i also pay store man 5 dollars per month.my profit is 250 dollar per month i buy food for my family it cost 40dollars per month i also pay school fees for my child 10 dollars per month.Im planning to expand my business to other towns and employ more youths who dont have jobs

Loan Proposal

My dear lenders.
First of all i thank you for the first loan that you offered me it really boosted me in my business.
Now again i apply for the second loan with hopes that you will lend me.Still my stock is low if i get the loan i am going to add my stock.
The more stock you have the more sales you make.If i get this loan i will buy ladieswear each costing 2 dollars.
That means i will buy 100 pieces of cloths.Which will cost in total around 185 dollars.After buying the stock i will make profit which will benefit me and my family because i will be able to buy food for my family members.
Besides i will increase my savings for future use.Already i have employed asmall lady who id taking care of my business when i am not around.
Also the profit i make i will use some to repay back my loan.I expect my profit to increase by fifty percent.
I hope my reguest will be considerd.
Thank you
Ruth kwamboka