My name is Faith Chepngeno,born in the year 1992 in Vasha.My journey began with the harsh reality of poverty.After completing class eight, lack of school fees forced me to leave school,a deeply challenging experience.Securing food and basic upkeep became a daily struggle. This hardship however, ignited an unyielding determination within me. I found employment as maid, diligently saving every shilling.This humble beginning sowed the seeds of my dream to become entrepreneur. I open my clothing business in Naivasha. My children are my greatest motivation. I envision them pursuing their education, achieving their dreams and contributing positively to our community. I want them to have opportunities I never had.During my free time,I enjoy reading inspirational stories and engaging in community clean-up initiatives. This activities not only bring me joy but also reinforce my belief in self-improvement and collective well-being.
I will use the funds to purchase a wider variety of modern and high quality clothing.I will purchase clothes like dresses, trousers, shirts and children's wear directly from wholesalers.
My business offers affordable and stylish clothing for All ages.These goods are highly in demand in Naivasha,a growing town where a residents seek fashionable attire for daily wear. I chose this business because I recognized a consistent need for accessible fashion and saw an opportunity to provide quality products at a reasonable prices.
Typically,a dress might cost me KES 500 to acquire and sell for KES 750, yielding a profit of KES 250. A pair of trousers could cost KES 600 and sell for KES 1000 making a profit of KES 400. My weekly revenue currently averages KES 4000. I will use the profits to reinvest in my business, expanding inventory and potentially hiring assistant to manage increased demand, use for my children's education and contribute to Naivasha's economic community growth.
I will use the funds to directly purchase bulk stock of clothes from wholesalers or importers to get better profits margins. I normally allocate more funds to fast-selling clothes for quick business growth. Also I do have in my budget funds for marketing, packaging and customer acquisition. Buy buying in a large wholesale quantities it lowers the purchase price per unit and increasing profits margins per sales. Also purchasing of more varieties of clothes and volume of inventory allow the business to serve more customers and prevent loss of sales because of stock outs.
Business expansion plan by acquiring high-demand stock
My name is Faith Chepngeno,born in the year 1992 in Vasha.My journey began with the harsh reality of poverty.After completing class eight, lack of school fees forced me to leave school,a deeply challenging experience.Securing food and basic upkeep became a daily struggle. This hardship however, ignited an unyielding determination within me. I found employment as maid, diligently saving every shilling.This humble beginning sowed the seeds of my dream to become entrepreneur. I open my clothing business in Naivasha. My children are my greatest motivation. I envision them pursuing their education, achieving their dreams and contributing positively to our community. I want them to have opportunities I never had.During my free time,I enjoy reading inspirational stories and engaging in community clean-up initiatives. This activities not only bring me joy but also reinforce my belief in self-improvement and collective well-being.
I will use the funds to purchase a wider variety of modern and high quality clothing.I will purchase clothes like dresses, trousers, shirts and children's wear directly from wholesalers.
My business offers affordable and stylish clothing for All ages.These goods are highly in demand in Naivasha,a growing town where a residents seek fashionable attire for daily wear. I chose this business because I recognized a consistent need for accessible fashion and saw an opportunity to provide quality products at a reasonable prices.
Typically,a dress might cost me KES 500 to acquire and sell for KES 750, yielding a profit of KES 250. A pair of trousers could cost KES 600 and sell for KES 1000 making a profit of KES 400. My weekly revenue currently averages KES 4000. I will use the profits to reinvest in my business, expanding inventory and potentially hiring assistant to manage increased demand, use for my children's education and contribute to Naivasha's economic community growth.
I will use the funds to directly purchase bulk stock of clothes from wholesalers or importers to get better profits margins. I normally allocate more funds to fast-selling clothes for quick business growth. Also I do have in my budget funds for marketing, packaging and customer acquisition. Buy buying in a large wholesale quantities it lowers the purchase price per unit and increasing profits margins per sales. Also purchasing of more varieties of clothes and volume of inventory allow the business to serve more customers and prevent loss of sales because of stock outs.