Stock of new clothes for my clothing business

Entrepreneur

About Me

I was borne in the year 1990 in a village called Mogoiywek. I started my primary education in the year 1996 in Mogoiywek Primary School. After my primary education I joined Kaplong Boys High school in 2006. I finished my high school in the year 2009 and joined BCA College for my CPA Course.
All along I have been having a passion for nice clothes which are fitting and trending. When I finished my CPA Course, I started clothing business.

My Business

From my childhood, i have been having a passion for nice clothes. I sell Clothes ranging from men shirts, sweaters, blouses and skirts. These items are on demand because I am fashion conscious and I like to deal with the youths who are many and like my items.
My costs include cost clothes, salary for a lady helping me out in the shop, transport, licenses and taxes.
My revenues come mainly from sales of the clothes.
I use my profits to increase my business and support my subsistence costs.

Loan Proposal

I want to increase stock of clothes. I want to buy three(3) sweaters for ladies and three(3) sweaters for men.
The buying price is 1.5 dollars each.
The selling price is 2.5 dollars each.
This will help me increase my business and help the community get good quality clothes.
I expect to get 66.67% profit which translates to 6.7 dollars profit.

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Loan Info

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