Expand my provision store
Ruth Boatemaa
Ankaful, Ghana
$0 to go
100% funded of $170 goal
0
days left
Entrepreneur
Name
Ruth Boatemaa
Member since
May 2015
On-time repayments
64 installments • 28%
About Me
Growing up for me has been a facinating experince, coming from a family of four.
As a child I had the privilege of meeting and interacting with people from all walks of life. Due to the nature of my dad's work, we were always transfered from one place to another and this exposure has greatly influenced my life.
I started my primary education at St. Peters International School at Nketiah and proceeded to St.Louis Demonstration Junior High in Kumasi but was transfered in my second year to Fongo L/A school in the Upper West Region where i completed my basic education.
One most challenging yet successful accomplishment i have achieved is the establishment of my foundation, Future Hope.
l started my provision business a year ago due to the high demand for home supplies. My country is characterised by beautiful landscape and its people are well noted for their hospitality . i derive outmost satisfaction from reading and writing. My children are passionate about giving back to society, so some would be social enterpreneurs while the others becomes doctors and lawyers in the near future.
My Business
I operate a provisions store and in stock,I have the following:canned drinks,canned fish,canned tomatoes,sugar,milo,milk,biscuits,sweets and many more.I chose to sell those goods because I live in a residential area and those goods are in high demand because apart from my shop,the other residents have to walk for miles before they can get those items to buy.My typical cost is 2400 Ghana cedis and my typical revenue ranges from 220 to 280 Ghana cedis per month.I reinvest the part of the profit and I also use part to pay internal revenue( taxes) on the shop
Loan Proposal
I would use the loan to buy home supplies like rice,cooking oil, tin tomatoes and canned drinks to stock my shop. this product are of high demand during this period because must customers purchase them awaiting the Christmas festivities. it would also aid me to expand the size of my store to accommodate more products. this would give me an edge over my competitors at the same providing my customers with their needs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$170.00
Date disbursed
Nov 4, 2015
Repayment status
Late
Projected term
10 months
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