Thank yo for offering me this third chance. am going to use the loan in adding more stock in my shop and improving its o...

Gladys

Subukia, Kenya

4% repaid

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How it Works

Entrepreneur

Name

Gladys

Member since

May 2013

On-time repayments

273 installments • 4%

About Me

I am a married woman with five children, two boys and three girls. I live in Subukia a small town located along Nakuru-Nyahururu Road, on it's sides is the Rift Valley. Subukia is popularly known for tourism attraction sites like the Shrines and the Equator. I am a business lady with a diploma in Theology which i attained in 1987 at Ukambani Bible Collenge, I started a business so as to provide basic needs for my family and so being not much dependent on my husband. I purchase clothes and some footwear from the earnings that I get to add stock in my business and enable it keep running.

My Business

My business is a single partnership boutique. I buy and sell both (mitumba) and new clothes since both are of high demand. Their demand is high because they are of good quality and affordable to anyone. Customers prefer my business because of the availability of their preferences and i relate well with them and I also offer after sale services like transport if needed. The risk may arise when there is sudden change in climate which may contradict with the current stock but I try to adjust to it by adding new stock which corresponds with it. Due to availability of ready market I manage to get a profit of 20000ksh.this is after deducting the monthly costs such as rent, power bill and some minor ones ie revenue. I try to make sure that my business is running and no single day that I have ran out of stock.and this has been one of the trick i use to survive in the tough competition available.

Loan Proposal

I will buy more new clothes to add in my boutique shop and this will be a good start for the year and with that i will be able to pay the school fees for my kids without encountering any problem. I will improve my business by displaying various types of clothes and shoes to attract customers and I will also make sure that the customers do not lack anything that they want, that means their preferences will always be available. As always i will maintain good customer relationship and I will be able to repay my loan timely. Thank you very much.