Purchasing equipment for soap-making business

Entrepreneur

About Me

My name is Mark annobil and i am a fanti.i started my primary school education in the western region of Ghana and continued my sênior high school at mozano secondary school.after high school i didnt continue to tertiary due to a failure in two of my subjects,hence my entry into a family business older than i am.i run my own local soap production called "Alata Samina".a soap for bathing and washing.i live in an ewe community and a boarder between Ghana and Togo.i am making progress in my personál business even though i use my father's equipment and tools but it delays my development because until my father is done using his equipments and tools for his production i cant start mine hence my quest to apply for zidisha loan to purchase personál equipment.ii live in an ewe community and the only language you hear is ewe and french.i have no child now because am not married yet.
my memorable experience recently was just the ended Africa cup of nations,i mean the grand finále Ghana Vs Cote Divoire.football is my hobby.
thank you.

My Business

I operate a local soap production called "Alata Samina".The patronage is good.the soap serves as a bathing and washing soap.The local soap is in high demand locally and across the Ghana boarder to togo and benin.people have accepted it.it oné of the traditonal soaps in africa.it treat skin rashes as well and that is what make people patronize.i chose the business because it a family business of which i have enough experience to manage.I produce. 900 to 1000 pieces weekly currently and that is lower than the demand.oné piece cost a dollar (GHS 3.00).my cost of production in a week is as follows;
Firewood $30
Coconut oil $350
chemicals $250
Transport$25
Other expenses $20
Total cost =$675. Or GHS 2,160

This means that averagely i spend $675 or GHS 2,160 as production and cost.there an average production of 800 pieces of soap a week which cost GHS 3 gives mě GHS 2,400 as sales.Therefore sales of GHS 2,400 minus production cost of GHS 2,160 profit mě GHS 360 weekly.i believe my weekly profit gives me the chance and support my candidature as zidisha loan applicant.currently i use my profit for inventory,in other words i purchase more chemicals and oil to increase production to meet demand.I need equipments Production barrel that stores oil and also production Cooking pot that worth $45 and $50 respectively urgently so if my loan is approved and disbursed to mě i will go straight to procure those equipments.will use part of my weekly profit that i always use to increase demand to repayback my loan on time in other to record high credit rating.thank you.

Loan Proposal

My loan of $100 if funded will be used to procure production barrel for storing oil and production cooking pot worth $45 and $50 respectively. The two equipment that is worth $95 will help me facilitate production without waiting to use my daddy's equipment after his production,in fact this norm of having to wait for my Dad's equipment has slow my pace of progress and production.
This loan will now benefit me to do production at anytime of the day as and when demand of products are needed.
From my cost profit analysis under my business profile I believe my weekly profit of $100 (GHS 360) will support my candidature as zidisha loan applicant and my loan funding will be considered.
Thank you.

Thank you.

Feedback

Loan Info

Lenders