Shop expansion

Francis

Kikuyu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Francis

Member since

May 2014

On-time repayments

11 installments • 91%

About Me

I am Francis from the Kikuyu, which is also known as the Central Highlands. I have completed my O-level education as well as a course in information technology (ICT sector) in 2011 where I received my advanced diploma.

Due to the challenges in finding employment, I decided to pursue my passion in business by selling shoes (mostly ladies shoes). I use the earnings from the business for further growth and for my daily bread. On my free time, I choose to mentor youths and advise them on how to conquer life's challenges.

My Business

I have a business called Frajy Fashions, which sells ladies shoes and saddles. The demand has been strong because we sell unique, high quality footwear at great prices. We strive to be the best in the market. Another advantage we have against our competitors is that we have a 1 or 2 day return policy after the date of purchase if the customer is unsatisfied with our products. This is a key differentiator that provides an advantage against our competitors.

The business is profitable as we try to achieve at least a 20 percent margin on every item we sell. On a monthly basis, we incur costs amounting to $130 on sales of $450 in a good month. Typically, we achieve profit from $100 to $150. But, I believe we have significant potential to grow if we are able to get more capital.

Loan Proposal

I would like to expand the working area of our shop by doing some redesign. In order to do so, I need some cardboard, wood frames, nails, hangers and grills. When added together, the approximate amount is $100.

Cardboard - $14
Wood frame - $15
Nails - $5
Hangers - $6
Grill - $10
Partitioning - $20
Labor - $25

This will also allow me to hire another salesperson and generate more income for my business.

Thank you in advance.

Show original English

About Me

i am francis from kikuyu also known as central highlands i have completed my o-level and did my course in information technology ICT sector and completed my course in year 2011 where i got my advance diploma.
due to lack of employment i decided to take my passion in business of selling shoes mostly ladies shoes and with the earnings i get i use them in boosting the business and for my daily bread, at my free time i choose to mentor youths and advice them on how to concur life challenges,

My Business

i have a business by name Frajy fashions where at the moment we sell ladies shoes and saddles they are always on demand because we sell unique footwear and at cheap prices according to the quality and we be the best among others. other advantage we have against our competitors are that we give 1 or 2 day return after the date of purchase if there is any form of disappointment in our products and that makes it the main point that make us sell other than our competitors. the business is on profit because we try to our level best to make 20 percent or more on every item we sell. on a monthly bases we face costs amounting to 130$ and on total in a good month we make sales amounting to 450$ and profit ranges from 100 to 150$now the business have got good potential to grow to higher heights if we get more capital boost.

Loan Proposal

I want to expand the shop working area by doing some redesigning of the shop i need some cardboard,woodframe, nails hungers,grills when we do the calculation it sum up to 100usd
cardboard-14usd
wood frame-15usd
nails-5usd
hungers-6usd
grill-10usd
partitioning-20usd
labour-25usd
it will help me in deploying another sales girl and also some more income to the bussiness thanks in advance