New stock for my clothing business

Entrepreneur

About Me

I am Johnmike Okello Opondo was born in Eastleigh maternity unit and raised in Babadogo area an informal settlement.I studied in Korogocho before completing my high-school education in western province of Kenya.Completion of my college education in Diploma in Business Administration led to job search which was hard to find that's when I decided to start business because of the current situation of unemployment in Kenya.The unique thing about our land is that people are really impressed with new things and services and since my services are best I can tell my business will grow well.At the moment I don't have children but i will nurture them to be business people because being self employed at their youngest age will help them a lot.I love football.

My Business

I do clothes and shoe business.I normally travel to the coastal part of Kenya and western border part of Kenya buy ladies clothes,shoes and sandles.These goods are useful because my target market are ladies and ladies love to buy new trends.I chose these kind of business because their is ready market what you just have to do is find new trends and supply.My starting cost was estimated at 62,000kshs which included transport and premise.I use the profit to expand and venture into more business opportunity like the entertainment industry i.e selling movies and music.

Loan Proposal

I will buy more stock worth 80 dollars knowing very well how these will help to avoid shortage of goods. By doing these I expect the initial profit of 19 dollars per week to double to 38 dollars per week. That is how much the loan is important to me.

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