Cosmetics,bags and shoes for business
Elizabeth
Accra, Ghana
100% repaid
Entrepreneur
Name
Elizabeth
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 extend my business I started recently. I want to extend my little business to make something of my life and later further my education. I will buy more of the things I started my business with which are;bags, cosmetics,shoes and jewellery. The bags cost about $50,the cosmetics cost about $55,the shoes would also cost about $55 and the jewellery would cost about $70.
This loan would expand my business which also help in the preparation of furthering my education. I'll also be able to take care of my siblings since the look up to me as their big sister.
I expect and hope to get a profit between 50-70%.
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 extend my business I started recently. I want to extend my little business to make something of my life and later further my education. I will buy more of the things I started my business with which are;bags, cosmetics,shoes and jewellery. The bags cost about $50,the cosmetics cost about $55,the shoes would also cost about $55 and the jewellery would cost about $70.
This loan would expand my business which also help in the preparation of furthering my education. I'll also be able to take care of my siblings since the look up to me as their big sister.
I expect and hope to get a profit between 50-70%.
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$246.00
Date disbursed
Sep 12, 2015
Repayment status
On Time
Projected term
3 months
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