Loan to expand my cosmetics shop
Kingsley Kwaku
Kumasi, Ghana
$0 to go
100% funded of $105 goal
0
days left
Entrepreneur
Name
Kingsley Kwaku
Member since
June 2015
On-time repayments
95 installments • 27%
About Me
I am known as Asante Kwaku Kingsley, i was born in Tanoso in the Ashanti region of Ghana, i had my junior high school at Mmofra Mmfa Adwene international school and preceded to Osei Tutu boys college in the Ashanti region of Ghana from there i did my Higher National Diploma in Accountancy at the Takoradi Polytechnic. i encounted financial difficulties throughout my junior high and senior high levels of education and fortunately my dad came to my rescue to give financial support to me through my tertiary levels after getting admission to pursue Accountancy at the Takoradi Polytechnic. He agreed to sponsor my education and began to send some feeding items and sent extra money after paying fees i tried to manage the remaining in order to save some and began to think about a plan to establish a cosmetic shop. i realize that people especially the ladies were fashionable and were willing to add values to their beauty but there was difficulty in getting access to a nearby cosmetic shop so i took the opportunity to establish some in my area to serve the people round.
My Business
As stated earlier that the people around are fashionable, i decided to deal with cosmetic products like; powder, body cream, spray, hand gel, sure for both men and women and make ups products for the ladies. people always use these kind of products because the users of these products can never live without applying them on their bodies for them to look so gorgeous and attractive to themselves and society as a whole. since every business man aims at getting profit, after doing my feasibility study and also considering my financial strength and the place to establish some business i realize that cosmetic shop is one of the highly profitable business venture to enter into. since i didn't have enough amount of money to start with high stock, i began the establishment with just a sum of 500 Ghana cedis and this includes transporting the products from the central business centre in kumasi to tanoso where my shop was located. with the revenue, the exact amount cannot be truely told because as i sell out the products i use that same money that i receive to bring in different stock to fill the empty spaces in the shop.
Loan Proposal
I will use this loan to purchase a large quantity of beauty products to fill my beauty shop to me compete my other competitors and this will amount to 400 us dollars. This will also help me to attract more customers and profit will increase by 45%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$105.00
Date disbursed
Jan 5, 2017
Repayment status
Late
Projected term
5 months
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