New women's clothes for my shop

Edgar

Kitwe, Zambia

100% repaid

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How it Works

Entrepreneur

Name

Edgar

Member since

October 2020

On-time repayments

37 installments • 49%

About Me

I started my primary education in kitwe at rokana primary school. My parents live in the live so i grew up with my auntie working for the council. During school holiday as kids at home we could go to help auntie at her shop in the market to sell clothes. i started having interest in business from there so when i couldnt do well in school and school fees were a bit of a challenge i started busines with help from my auntie. I order clothes from tanzania and sell them at my stand. The people around my area are good they like helping one another. In my free time i like reading business books.

My Business

I sell mainly ladies clothes and shoes. Ladies like fashion as compared to men so clothes for ladies are on demand. I sell quality clothes are good price. When ordering clothes i pay for transport and money transferring charges. Also i pay for security as they come on buses. When i make profit i use it for rent i also add more to my capital so my business keeps growing up.

Loan Proposal

First of all i want to take this opportunity to thank all my lenders who helped me with the loan i have just finished paying. My business has benefited and i have also benefited.This loan am applying for which is total of K349.00 I want to order some new women clothes for my shop. There is a lot of demand of clothes by women as compared to men so i want to stock up a lot clothes for women. I already have some capital so i want to top up and order more clothes. This will benefit me because my profit will go up to more than 10% per week which is so good for and my business, Once i make profit i use for rent and reinvest the rest in the business. I thank you in advance.

Income Source

I know sometimes the economy can be tough and in case my clothes dont sell so well, I help in my other shops for my auntie so when business for me is not going well i help in selling in my aunties shop and make some money. My aunties shop is very big and she has assorted things apart from clothes there is also women hair and a barbershop. So business is there everyday. I am so trusted and everytime i work there i am paid very well so this my alternative in case the is economic crisis.