Expand our children clothing business

Lawrence

Meru, Kenya

$572 to go

5% funded of $599 goal

days left

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How it Works

Entrepreneur

Name

Lawrence

Member since

February 2016

On-time repayments

326 installments • 73%

About Me

I graduated with a diploma in Electronics in the year 2009. I worked with the Ministry of Youth Affairs between the year 2011 to 2014 as a Technical Instructor in the field of Electrical and Electronics. I joined the Kenya Methodist University in the year 2013 as a BSC in Computer Information System student. I graduated last year on July 2015. I currently work as software developer. I like programming, reading and watching documentary videos.

My Business

Am currently working as a developer at White Label Tracking company in Nairobi. It is a company that deal with tracking softwares and am in the department of developing the softwares. Besides the job, me and my wife we started an online business selling ladies and children turbans and headgears last month. We sell on Jumia online store and the business is doing well.

Project Proposal

I am seeking funding to further expand my family business by increasing our inventory of children's clothing. Your previous support helped us grow significantly, and now, with this new project, we aim to continue our business expansion.

The funds of KES 75, 158 (USD 582.62) will be used for three main purposes. First, KES 55, 000 (USD 426.36) will be used to import bales of children's clothing from Alibaba. This will help us in restocking our stock and expand our variety, allowing us to offer a wider range of styles to meet customer demands. Secondly, KES 15, 000 (USD 116.28) will be used for digital advertisement. And the balance of KES 5, 158 (USD 39.98) will be used to purchase packaging papers.

This project will help our business to expand since it will give us more products to offer and improving our ability to meet the diverse needs of our customers. We are projecting for profit to increase to approximately $300 (KES 38,699.89) for each sale and thus enable us to hire another worker.

This project will not only strengthen our family’s business but also contribute to the local economy by creating jobs and providing quality products to our customers. Your continued support will be essential in making this vision a reality. Thanks in advance.