A loan to set up a store in order to house my crafted basket

Entrepreneur

About Me

My name is Ernest fosu from Bolgatanga in the upper East Region of Ghana . I obtained senior high school education from the Bolgatanga senior high school which I later further to Bolgatanga polytechnic. Through my life in school I pursue a marketing course and that part of knowledge obtained from my field of study has also help in adding value to my marketing business in basket weaving. I established this basket weaving business right after my National service, and this is keeping me going till today.

My Business

Basket weaving is a major occupation of the people in the bolgatanga and that has been their source of livelihood. The colorful basket people buy today are modern products develop by the people coming from bolgatanga. The seemingly primitive making methods employed are the fruit of many decades of technological refinement and skill building making the business going the extra mile even beyond the shores of my country Ghana.The bright colors that give the baskets their unique appeal are often derived from industrial pigments, bought in the market in Bolga here, where they are cheaper. It is through this that makes the business lucrative.
Apparently I have about 2000 baskets under the shade and I need a store to house all this basket from the torrential rainfall that is causing some of the basket to decay. My profit quotient is estimated to be about 1740 GHS if sales are effected , which is equivalent to 435 USD . I hereby plead to all the good lenders here to help me curb this impending problem. Thank you.

Loan Proposal

I will use the funds to acquire a little space to put up a stall that can house the crafted baskets and also buy some straw material to be used for the making of the baskets. I wish if this loan can be increase to help meet this impending pressure on me. Thank you.

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