Capital to expand beauty accessories business

Elizabeth Okai

Accra, Ghana

100% repaid

Entrepreneur

Name

Elizabeth Okai

Member since

June 2015

On-time repayments

201 installments  •  55%

About Me

My name is Elizabeth Okai. I am 18 years of age. I am a Ghanaian and I live in Madina. I attended St. Peter's Mission School for my junior high education and Methodist Girls for my secondary school education.

After school, I decided to venture into business to be able to sponsor my tertiary education. My mother is a petty trader, so things are not rosy at home. I often help her in her trade. I thought of establishing my own business to lift the burden off my parents and create a better future for myself.

Ghana is a very peaceful country with fertile land. Agriculture is a very prosperous business here. My hobbies are listening to music and reading.

My Business

I deal in buying and reselling cosmetics, shoes, bags and jewellery. There are lots of ladies and women who fancy the goods I sell. I chose this kind of business because it's a business that sells out quickly. Sometimes one person can buy three to four different items at one time. I use about $100 to get my goods and I get back a 50% profit, which is $50. I save my profits for school in a bank, then I use the rest to continue my business.

Loan Proposal

I will use this loan to purchase more accessories for resale. These accessories include jewellery,bags and shoes.ill use $100 to purchase shoes,$150 for jewellery and the remaining $118 for the bags.
I expect between 30-45% profit on the resale.
Profit from this business would be used to pay my fees,reinvest in my business and help my family in any little way I possibly can.

Show original English  

About Me

My name is Elizabeth Okai. I am 22 years of age. I am a Ghanaian and i live in Madina. I attended st.peters mission school for my junior high education and methodist girls for my secondary school education. After school i decided to venture into business to be able to sponsor my tertiary education. My mother is a trader so things are not rosy at home. I often help her in her trade. I thought of establishing my own business to lift the burden off my parents and create a better future for myself.
Ghana is a very peaceful country and fertile land. Agriculture is a very prosperous business here. My hobby is listening to music and reading.

My Business

I deal in buying and reselling of cosmetics,shoes,bags and jewellery. There are lots a ladies and women who fancy the goods i sell. I chose this kind of business because its a business that sells out quickly. Sometimes one person can buy three to four different items one time. I use about $100 to get my goods and I get back a 50% profit which is $50.
I save my profits for school in a bank then i use the rest to continue my business.

Loan Proposal

I will use this loan to purchase more accessories for resale. These accessories include jewellery,bags and shoes.ill use $100 to purchase shoes,$150 for jewellery and the remaining $118 for the bags.
I expect between 30-45% profit on the resale.
Profit from this business would be used to pay my fees,reinvest in my business and help my family in any little way I possibly can.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$353.00

Date disbursed

Jan 26, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $8.99

Lenders

H

Hilke

Bremen, Germany

C

Christian

Saarbruecken, Germany

sworthington

San Francisco, United States

investor

Candiac, Canada

P

Peter

München, Germany

S

SovTempest

Toronto, Canada

S

sebseb

The Hague, Netherlands

daibhmac

Luton, United Kingdom

I

ideerge

Mountain View, United States

Straetman

Kaarst, Germany

F

FHult

Stockholm, Sweden

ZlataRoy

Cheltenham, United Kingdom

TOTEMonline

Muscat, Oman

J

juhan6811

East Point, United States

C

catmille

Renton, United States

E

eldicri

Favaro Veneto, Italy

johnandmoliehi

Canton, New York, United States

Tamanders

North Carolina, United States

AmeliaAndMatt

NSW, Australia

T

ToddK

Indianapolis, IN, USA, United States

S

simranandtyler

London, Ontario, Canada

P

Piccolo

London, United Kingdom

M

Marianne

London, United Kingdom

DaveinPerth

Perth, Australia

K

kingmark1

Calgary, Canada

A

ante1

trosa, Sweden

BJ

Brandon Joz

North Carolina, United States

D

dterryn

Brussels, Belgium

E

eljama

Chapel Hill, United States

J

John

Newbury Park, CA, United States

N

ningli

Charlotte, NC, United States

Jeff and Marcie

Portland, OR, United States

S

Southernyank

CHAPEL HILL, United States

M

mrhanky1

melbourne, Australia

N

NancyG

Victoria, Canada

B

BigLender

Austin, TX, United States

S

Senryu91

caldogno, Italy

T

tlingf

San Francisco, United States

RockinRobin

Centennial CO, United States

S

Sherry

Cold Spring, United States

C

chrita446

Nashville, United States

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

A

Alicee

Munich, Germany

L

LiquidH

Elmhurst, United States

P

proby24

Singapore, Singapore

S

Siegerman1

Portland, United States

A

Alsyf

Sydney, Australia

C

cmubiggguy

Chapin, SC, United States

T

tmsaddress

Orlando, Florida, United States

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

G

grahamfamily

Guildford, United Kingdom

G

graememoss

Amsterdam, Netherlands

athomas

Chevy Chase, United States

Susansfund

Colorado Springs, United States

A

AustA

Sydney, Australia

Cloudways

Malta, Malta

P

Pelle

Ragusa, Italy

T

TheBarber

Oro Staion, Canada

H

Hello

Salisbury, United Kingdom

dtsuji59

Brampton, Canada

G

GirlOfEarth

Earth, Finland

ads68

Melbourne, Australia

A

Aaron

Zurich, Switzerland

A

alkemyst

Geneve, Switzerland

fairspirit

Utrecht, Netherlands

P

prashant

SUNNYVALE, United States

N

NLArjan

Leiden, Netherlands

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

marcmesich

Kaohsiung, Taiwan

F

Fritzimax

Pacific City, United States

L

Lolababalola

Ames, United States

dmirpuri

Bangkok, Thailand

M

martyb

United States

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

J

Jonas

Linköping, Sweden

Paul Buchheit

Mountain View, United States

J

jbhernan

United States

mepster

San Francisco, Ca, United States

TyWee

Manila, Philippines

S

Stephan

Netherlands

Haim Si

Mexico, Mexico

Dave Bogard

New York, United States

A

Alan

United Kingdom

JD

Jo Dane

Melbourne, Australia

jtreyes

United States

H

Hakon

Drammen, Norway

Matthias

Seattle, United States

Kevin

San Francisco, United States

MI

Matt Insler

United States

JC

JD Conley

United States

Mouhamed

United States

BC

Best Chapman

United Arab Emirates

BB

Ben Bellows

United States

Martin Nielsen

Aarhus, Denmark

S

Sara

United States

wissam

Jeddah, Saudi Arabia

BS

Brad Syverson

United States

SY

Sean Yu

United States

A

Andrei

United States

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