Boxes of all types of nails for my shop

Rachel Naki Morklah

Accra, Ghana

100% repaid

Entrepreneur

Name

Rachel Naki Morklah

Member since

March 2017

On-time repayments

184 installments  •  67%

About Me

l attended school at Prestea Goldfield International School in the western Region. l would go to farm in the morning before school. We planted groundnut in lines so I had to weed four lines before leaving for school. l sold dross used by the white ladies since l see it to be new and imported from abroad.

l realized I needed to set up a business so that if I am sacked from my employment, l will not be idle and have to begin to beg for food. My residence site was also a factor in the business l chose. The land is full of stones so without anything you have to crack stones. My dream is to build my business and know how to fish as life goes on, and to be set up for myself rather than working for other people. l love to sing, especially when am working.

My Business

I deal in hardware products: shovels, plywood, head pans to carry mixed cement. These days, a lot of people are building, so l realize the things people will use and they will buy more. The main expenses are on transportation of the products. The revenue, after l deduct all the costs l incurred on the products, is put back in the work of my business.

Loan Proposal

Thank youleanders l want to buy boxes of nails to sell in pounds and in boxes .since l started dealing in the sale of ply wood the demand for such items like the nail has increase .when am funded l will buy food boss of four inches nail which one will cost 40 GHS making 160GhS,three inches nail four boxes two and half nails four boxes at the Same cost 160GhS one half iche nail five boxes making 200GHS,and finally one iche nail four boxes as well 160GHS then l will buy the scale which will cost 90GHS.Apart from the work that l do l think l will get another source of profit and make my self busy during the weekends .where my shop is the place is Noe develop so it will help neighbors from going to far places to buy the items at the same price .More over l have employe some one to take of the place since am working so l have also been able to angage a youth to work.for new stock and high demand my profit from twenty percent will now increase to fifity percent because the nails will bring the demand for others ithrwms as well thank u all for such opportunity.

Show original English  

About Me

Introduce yourself to lenders.l attended school at Prestea Goldfield international school in the western Region where l go to farm in the morning before .we plant groundnut in lines so u have to weed four lines before leaving for school.l sold used dross by the white ladies since l see it to be new and imported from abroad.l realized to set a business so that when a sacked from my employement l will not be idle and begin to beg for food and my residence site was also a factor the business l chose .the land is full of stones so without any thing you crack stones.To build my business and know how to fish as life goes on and set up for them selves rather than working g for people.l love to sing especially when am working.

My Business

Hello to our good and innovative lenders thank you all for your support for funding my previous loan. The opportunity has come again for me to expand my business with the new loan that l will receive. The new site we located to was the source of my business identification. Most people are into building this days, l therefore saw the demand for hard ware that simple building materials like nails, builders square, paint and brushes, headpans,roofing nails,roofing sheet, plywood, all types of wood for roofing,flowing will be high..l chose the business because of the area and the high demand for those items. Where l spend much is on transportation since the area is new with rough roads and l gain more when they buy my nails in pounds rather than in boxes. I plough back the profit into the business as l use some to repay my loan on time and supporting the family when the needs arise. I hope my loan will be hundred percent funded. Thank you and counting on your usual cooperation.

Loan Proposal

Thank youleanders l want to buy boxes of nails to sell in pounds and in boxes .since l started dealing in the sale of ply wood the demand for such items like the nail has increase .when am funded l will buy food boss of four inches nail which one will cost 40 GHS making 160GhS,three inches nail four boxes two and half nails four boxes at the Same cost 160GhS one half iche nail five boxes making 200GHS,and finally one iche nail four boxes as well 160GHS then l will buy the scale which will cost 90GHS.Apart from the work that l do l think l will get another source of profit and make my self busy during the weekends .where my shop is the place is Noe develop so it will help neighbors from going to far places to buy the items at the same price .More over l have employe some one to take of the place since am working so l have also been able to angage a youth to work.for new stock and high demand my profit from twenty percent will now increase to fifity percent because the nails will bring the demand for others ithrwms as well thank u all for such opportunity.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$213.42

Date disbursed

Jun 9, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $5.70

Rachel opted to pay $99.26 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

JB

Jane Bean

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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