A loan to purchase second-hand shoes for my store

Entrepreneur

About Me

I was born in Kumbungu in the northern territories of Ghana in 1991. I am the third child of parents. Farming is the main economic activity my parents were engaged in at the time I finished SHS. I completed Junior High School in Kumbungu and senior high school in the same town as well. As a child raised in a typical African family via extended family, life was unbearable after high school. Both parents had passed away by then so as early as 17 years I began fending for myself.
I remembered I toiled so much so hard to raised enough money in other to pay my younger sister's school fees. She had admission to pursue a nursing course in Accra. But there was no money to pay the fees. I joined a construction company and carry mortar/concrete on my head. With my support, we overcame that challenge. with support from friends, I began selling second-hand shoes and such a business has become my source of livelihood. I am married with one kid and we live in Tamale, Ghana. The funeral performance of a chief among the people of northern region is very unique. The funeral embodies a lot of drumming and dancing.
My son always dream of becoming a Lawyer in future. He always read the constitution of Ghana at his leisure time hoping that he will be familiar with some of the legal terms use in Ghana.
I had an excursion to Paga where I saw a live crocodile for the first time. There is a very big Dam at Paga where crocodiles reside and it has become a tourist destination for both local and foreign people. It was such a memorable event and will never forget that day in my life.

My Business

Second- hand shoe business
I trade in second-hand shoes in Tamale. It is a lucrative business per the demand for used goods from abroad. In Africa, the younger generation prefers used shoes from abroad to locally made shoes in Ghana.
This second-hand shoes are in high demand because people perceive shoes made in Europe or America to be of higher quality compared to locally made shoes.
I chose this business because it is profitable and cost effective in dealing with second-hand shoes in Ghana. It normally cost me US$ 250.00 to purchase a bag of shoes from Importers in Accra for resale. Normally, I impose 10% profit on shoes I bought for resale.
I normally use part of the profit for my child education and part for reinvesting into the business.

Loan Proposal

I wish to apply for a zidisha community loan. As a new member with GHS 17 as my highest credit limit, I will use this amount to buy a pair of shoe and add it to existing stock. A pair of Second-Hand shoe costs US$ 10.00 in Accra. Nevertheless, I still want to take this loan so that cash at hand will increase for me to buy more of shoes to stock my store. I have a long term vision of becoming a leading seller of Second-Hand shoe dealer in Tamale.
I expect my profit to rise by 5% granted that I am able to secure this Loan. I pledge that I will abide by the terms and conditions regarding the repayment of zidisha loans.
My regards to all members of zidisha community particularly lenders of this community.
I hope that lenders will come to my aid.

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