Inventory

Entrepreneur

About Me

I would like to take this opportunity to thank you for your generosity in funding small business traders. I am extremely honored to have received the first loan.
I am a senior student in accounting majoring in finance in the Chandaria School of business at the United States International University-Africa. While in school, I have tutored other students in math and computer. After I obtain my bachelor’s degree, I hope to attend graduate school and pursue a Masters degree in Finance and eventually start my own company.
This loan is valuable to me, as it has helped immensely boost my business and generally sells as l continue to nurture my entrepreneurial skills.
Ultimately, I hope to have be successful in business field, because I have gained some skills, knowledge and experience doing it.
Thank you again for your consideration.
With gratitude,
Isaac Anuri Osindi

My Business

l started hawking mtumba clothes and shoes until we opened a small shop in partnership with a friend.This clothes have high demand because of their affordable prices.On the other hand this business is easy to start and manage because it requires little capital as low as 20USD.The income l get(150USD pm) part of it goes to the expenses i.e rent 35 USD,food 20 USD electricity 5USD ,other expenses 30 and the rest l add stoke plus savings.The main challenges of this business is competition from brand new clothes,limited stoke and high transport costs and also the declining quality of second hand clothes.Also the government is discouraging buyers from this products.But generally second hand clothes and shoes are unique and attractive to customers hence yield an aggregate advantage selling them.

Loan Proposal

I will use it to add new stock.l will add more items like bed sheets that cost 4$ per bed sheet and belts for men at $1 per bell.selling price per sheet is $7 and per belt it is $2.This will expand the types of products l sell and its one way of answering customer needs because this is their request most of times among other items.By adding this products am projecting an estimate gross additional profit of $20 per week.This will help me stabilize my business and gain more customers in the process.

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