Babies' cotton diapers, to expand my business
Thomas
Techiman, Ghana
100% repaid
Entrepreneur
Name
Thomas
Member since
August 2016
On-time repayments
4 installments • 100%
About Me
Thomas Ankamah is my name. I come from Drobo in the Brong Ahafo Region. I stayed at sunyani in my early childhood with my grandfather but currently stay at Techiman.
I attended Sacred Heart School in Sunyani and completed in 2004. I then attended Berekum Senior High School and completed in 2007. I the got admission to Sunyani Polytechnic and completed in 2012.
I always overcome hardship through working and taking advantage on any resource available.
I came to start my own business because my monthly salary can not meet my monthly financial commitment.
The land where i currently live has a good market for business.
I want to train and help my children on what they are best in doing.
I love football so I use to watch football matches when I am free.
My Business
I am a banker by profession and currently distribute baby diapers both retail and wholesale in Techiman as my part time business.
These goods are useful and in a higher demand to parents. Though there are a lot of traders in same business but the sales return keep on increasing since there is increase in demand daily.
I choose this kind of business because baby diapers has now become necessity to parents and the demand for it increase daily.
My tipical cost is the take home i give to the shop keeper which is Ghs 200.00 and my revenue is Ghs 350.00 per monthly on average.
I use the profit to reinvest in the business to expand my capital since my capital is low.
Loan Proposal
I will used the loan to expand my business. I will used the loan to buy baby cotton diapers to increase stocks in my shop. I sell Huglo cotton diapers 2/100 which cost usd 32.70, Huglo 2/12 which cost usd 21.13, Huglo 2/20 which is usd 35.22, Huglo 4/72 which is usd 55.35, Huglo 4/80 which is usd 60.38, Maakos pull up 100 per pack which is usd 17.61, Maakos normal diapers 100 per pack which is usd 15.09, baby wipers which is usd 17.61.
This loan will help me to expand my business. It will help me to increase my stock and also expand my store by opening another branch in different community.
This loan can raise my capital and the return of capital in few years ahead. My projected profit will be around Ghc 2,000.00 per month.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Nov 4, 2016
Repayment status
On Time
Projected term
6 weeks
Lenders
United States
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