Buy oil, rice and tomato paste

Entrepreneur

About Me

I am currently enrolled as a Distance Learning Student with the University of Cape Coast (UCC). I am pursing a Diploma in Basic Education. I hope to graduate by next year and be employed as a professional teacher. Barely a few months ago, I successfully rented a shop, which I am currently using for business to sell vegetables and various cooking ingredients. I am hoping to expand my business and make more profit to be able to pay my school fees and other educational expenses.

My Business

I started my business a few months ago by buying a few cooking items such as vegetables and spices and selling from the house. Soon, I realized the market was available so I started searching around my area for a place to rent for my business. By the grace of God, I got a container which was by the road side and not too far from my place of residence. I used my savings to pay the rent fee and the rest to buy a few items to sell. Business has been good but the lack of capital means I purchase goods on smaller scale and this drastically reduces my profit margin. I have currently employed one lady who helps me to take care of the shop.

Loan Proposal

Dear Lenders,
If I receive this loan, I plan to use it to buy one big bag of rice, two large gallons of vegetable oil and if I still have some money remaining, buy cartons of canned tomato paste. These are commodities which move very fast at my shop and I hope to make enough profit within a short time when I trade in them.
Thank you.

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Loan Info

Lenders