Stocking my clothing shop to meet customer demand

Entrepreneur

About Me

Am Evans Chesaro i was born and raised in eldoret town, I schooled at eldoret high school and Eldoret polytechnic its when i lucked employment opportunity that i decided to sell my bicycle and start a cloth selling business. I started with 2000 Kenya shillings that was in the year 2012 today i at least have increased my stock to 50,000 Kenya shillings and done lots of development at my home.
I have a passion for cloths i travel to nearby county Uganda where i buy the cloths at a cheaper price when i bring to Kenya i make a profit of 50 percent the buying price the profit i make i spend on education for my children and cater for daily basic needs.
My children wants to be in school i have to help them complete their Education and see to it that they get employment.

My Business

I buy cloths in wholesale and sale at a profit my profit increase with the number of items i sell in a day, I usually sell 7 to 10 items a day making a profit of 1500 Kenya shillings which is used to restock the shop and pay tax alongside taking care of basic needs and children support.
Demand for cloths in my area is high because their are lots of campus and schools and this students like to be in fashion maintain the fashion they need is the secret to success in this business.
I spend 20000 Kenya shillings to buy new stock which when sold to completion i make 40000 Kenya shillings this is a 50 percent profit which i can make in half month and maybe a month when sales are low.

Loan Proposal

I re aliased a demand in ladies clothing Tops and dress as i still have plenty of men clothing which i bought with the previous loan so with my second loan of 219 us dollars i will use to increase cloth stock at my shop.
I will buy two bales of ladies cloths at 210 us dollars use 9 us dollars on transportation.
With ladies stock i will be able to double my profits and repay the loan as usual.
I will improve my life and cater for my family needs.

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