Expansion of cosmetic shop

Entrepreneur

About Me

my name is Yeboah Isaac, a 38 year old from Nsuatre in the Brong Ahafo Region of Ghana. i had my basic education at Nsuatre Presby Junior High School. i had a further education at UEW, Winneba. currently, i am teacher at mpatasie presby. i run a retail shop in cosmetics. A married man with two kids. my hobbies are playing games and running any gainful business.As such i love running my business with keen eyes.i was weeding peolpe farms for money to cater for my education ,my wife and my kids ,i started this business because of the hardship i found myself, my community people love different kinds of foods such rice and stew ,banku ,fufu and dresses such as kente tee shirt and also love visiters. my children want to enage in business in future just they love it as l am i used to play ludo with my friends during my leisure time and also have discussions with businessmen on business issues .example on how to run a business without lost.

My Business

i sell costmetic products in my community these products are very useful in human life.one cannot do away without these pomades or creams that i sell.people rash for my products because it helps them get fresh skin and look good.i chose this business because i love it and l am told the capital one will gain from it ,also to make people look fresh.l started with little amount ie to say about $250 and has earn a capital of about $600 recently .with the profits i gain from business i use for my children school ,home expenses, cater for the needy and reinvestment in growing the business .the profits i will gain in this loan will help me do what have been stated above as well as repaying the loan if given me

Loan Proposal

The loan which is being sought will be used for the expansion of my cosmetic shop. The money will be used to buy cosmetic products such as creams, soaps, perfumes and braids of different kinds(noble hair ,obaa sima hair, obaapa hair). Liquid soaps of different kinds( goatmilk, irish spring,shampoos of all kind),hair relaxers and retarching creams(ub hair cream, b.o.16,mvp, dark and lovely) part of the money will be used for making shelves that will house these priducts. Since these goods are in short supply, i dont make enough profit. But when i get the loan and acquire these products for sale , it will boost my profit by about 5%,after paying all bills including taxes.

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Loan Info

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