Buying additional machines and wood for furniture carpentry

Entrepreneur

About Me

My name is Dartey Foster from the Brong Ahafo Region of Ghana. I reside in Berekum which is a municipal within Brong Ahafo with Sunyani as its Regional capital, it has a mixture of all the tribes making it a beautiful atmosphere to enjoy the differences in the various ethnic groupings.The indigents mostly cocoa farmers and have a unique dance called adowa and kete.I have complete Senior High Education. I am currently into Wood Work Production and my hobbies include listening to news and surfing the internet for current trend in marketing and business. My interest grew for this as a result of personal needs and desires, as income is the one of the most satisfying factors of an individual’s life. Hence the need to engage in an activity that will lead to a multiple source of income because you are likely to have a negative impact if your one source of income is challenged. Income from multiple sources is one of the most required trends of present requirements and lifestyle. People with ordinary or average income generally face a greater impact on their lives when their single source of income is challenged there by affecting their physical and mental health.

My Business

Wood Work Production for bed room suites,Door and Cabinetmaker is what I do as the demand for Schools,Hospital,Church,Individuals and Company . During festive season I do sell some of my products. The company was initially started as a hobby. Considering the prospects of the business and industry as a whole, which was informed by the persistent and continuous growth in demand for table and chair, Ghana Wood imports have more than tripled in the past few years as Ghana's Wood manufacturing sector continues to decline and can only supply about 20 percent of demand kitchen cabinet in the country. This has actually made the business enjoy fair advantage. The non-existence of competition in operating jurisdiction is an added strength to my operations. The major threat of business in this venture has to do with rapid increases in prices of its inputs especially . The possible storage of wood is is another threat. Apart from my product being wholesome, flexible credit policy is also what keeps my customers to me, as I have daily, weekly and monthly policy. I seek to expand my production capacity and increase output by 60% next year and so it is imperative to keep the business on sound footing as well as my customer base hence the need for the Loan. My typical cost is based on the feed which $750,$150 to the payment of the monthly salary of my employee and other overhead cost $350 . Christmas and Muslim festivities are actually the period i make profit over and above 100%.The profit from my business basically goes into reinvestment in growing the business and helping few friends who are in financial need.

Loan Proposal

To buy machine to improved my business and storage facility to reserve the wood for long kept or future used, to help my community to get table, chair, door, bed, kitchen cabinet and any wood products whenever they need to improved their living standard

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