A loan to establish a shop and enlarge my business
Adjei
Berekum, Ghana
100% repaid
Entrepreneur
Name
Adjei
Member since
January 2015
On-time repayments
14 installments • 100%
About Me
I am called Adjei Prince, 30 years of age and a graduate from Kwame Nkrumah University of Science and Technology, Ghana. My qualification is in Political Science, but i learnt Business as well at the university. I am a Ghanaian, who hails from the Brong Ahafo Region of Ghana, precisely Jinijini in the Berekum District, a strategic place for my business. I have great interest in business and as such started my business whilst i schooled especially during long vacations. I have three other siblings and i live with my mother, Georgina Adjeiwaa, a single mother. I am the first born child to my dear mum.
My Business
My business is about selling jewellery, watches, deodorants, hand bands, bracelets, necklaces , rings, hair clips and hair pins, toiletries, etc. I have advertised them in front of my house and sell them there. I also go on trek , from one town to another and from house to house as well. The business is very profitable because people always purchase different items of the same brand at a time and repeat purchasing them. The demand is high in my town because of the innumerable high school students residing there.
Loan Proposal
I will buy more jewels, bracelets, hand bands, hair pins and other items to increase the stock base of my business. Again, I will establish a shop at a strategic place in my town to exhibit my products (business items) where people can always see and get attracted to in order to increase the purchasing. This will in effect maximize profit and also increase my business. For instance, a jewel bought at $20 could be sold at $30 due to the fashion competition there highly portrayed by the innumerable high school students in my town. Profit is highly assured. Within a week of sales, I am able to maximise profit over $200. Thank you in advance that you will support and help my business grow by granting this loan for me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$164.00
Date disbursed
Jun 16, 2015
Repayment status
On Time
Projected term
8 weeks
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