Entrepreneur

About Me

My names are Ann Wangui. Am married to William Kingori with three children. I have a Kenya certificate of secindary education with a mean grade of D+. As a house wife, my husband and i decided that i should start a business to help the family put up with the hard economic times and moreso to be financially prepared as our children joined upper primary.By that time, my husbands salary could barely absorb all our basic needs. Income from my businees fully caters for food and clothings for my family. I also manage to save atleast sh2000 per month. The best thing about zidisha is that their interest on loans are lower than even those of saccos in our country. Given a good use if the loan, one has chance of progressing very fast.

My Business

I basically deal with second hand men suits. My is located in Nakuru town, east road , about 10 meters from the main gate of the wholesale municipal market. Ask mama Isaac. I buy them in bales locally each bale costing sh24000. Each contains about 40 suits. On average a suit cost sh600. In addition to that, every suit has to be cleaned and ironed at a fee of sh30 each bringing the total cost to sh630. A suit on display retails at sh1500 earning a profit ofsh870. A bale may take about one to two weeks to be fully sold.I normally renew stock after selling 25-30 pieces from a bale. On average i sell two bales in a month. I also incur the following expenses while operating my business
fare-sh2000
lunch -sh2000
storage rent sh 1500
municipal rates -sh 360 all of them per month. Some of the risk involved in my business include finding badly stained suits in bales that are unsalleble or worn out that they cant be sold.

Loan Proposal

Upon the receipt of the loan, i intend to increase the variety in my stock for trade. Besides the suits, i shall introduce second hand shirts and ties that would matchh the suits already in display. There are two ways of getting such shirts. 1. Buy a bale of the second hand shirt, and as usual iron and place them together with the matching suits. 2. If i cant get a shirt to match a suit on display, i would buy such a shirt from retailers of such shirts. Whichever method, my revenues will increase by an average of sh 400. A shirt in a bale costs about sh150. Ironing it costs sh20 making the total cost to be sh 170. When its fitted to matching suit its value shoots to between sh 350 to sh 450 depending on the material used to make it and its design. A second hand shirt bought from a retailers stall costs about sh200. A tie cost sh 50 but when ironed and assembled together with a suit, its value changes to sh100. This idea is giving my competitors an edge ahead of me. Am sure that when this idea becomes a realit

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