Boost my business by adding clothing stock

Peter

Naivasha, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

September 2015

On-time repayments

176 installments • 11%

About Me

I am aged 20 years and i finished my A levels last year.My quest for education has had a lot of hurdles since my parents could not be able to raise my school fees.I then came up with an idea of growing and selling kales which was profitable and i was able to pay my fees and have some left as pocket money.After clearing high school i continued growing kales.The money i got i was able to start my clothing business.My business is based in a community where they are friendly and hospitable.When i have my own family my quest is that my children will get the best education in life.My hobby that i love the most is hiking in our area there are mountains which i use as my pastime.

My Business

My services is selling clothes to my community.In my community selling of clothes is of high demand so i make sure i have the latest fashion and the most unique.I chose these business because i saw that i could relate well with my customers and the demand keeps growing each day.I buy my clothes in bale and it costs me around14500KES ,after selling i make around 8000 as profit and from that i deduct 1000 for licence,1000 for my basic needs and the rest i save.T he profit i make i use it in restocking and also i am saving since i want to go back to school for higher education but i will use distance study in order to make sure my business grows.I also plan some of my profit i will help and boost my kale business which i plan to grow again.

Loan Proposal

am planning to add up on my stock of different variety from my usual goods.
which include: full dozen of male and female inner wears ,each costing 15dollars.
duvets per bale costing : 130 dollars.
transport of the goods from the town center costing :2 dollars.
hence a total of 147 dollars.