Expanding the products base of my supermarket

Margaret

Berekum, Ghana

100% repaid

Entrepreneur

Name

Margaret

Member since

November 2015

On-time repayments

121 installments  •  67%

About Me

I am rarely known by the name Margaret Kyeremaa; this is because people normally call me Madam Business. Life has not been easy before the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region of Ghana. I completed basic school in one of the schools in the town and furthered to finish secondary school. After completion, and hoping to further the breadwinner of my family, my father lost his job and this led to thinking and stress and later he lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying for success on hope and miracles. I started some petty trading whereby I sell on the streets and to various homes. This led to further initiative to open my small store at a vantage point to attract customers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education, hence I decided to enter into business for survival. In our part of the world, it is difficult to excel in business since there is no motivation and resource development. Business, on the other hand to education, is the establishment of oneself to the benefit of the society, Both the initiator and the environment receives benefit.

My store is located in Berekum, a town in the Brong Ahafo. The specific location is at Kyiribaa where I sell daily consumables like breakfast products, detergents and provisions. These products that I retail to my community are very useful because people use them daily. That is why I have named it daily consumables. Their demand is very urgent, for example: sugar, toilet roll, bread, milk, soap, etc.

Cost and revenue functions are important in establishing how profitable the business is. My capital was very little since I started the business with 1000 Ghanaian Cedis 3 years ago. With the help of Zidisha, I have been able to raise the stock and asset level to 3500 Ghanaian Cedis now. My expenses are: my daily consumables, utility bills and a helping hand I give to my younger brother and sister for their school fees. Some investment has been made with the remaining profit in purchasing of secondhand clothing and reselling it. These clothes are highly purchased in our part of the world. I have started and the business is moving on smoothly.

Loan Proposal

Loans when used exactly for their purpose help the borrower to fulfill his promise to the lenders. These were the last words of my father who was then the bread winner of my family before he passed away. He left nothing but gave me this advice before he left. you planned of what to use the loan for and calculate how you are going to pay it before getting the loan. But when the initial plan changes after getting access to the loan its time of payment also changes. i had this in mind and since inception has gone a long way to help boost my business whenever loan is acquired.
when i get access to this loan, i will rush to the wholesalers and purchase a list of these daily consumables in order to attract all buyers in my area since am now leading the market there. they need to at-least get 95% of their daily consumable needs at my joint.
By so doing i become a reliable retailer with my buyers having in mind that whenever i get to madam business joint i will get what i want. this is helping my business a lot. If am able to invest 600$ in my business i will be able to get a profit of of 190$-250$ a week to settle my loan in installments and using the rest for other necessities in life. thank you

Show original English  

About Me

I am rearly known by the name Margaret Kyeremaa this is because people normally call me madam business. Life has not been easy fore less the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region Ghana. I completedy basic school in one of the schools in the townand furthered to finish Secondary school. After completion and hoping to further the bread winner of my family thus father lost his job and this lead to thinking and stress and later lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying sucess on hope and miracles. I started some petty trading whereby i sell on the streets and various homes. This lead to further initiative to open my small store at a vantage point in Other yo attract cuatomers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education hence i decided to enter into business for survival.In our part of the world, is difficult to excel in business simce there are no motivation and resource development. Business on the other hand to education is the establishment of oneself to the benefit of the society with which both the initiator and the environment receives benefit. My store is located in Berekum a town in the Brong Ahafo. Specific location is at Kyiribaa where by i sell daily consumables like breakfast products, detergents and provisions. These products i retail to my community are very useful because they use them daily that i why i have named it dily consumables. Their demand is very urgent example sugar, toilet roll, bread, milk, soap, etc. Cost and reenue functions are important in establishing how profitable or loss the business is. My capital was very less since i started the business with 250$ 3 years ago. With the help of zidisha i have been able to raise the stock and Asset level to about 900 US dollars as at now. My expenses are my daily consumables, utility bills and a helping hand i give to my younger brother and sister thus their school fees.Some investment are been made with the remaining profit in purchasing of secomd hand clothing and reselling. These clothing are highly purchased in our part of the world. Have started and business is moving on smoothly. I have opened a new store where i sell this clothing. I would like to purchase a bale of clothing which cost about 700 US dollars. After sales the principal and the profit is estimated about 100 dollars which is a good business.

Loan Proposal

Loans when used exactly for their purpose help the borrower to fulfill his promise to the lenders. These were the last words of my father who was then the bread winner of my family before he passed away. He left nothing but gave me this advice before he left. you planned of what to use the loan for and calculate how you are going to pay it before getting the loan. But when the initial plan changes after getting access to the loan its time of payment also changes. i had this in mind and since inception has gone a long way to help boost my business whenever loan is acquired.
when i get access to this loan, i will rush to the wholesalers and purchase a list of these daily consumables in order to attract all buyers in my area since am now leading the market there. they need to at-least get 95% of their daily consumable needs at my joint.
By so doing i become a reliable retailer with my buyers having in mind that whenever i get to madam business joint i will get what i want. this is helping my business a lot. If am able to invest 600$ in my business i will be able to get a profit of of 190$-250$ a week to settle my loan in installments and using the rest for other necessities in life. thank you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$627.00

Date disbursed

Oct 17, 2017

Repayment status

On Time

Projected term

3 months

Lenders

G

glh25

Winooski, United States

PG

Paul Graham

United States

Ren

Minneapolis/StPaul, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$626.89

Amount remaining

$0.00

Date repaid

Feb 23, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Oct 28, 2017 $125.28 Nov 1, 2017 $125.28
Nov 4, 2017 $0.00
Nov 11, 2017 $23.24 Nov 20, 2017 $23.24
Nov 18, 2017 $23.24 Nov 20, 2017 $23.24
Nov 25, 2017 $23.24 Nov 29, 2017 $23.24
Dec 2, 2017 $23.24 Dec 7, 2017 $23.24
Dec 9, 2017 $23.24 Dec 13, 2017 $23.24
Dec 16, 2017 $23.24 Dec 13, 2017 $23.24
Dec 23, 2017 $23.24 Jan 10, 2018 $23.24
Dec 30, 2017 $0.00
Jan 6, 2018 $0.00
Jan 13, 2018 $0.00
Jan 20, 2018 $0.00
Jan 27, 2018 $315.88 Jan 12, 2018 $23.24
Feb 23, 2018 $292.64
Feb 3, 2018 $23.01 Feb 23, 2018 $23.01

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