Door-to-door sales of fish and coconut oil

Charity

Kpetoe, Ghana

100% repaid

Follow Charity

How it Works

Entrepreneur

Name

Charity

Member since

September 2015

On-time repayments

96 installments • 72%

About Me

I am a young lady and I live in the Volta part of Ghana. I have two siblings and l am the third born. I am currently in senior high school and l am the first person to get to this level of education. Its been so hard been held along with a single parent. The soul of my dad has inspired the clouds. Its been difficult for my mum alone to cater for us financially through our junior high school. I had a goal of becoming a medical nurse. Regardless of the limitation in my family and financial constraints, that dream of becoming a nurse looks vivid in my vision. I root for the fact that says, present unpleasant situations cannot determine my tomorrow. Neither can it change my dreams if l do not allow the situation to engulf me. I took to a part time job of selling on my own after school in the evenings which is a home based business and it is making a great change financially to help in paying my fees. I am very hopeful and optimistic. If there is life there is hope. I want to use this platform to get money to expand my home based business. I have enough time to study and do other academic assignments. I am appealing to lenders to help me achieve my dream and purely change my life story.

My Business

I have basically started with selling bottled local oil made from coconut. I have made a progress and l have added the selling of fried and smoked fish to it. I do go around with it on weekends from door to door. I have chosen these goods and services because its the normal and regular consumption of the people in my area. I am able to make 10% of profit on each a day. I use 5% of the profit l make on each bottled oil a day for reinvestment. I sell 15 bottles a day. I use the other 5% for school books. I make a profit 20% from the sell of both the fried and the smoked fish a day. I stash away 10% for my school fees and 10% for savings.

Loan Proposal

I will use this loan to buy more fish. Purchase more coconut for oil preparation. These services will satisfy the demands of the people in my area. It will help me sell well and fast and increase my profit margin. My profit increase 30% a day on both bottled oil and on the fish. I expect my profit margin to get up to 50%.