Tuition fee for university degree in business administration

Entrepreneur

About Me

I am Lucy wanjiku. I have been operating an enterprise dealing with new clothes for about one year and eight months now which has been helping me sustain myself and cater for a degree of business administration that i am undertaking as well as increasing my inventory.
I started this business through my savings. I had been employed in other enterprises and this enabled me to gain skills and save an adequate capital to start my business which is progressing very well in terms of returns. I have also started another activity of selling sim cards to safaricom retailers at a good bargain. This business is making me visit places that I never knew. I therefore seeing it as both an adventure and a business. Am really glad that I was introduced to this business by a friend. So far it have not disappointed me
Apart from business, I am that ever jolly lady with a new mind who takes nothing for granted. I am working hard to expanding my business to a larger scale as well a enriching my skills and knowledge in business administration.

My Business

I deal with new clothes. I buy from bigger markets and sell at a profit.I specialize mostly on youth clothes.This is so because my business is located near the university where I have my store.The youths are also the majority making demand for fashionable clothes to be always very high and as a result we always have frequent sales.
Though i am a part time manager in my business ,this does not give me much problem because i spend very less hours in a day for my studies. At times ,i even have no classes for about 4 days in a week making me have as much time as I need.
I also have an assistant who helps me in the operations when I am in class .This makes it possible to operate the business from 8.00am to 6.00pm.
When I spend like $30 to buy stock , the returns I get is about $60 within 1-2months .After deducting all expenses, I get a net profit of like $20 each month. This money helps me pay my school fees and also increase my inventory to achieving a large scale enterprise.On vacations my business don't do so well because my market target is students who go home during vacations. This has made me come up with another business activity of selling safaricom lines to retailers on wholesale. I sim card goes at around $0.25 which I sell not less than $0.5.this is giving me good bargain because in a good market you can have a profit of around $20 or $15 , poor markets I can make $5 but it's still worth it. This the business that enables me to adventure with gains since I visit regions from regions.my glad for my businesses completes me. Am ever busy, whether on vacation or at school.

Loan Proposal

I appreciate zidisha Org for the opportunity granted to me .
Once I get this loan, I will be able to settle tuition fee for my degree. This means I will not take any money from the business .This will give me an opportunity to expand my business through adding of more stock .For the profit share that I use for my fees, I will redirect it to adding more stock for the clothing business. This will increase my market space to a very significant level.
When I add stock of about ksh 9000 , it will be able to generate a return of ksh 9000-7000.I will plough back the profit and add new stock. By the end of four months, I will have generated a return of about ksh 32000 from as little as ksh 32000.This will have greater importance in my business in terms of my expansion as well as returns.

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