53 weekly installments • 53%
My name is Ann. I am a graduate of Jomo Kenyatta University of Agriculture and Technology. I graduated in 2011 with a Bachelor in Purchasing and Supplies Management. From 2013, I have been working in various NGO's and while in the process, i decided to start my own business. I started off my business in the kitchen ware and clothing sector. However, I am now currently operating in the clothing and accessories niche which has over the time picked up.
I am an industrious business lady with a vision of growing my business and increasing my income. i'm passionate about business and i'm looking forward to grow towards achieving my personal business targets.
Previously, i have been dealing in kitchenware, clothing and shoes. After assessment of my business and reviewing the areas of my business that had the most impact, I have recently narrowed down my business to a women's clothing and accessories niche with a high concentration in shoes. I am currently concentrating on this niche because from experience, the demand from women for these products is high.
Re-strategizing my business has had a positive impact as i have been able to have one area of business to concentrate on and thus been able to meet my client's need. Since my business capacity is small at the moment, i am currently reinvesting the profits i get back into the business in order to grow. I am in the process of increasing the stock levels in my business and getting a loan will help boost my business as the Kenyan market is now opening up. If i get a loan, I will be able to increase the stock and thus serve more customers and this will increase the sales levels per week and this sales turnover will help me to repay a certain amount weekly towards the loan that I will be advanced with.
I have been able to purchase stock for my business. However, I will need your assistance to facilitate shipping fees for my consignment. Once the consignment of goods arrive, I will be able to increase my sales, hence more profits.
Due to the pandemic and the impact on business, i restrategized by business to only deal in a niche that continues to have demand. Previously i was dealing with kitchenware and clothing and accessories. However, there has been quite an impact in kitchenware and thus the need to changed to deal with only the products that have demand. During this pandemic period, I have been dealing with the clothing and accessories business with a concentration in shoes and concentrating on this niche has had the most positive impact on my business. There is continuous demand for these products most especially from women. I have also been able to additionally sell my goods online to reach a wider base of clients and this has contributed to the growth in sales. Since my business capacity is small at the moment, once the business expenditure is settled, i am currently reinvesting most of the profits i get back into the business in order to grow.
Nov 12, 2020
Cost to entrepreneur
Service fee: $20.65
Credit risk payment: $18.58
Optional expediting fee: $20.65