Buy ladies' shoes

Entrepreneur

About Me

Am a honest gentleman aged 24 years who is passionate about what he does, a holder of a Diploma in Information Technology, from a humble background of 8 siblings initially running a small business of selling second hand clothes and now trough the help of zidisha has grown to include both new and second hand clothes to supplement my family's income since two of my younger siblings are in school
My hobbies include writing small computer applications and traveling around my country
Very optimistic and takes life challenges head on but not shying away from them and that has really helped me to overcome many challenges
Am hoping to improve my capital to include the sale of new and second hand shoes in my business
Please help out a brother

My Business

My small but fast growing business of selling second hand clothes and now includes new clothes gives me some profit which I will use to repay my loan. I intend to improve on customer choices and variety by introducing ladies shoes in my shop.
In my locale, the community around is mainly made up low and medium income earners who mainly depend on second hand shoes and the medium class who depend on both new and second hand shoes. That's why I am making this bold move to include new ladies shoes in my shop
Customer service and quality products are some of the things that I have been keen on so as to make me be on top of the stiff competition faced by my fellow businesses
Considering the cost of buying the new ladies shoes and the demand, the business is a able to meet its operational costs and leave some margin as profit
The main costs include the buying of the actual stock,transportation costs,storage facilities, city council levies and some other few miscellaneous costs
Stock value is approximately USD 1500 up from USD 1200 following my previous funding with operational costs amounting to about USD 126
Profits range between 45 - 50 percent of the total sales approximately sales amounting to USD 770 per month.

Loan Proposal

My business as you might have read aerier in my profile was initially about selling second hand cloth but has now grown through the help of zidisha to include new clothing
The response I have got from my customers is overwhelming and their demand for shoes is what has driven me to request for this loan
I believe with the customer base I have and from the requests that I have personally heard from them, a ready market for the shoes is open
I intend to buy ladies shoes which according to my observation here are very very fast moving.You will be amazed at the rate i intend to repay back the loan

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