Capital for inventory for my stall

Entrepreneur

About Me

I was born and raised in malana town, Western kenya. Currently taking bachelor of education at Masinde Muliro University of Science and Technology.

During a challenge, i focus on the reality on ground, weigh possible solutions and explore all of them and pray to God for guidance.

I came about my own business when i saw my parents struggling to feed us and take us to school.
My people are Nilots well kmown for cattle rearing.

My children should follow their career paths as they wish.

I pass my free time browsing the internet.

My Business

I sell second hand clothes both at college and even on holidays when i am home.

My goods include men wear, ladies wear and children's wear (shoes,clothes,bags).

My goods are always in demand due to the all time evolving fashion trends. There is always something to sell out to my clients every other season.

I chose this business because it pays really well.

My typical costs 100$-200$
Revenue 50%-100% of capital input.

I re invest most of my profit into the business, and use part of it for my personal effects.

Loan Proposal

I will buy stock for my shop, employ one more attendant in the shop.
It will expand on the profit margins as sales will go up.

The new employee will also benefit as i plan to pay him/her a basic salary plus commission earned. This will better their standards of living.

I do expect my profits to grow by about 50%

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Loan Info

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