Inventory for my clothing & accessories business
Charity
Sunyani, Ghana
100% repaid
Entrepreneur
Name
Charity
Member since
January 2015
On-time repayments
359 installments • 59%
About Me
About Me
I am Charity Asoelaa,26 years old, am married with a child and I live in Sunyani I finished high School With good grades but cold not go to the University because of finance. So I have started a clothing and bags business.
My Passion is in entrepreneurship and because of that, I have started this clothing business , I love doing business and feel so fulfilled when I am in business.
I love soccer and an ardent lover of business documentaries. I equally love reading business Inspirational books and listening to business tapes.In fact, I have come very far from being the struggle in poverty as an orphan , therefore I am not relenting to achieve my desired dream by owning a group of companies.
I believe in the possibility theory. But however one must always uphold the virtues of honesty, sincerity, genuineness and trustworthiness .
My Business
l am into the sale of clothing and bags that is all categories of bags and clothing which are of higher demand.
The goods are useful and of hire demand because they are goods of necessity which human cannot do without. This is because after eating, one must also cloth him or herself without walking naked.
I chose this type of business because it is profitable and are not perishable .
The typical cost of the goods are the purchasing cost ,transportation cost and roaming cost to clients because i do not have a store therefore operates from the house by going to my clients .since that one involve boarding a taxi from area to another. With the current cost I incur for a consignment 400 US Dollars . 350 US Dollars is the cost of buying the goods from the distributors and then 50 US Dollars for transportation to my destination of business and delivery cost to client in their various areas .
The business is so lucrative with only 0.1% risk of some items not bought on time . Some of the goods are bought at a unit price of 10 US Dollars , 8 US Dollars, 7 US Dollars and others 5 US Dollars and 2 US Dollars.
Therefore the revenue stream is as follows; A profit of 4 and 3 US Dollars is added to each of the unit price of the good depending on the type . However The profit gain is reinvested in growing the business.
Loan Proposal
I will used the loan to purchase more stock to meet my clients demand .It will also help me complete the part of my contain build for the business.
This will in effect help me maintain my existing customers, get new clients and increase my profit level.
I shall pay this loan back as I always did
Thanks .
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,780.00
Date disbursed
Jun 12, 2017
Repayment status
On Time
Projected term
25 months
Other loans
Lenders
Cobham, United Kingdom
Nanaimo, Canada
Waterloo, Canada
San Francisco, United States
Austin, United States
Raleigh, United States
Amsterdam, Netherlands
Stamford, USA, United States
Wausau, United States
Shanghai, China
Germany
Fontvielle, Monaco, Yemen
Sofia, Bulgaria
Oslo, Norway
Leiderdorp, Netherlands
New York, United States
Australia
Australia
Hamburg, Germany
Germany
France
Ireland
Sacramento, United States
Amsterdam, Netherlands
Austria
Switzerland
United States
United States
Germany
Muenster, Germany
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
New Zealand
Austria
United Kingdom
Republic of Korea
Berlin, Germany
Brisbane, Australia
Denmark
United States
Sweden
Netherlands
London, United Kingdom
Belgium
Cayman Islands
United States
Brazil
Australia
United States
Seattle, United States
United States
United States
United States
United States
United States
tel aviv, Israel, Israel
New York, Ny, United States
United States
United States
United States
Canada
United States
Tanzania
United States
United States
United States
United States
United States
United States
United States
Germany
Belgium
United States
Bruno Sanchez-Andrade Nuño (brunosan)
United States
Franklin, TN, United States
Singapore
United States
United States
United States
Denmark
United States
United States
New Zealand
Barcelona, Spain
Russia
Germany
Germany
Germany
United States
Austria
Jake Gibson and Beverly Picardo
San Francisco, United States
Paraguay
United States
Kristinn Árni Lár Hróbjartsson
Iceland
United Kingdom
Sweden
Germany
Antwerpen, Belgium
United States
Ask Charity a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret May 29, 2017
Loading...