Requesting a loan to expand my clothing business

Entrepreneur

About Me

My name is Isaac, I grew up in a humble background.I and my two younger siblings have always worked hard in life.I my parents when I was 17 years old. I have struggled hard to make ends meet.I passed very well in my high school level and joined college to study sales and marketing.
Ever since I started my clothing business, my life has been improving through the profit I generate.I have also learnt the importance of help others by enlightening them and at times giving them business I ideas to start business with.
I have grown up through hardship but I have learnt how to overcome such challenges

My Business

I deal with clothing business, I sell clothes for both men and women and for the children also.I sell male and female trousers, I sell shoes also.
When I wanted to start this business I didn't have enough capital so I asked help from my relatives who agreed to support me with the initial capital.I also added my personal savings to open my business.
When the business is good per week I generate a profit of $50 after deducting all the business expenses, I use some of this money pay school fees for my siblings and to safe the other remaining.
I started this business because the rate of unemployment is high and I had to look for other alternatives ways of raising money

Loan Proposal

I'm requesting for this Loan to use it in purchase new commodities such as Adding men and Women shoes.I'm intending on purchasing 20 pairs of Men Sporting Shoes and to also add 10 pairs of women new fashion shoes.The total expenditure for all the products will be 200 dollars.After selling all this staff I'm expecting to get a profit of 100 dollars.
After getting all that profit I'll expand my business and employ two more staff to help in managing the business. I'll have empowered other unemployed youths in the community to also start other income generating projects like mine

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Loan Info

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