Cosmetics, bags, shoes and jewellery for my beauty shop

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'll buy and resell cosmetics, bags and jewellery. These items would cost $100. I normally send the items to the destinations specified by the customers: this helps me to be active, and I get my money faster because they pay upon arrival. It also saves time and money for my customers because they don't have to move around to get my items. I expect and hope to get at least 50% profit from this business.

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'll buy and resell cosmetics,bags and jewellery. These items would cost $100. I normally send the items to the destinations specified by the customers,this helps me to be active and i get my money faster because they pay upon arrival. It also saves time and money for my customers because they dont have to move around to get my items. I expect and hope to get at least 50% profit of this business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 3, 2015

Repayment status

On Time

Projected term

7 weeks

Lenders

Megan

United States

PG

Paul Graham

United States

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