I am the first born in a family of seven, an accountant at Bidii Investments, and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family. As a child, I always dreamt of owning a business. Achieving this dream was not easy, but through personal savings I was able to set up a clothing business.
My hobbies include reading newspapers, magazines, and novels, and also socializing.
My business entails selling new clothes at retail prices after acquiring them in bulk from wholesalers. Even though over the years there has been influx of secondhand clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of a lack of businesses similar to mine in the business locality.
My typical costs include:
rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$222.2
Most of the profits the business generates are usually re-invested into the business.
If granted the loan, l will buy:
- new trousers worth ksh 7,500
- Jumpers assorted worth ksh.10,000
- ladies' dresses worth ksh 2,500
- towels worth ksh.3000
- shirts worth ksh2500
- panties and boxers worth 3,500
With this increase in stock, I was able to generate an extra profit of ksh.5000 per week . Hence, will re invest the profit to reconsider another outlet in future
Clothing sales
I am the first born in a family of seven, an accountant at Bidii Investments, and a clothing business owner.
Growing up in a family of seven inspired me to work hard in order to help in supporting the family. As a child, I always dreamt of owning a business. Achieving this dream was not easy, but through personal savings I was able to set up a clothing business.
My hobbies include reading newspapers, magazines, and novels, and also socializing.
My business entails selling new clothes at retail prices after acquiring them in bulk from wholesalers. Even though over the years there has been influx of secondhand clothes in the market, many people still prefer buying new clothes.
I chose to venture into this business due to a gap which existed as a result of a lack of businesses similar to mine in the business locality.
My typical costs include:
rent -$67
employees wages- $78
transport cost- $56
water and electricity bill- $22
revenue-$222.2
Most of the profits the business generates are usually re-invested into the business.
If granted the loan, l will buy:
- new trousers worth ksh 7,500
- Jumpers assorted worth ksh.10,000
- ladies' dresses worth ksh 2,500
- towels worth ksh.3000
- shirts worth ksh2500
- panties and boxers worth 3,500
With this increase in stock, I was able to generate an extra profit of ksh.5000 per week . Hence, will re invest the profit to reconsider another outlet in future