Clothes for christmas

About Me

I am a lady aged 32. I live in Juja town, 40 KM from the Kenyan capital Nairobi. I have a permanent job in one the Kenyan Private University. I wish to thank Zidisha for giving me my first loan which I used to boost my beauty products business. I have been able to increase stock at the ‘THE PAT’s BEAUTY CENTRE’. Currently we are selling earrings, bracelets, hair buds, necklaces, hair extensions, hand and body lotions, perfumes, nail polish among other beauty products. I am determined to see ‘THE PAT’s BEAUTY CENTRE’ blossom to greater heights in future. I have also enrolled for short course at Jomo Kenyatta University. The course title is ‘ENTREPRENUERSHIP’. This course will go a long way to polish my business management skills and also help realize my dream of opening a beauty products supermarket in Juja town.

My Business

At ‘THE PAT’s BEAUTY CENTRE’ (The business name) our motto is ‘VARIETY with QUALITY’. As the business blossoms, we are still increasing stock using our net profit which is currently at 92USD after paying USD33 rent, 5USD electricity bill and 22USD transport. I will commit to pay the loan with part of the net profit and use the remaining to plough it back to the business. The business has been in operation since December 2013 and the trend of profits has been encouraging. It is our sincere hope that if given consecutive loans offered at Zidisha, we shall be able to achieve our motto. As the business progresses, we are hoping to expand more and eventually open a beauty products supermarket in Juja town which will be one of its kind in the locality. ‘The Pats Beauty Centre’ aims at being a supermarket of ot its kind taking care of the modern woman by providing her with ‘classy complementary looks’ and outfits
The beauty market among women is a venture that is long term as women continue having the urge to look good and more presentable. A well dressed lady can only complement this with her jewelry which we offer at THE PAT’s BEAUTY CENTRE.

Loan Proposal

I am in the process of starting an online business for selling clothes. I have already established a supplier in Kampala where I will be traveling once in a month to get the products. I have opted for online business as it has less expenses compared to having a physical shop which have given me challenges in the past. My aim is to open an online shop via face book page where i will be sending photo of the products that I have and update it regularly. I am intending to get my first stock as soon as I get the loan and also open the face book page immediately. The business budget is as follows: I request for a total of USD405,458 which the break down is as follows: Transport to and from Kampala (USD48.4557), accommodation (USD29.0734), Male shirts (USD96.9114), dresses (USD96.9114) and kids clothes (USD134.106). I am planning to carry out vigorous advertisement on facebook and also build rapport with the supplier in Kampala to reduce the physical trips and be receiving the stock via the buses that travel from Nairobi to Kampala. In this way, my profit margin will increase as the transport costs will be done away with. The profit will go a long way to pay my University fee to enable me finish my degree course. I wish to thank lenders who have lend money to be previously and look forward to getting my loan funded soonest. Thank you.