Lovina Chizoba Mensah   

The name of my business is VinaStitches, and we have over 70 customers. If given a grant, VinaStitches would invest in several key areas to enhance its services, expand its reach, and ensure long-term sustainability 

How the grant would help my business 

The grant would help my business, VinaStitches, generate more income in several key ways: 

1. Equipment Upgrade: I would invest in modern, high-efficiency knitting machines and tools, allowing me to take on more complex projects and complete work faster. This would increase my capacity and potentially allow me to serve more customers. 
2. Purchase of sewing materials in bulk. This includes lining, zips, buttons, thread, needles, lace fabrics, velvet, organza, stretch fabrics, and more which will increase my profit margin and reduce expenses of purchasing outside from retailers.   

By leveraging the grant in these ways, we anticipate being able to serve more customers, offer higher-value services, and ultimately increase our overall income and profitability from 40% to 85% 

Difficulties facing Vinastitches 

Lack of knitting machine and sewing materials which I spent time and money to rent and purchase, for instance, I rent the knitting machine for 2ghs per dress currently, therefore I spent 40ghs for 20 dresses 

The cost of sewing materials increases on a daily basis, I spend a lot traveling to buy sewing materials to complete a customer’s dress.   

ITEM	PRICE	PLACE OF PURCHASE
Knitting Machine	$313.80	Tema.
Lining	$125.52	Accra Tudu
Thread	$31.38	Accra
Zips, Needles, buttons, stiffs etc	$94.14	Accra
	$ 62.76	Accra
Stretch fabrics	$94.14	Accra
Lace fabric	$94.14	Accra
Velvet material                Transportation	$62.76              $121.36	Accra
Total	$1000

SOLUTIONS

I am seeking grant/financial assistance to acquire a knitting machine and all the sewing materials and tools I need thereby maximizing my profit margin 

BUSINESS MISSION STATEMENT: 

I believe that clothing should reflect your personality. VinaStitches creates garments that make you feel confident and beautiful. 

  VinaStitches has been in business for 5 years. Started as a home service sewing with a manual sewing machine and has been transforming over time into making beautiful and classic garments to suit customers

YOUR NET INCOME 

Net income, also known as net profit or the bottom line, is a key financial metric that represents the amount of money I have left after accounting for all expenses, costs, and taxes. Here’s a concise explanation: 

Net income = Total revenue – Total expenses 

$83 as Total Revenue as of April 2024. There was a total expense of $51 

This amounts to a net income of $32  

This figure shows how much profit I generated over a specific period in April 

Cash Flow Statement:

SERVICE OR PRODUCT DELIVERABLE: 

Skirt and blouse Children’s Dresses Shirt and trousers 

School uniforms 

Jumpsuits

Headwraps

All African fabric styles

BEST CUSTOMER: 

• My best customers are those who have shared positive reviews or referred us to their friends and family. 
• My best customers are those who actively promote my brand on social media and through other means 

  WHY CUSTOMERS DO BUSINESS WITH ME RATHER   THAN WITH MY COMPETITORS? 

• I work closely with each customer to understand their specific needs and preferences, creating truly personalized clothing. 
• I offer high-quality products at affordable prices, making fashion accessible to everyone.”   

LIST OF SERVICES OR PRODUCTS AND THEIR PRICES: 

My customers know that I exist through the following means 

• Referrals 
• Word of mouth 
• Social media handles 

WHY DID I CHOOSE THIS BUSINESS?  

Personal Passion and Interest 

• Love sewing I genuinely enjoy the craft and find it fulfilling. 

• Personal connection: I have a strong connection to clothing, fashion, or textiles. 

FINDING  NEW CUSTOMERS: 

• Social Media 
• Referrals 
• word of mouth 

                  Straight dress skirt and blouse 

                         Long straight dress                                Wedding gown 

Summer wear   reversible pinafore peplum blouse with skirt  

Long gathers dress Baby gown  

Side drape Dress 

If awarded these funds, I would primarily invest in upgrading my equipment to improve efficiency and quality. We would also allocate a portion to expanding our inventory to offer a wider range of sewing materials and to improve styles.  

This was my wedding day                                     my daughter and I at church 

CONTACT DETAILS: 

Phone number:  +233539809041 

Email:  lovinamensah15@gmail.com 

Course Facilitator Details 

Phone: +233539809041 

Email:  lovinamensah15@gmail.com