Loan for materials to make furniture

Entrepreneur

About Me

i am called yaw Francis. i comes from central region of Ghana. i am dark in complexion and about 5.7 feet tall. i am born into a family of six children and i am the older one. i had my education at ajumako in the central region and also continued my education also from the same town. i pursue to a technical education and i learnt a carpentry.
i travelled to accra and worked there for about two years and and a friend invited me to my present station berekum where i have established my shop. berekum is a business town and they love patronizing my goods that i produce from my shop.
currently i am working with two apprentice and some who also works as a casual laborer at shop. i love staying in the town.

My Business

i establish my business berekum about five years ago. i deales in manufacturing of stuffing chairs, wardrobes, kitchen sets etc. i started this business with a capital of 500 dollars. currently i earn about 150 dollars a week and i use some to pay my laborers, send some home for my parents house keeping money, use some to pay for my siblings school fees and use some on my own. if this loan is offered me it will increase my profit margin and i can earn more income daily as well as in the week.

Loan Proposal

When the loan is offered me, I will buy five and two inches foam which will cost 153 dollars, white and foamaker glue which will cost 51 dollars, four boxes of castors which cost 8 dollars, 1 box of nails which cost 13 dollars, thirty yards of cloth which cost 77 dollars and wood which also cost 77 dollars.
When these items are received I can make four different stofin chairs within one week.
This will keep customers glue to my business and I will make an income rise of about 12.5%.
I will use about 25% percent to pay off the loan and use 50 percent for utility and salaries. I will use the remaining 25% for savings.

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