Expanding petty trading

Yaw

Obuasi, Ghana

100% repaid

Entrepreneur

Name

Yaw

Member since

December 2016

On-time repayments

21 installments  •  76%

About Me

My childhood has been pain and hardships, I went to Kumasi Anglican secondary school.it was not easy at all during those days. After secondary education, i engaged myself in petty trading selling of chewing gums,and other interesting toys that children love to play with .These products were purchased regularly which made me earn more profit effectively especially during holidays like Christmas ,ester,and other entertainment activities which brings families together.Sometimes i give them discounts on the products if they buy my commodity on a regular bases which has helped me attract more customers.i used to operate my business on a table i made myself from pieces of wood i acquired from a friendly carpenter.the area in which i grew up from consist of people who are very hard working and interested in establishing their on businesses.Especially most of the farmers are engaged in cassava plantation in which they transform it into gari and sell to other people and even on a large scale to industries

My Business

I am into petty trading with goods like toys ,chewing gums,biscuit and many more but due to my little income income in my business i have not yet acquired a store to operate my business in.This idea of business was developed by myself through personal observation .I realized that children in the community have no source of entertainment and they are lagging behind as the world is quickly developing with new products and advancement in technology .most of the toys i purchase are toy guns ,toy cars ,teddy bears,cooking items for the little girls,toy bags,toy characters in movies and many more.these items are made in reality in most of the advanced countries but not a developing country like mine so i try to purchase the toy versions of the products to help my people to determine and know the new advancement in the system.With the little revenue i earn,i save it regularly in other to be able to continue my education at the tertiary level ,i also u some to feed my parents who are very old and cannot work hard enough to cater for the family.i am not yet married because of the economic condition in which i find myself in.

Loan Proposal

with my petty trading business,i only focused on the children but i have also noticed that most people find it difficult to acquire some commodities.their difficulties are seen to me as an opportunity to identify their problem and come out with a solution .so with my observations carried out i have listed they types of products in which my community members which include toothpaste, pens books and others.i would like zidisha to assist in providing me with this loan so that i will be able to expand my business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$8.00

Date disbursed

Apr 28, 2017

Repayment status

On Time

Projected term

2 months

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