Chemicals for manufacturing soap, detergents and cosmetics
Daniel
Berekum, Ghana
100% repaid
Entrepreneur
Name
Daniel
Member since
March 2015
On-time repayments
95 installments • 55%
About Me
I am Daniel Ankamah Mensah, a native of Berekum in the Brong/Ahafo region of Ghana. I did General Science at the Sunyani Senior High School and a Biochemistry graduate from the KNUST, Ghana. I attended seminar, did researches and did a lot of experiments to become skillful in the area of biotechnology. Through series of experiments and research, I could set up the business. I started my business in 2012 with food biotechnology then to cosmetics and now I am into soaps and detergents. My people have the matrilineal system of inheritance and are humble and very creative. Most children in my land would always want to become Doctors. My hobby is research. I spend most of my time on the internet doing scientific researches.
My Business
My business is a registered sole proprietorship type of business. It has been registered as a biotechnology and manufacturing industry with the Registrar General's Department of Ghana as MAGSLEVIN ENTERPRISE. The company manufactures cosmetic, soaps, detergents and food products. Cosmetic products include Vaseline, body lotion and hair pommade. Soap and detergents include shower gel, aloe vera soaps, liquid hand washing soap, bar soap. Food products include fresh yoghurt, sorrel drink, fruit drink and ice cream. Other products include liquid air freshener and hand sanitizer. The products are quality and affordable and are manufactured under hygienic conditions. The foods are highly nutritious and healthy. The products are manufactured to promote the healthy living of the people in the community. I chose this type of business because I realised there is no biotechnology industry in my town. Also the demand for biotechnology products in the town is very high but those brought from outside the town come with very high prices. Production of Cosmetic products costs around GHS 1500, Chemotherapy products cost around GHS1,200 and Food cost GHS 900. The total revenue is GHS 10,000 as of now. The profit is reinvested into the business to ensure its growth and also for the house. This time, we also want to use part of the profit to help continue with the training programme we have started. I am seeking to expand from small scale to a large the business in future.
Loan Proposal
If I am given the loan, I will continue to buy more chemicals that may cost $ 400. This would help me expand the business because I would manufacture more quality and affordable products. The loan will also help me acquire materials, furniture, bottles and make attractive packaging to enable me increase my production, sales, marketing, revenue and profit. I expect my profit to increase by 30% to 40%. Thank you very much.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$425.00
Date disbursed
May 29, 2015
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
United States
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