Cooking oil and rice for food shop

Entrepreneur

About Me

I am John Bullah.
I was born 6 months after my father had died.
As the last born into a family of 10 , and as an orphan at birth , I had a very difficult childhood not only because all my older brothers and sister have to look to a hardworking but single parent whose source of income is sales of KENKEY and fried fish ,but also because the same already much old woman has to pay rent and other utilities.
She managed to ensure I had the basic education but because I realized the need for further education , I struggled to pay my secondary education . Currently I assist a tipper truck driver 3 days in the week and operate a miniature food shop

My Business

I sell rice and cooking oil.
The people in the neighborhood rely on my shop for these basic consumables and are ready to spend the last penny.
The cost I incur Include getting the goods from the farmers and transporting them to my miniature shop.
I use the income to support my now advanced in age mother and to grow the business

Loan Proposal

Time interval : One week

Cost:
Palm oil: $24.00x2: $48.00
Local Rice: $6.00x 8 $ 48.00
Transport $4.00
Total $100.00

Sales:
Palm oil: $ 32.00x2= $64.00
Local Rice: $ 8.00 x 8= $64.00
Total $128.00
Gross profit: $28.00

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Loan Info

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