Second hand cloth business extention

Florence

Mombasa, Kenya

100% repaid

Follow Florence

How it Works

Entrepreneur

Name

Florence

Member since

August 2014

On-time repayments

324 installments • 69%

About Me

I was born and raised in Mombasa, currently staying in Bamburi. I started operating my cyber café in 2005 from my savings I obtained from working which I later decided to be independent and start the business. My business is in Bamburi. I decided to expand my business by introducing some stationery to increase my sales, but due to harsh economic times saving has become an issue.
I love cooking, dancing, going to the beach and attending Sunday service with my husband and son, which brings us joy and strength to face the new week. I will appreciate to get that loan so that I can buy a digital copier that can print, scan and copy. This will help increase our income to save more for our son and be financial stable.

My Business

I offer browsing and typing services, the demand is high since I operate near a number of schools, hospital and a church. They have two forms of payment cash and credit terms, by the end of the day, week or month I do not lack some money to pay rent and save. I am the only one in that area hence good and reliable market, I get a monthly turnover of $150. I am potentially able to pay my loan monthly installments and with the copier I will buy my sales will increase and hence stability to pay.
I offer standard and affordable charges this attracts more clients and i also cater for different clients, from individual walk in to corporate clients like schools that give me monthly large contracts to copy exams for them and churches that i print Sunday schedules on weekly basis.
My monthly cost is electricity, internet ans stationery for printing and my biggest risk is that i now print with the inkjet printer which is slower and results to less print outs per month and the cartridge is a bit costly and would really love get a laser printer that can be a 3-in-1 whereby i can print, scan and copy, at lower costs, more print outs and the toner is affordable.

Loan Proposal

I am planning to get a second hand bale containing ladies mix clothes and it will cost me $135, the contents are ladies dresses, tops, blouses, skirts and trousers. This will really help in my income since when I buy in bulk I will buy many at a lower price and sale double the price.
This will help my neighborhood since I will offer affordable clothing and no need to worry about expensive clothes. When I get the bale with a number of pieces the price is lower and I can sell at 100% so my profit will be equal to the investment hence improve my life, my neighborhood and able to pay on time without delays.