Expansion of my provision store

Godfred

Accra, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Godfred

Member since

November 2016

On-time repayments

74 installments • 72%

About Me

My name is Godfred Takyi. Am 23 years old boy and dark in complexion. I am 1.6 feet tall. I am single. I started my childhood education at the age of 3 years at Voice Of Deliverance school (Berekum). A young boy who was interested in Mathematics and Business started selling pens, exercise books and pencils at School at age of 8 years using my little pocket money. I started selling recharge cards after completing my Junior High School, even-though it was difficult combining school and little trade. My step-father who saw me as a little boy interested in marketing got me a kiosk. I sold soft drinks, biscuit etc (provisions) up till date. I live in a place where most of the people are very friendly and respect each others views and the environment is conducive for most businesses. I like reading a lot and playing games.

My Business

After years of hawking i was able to secure a kiosk from my step-father in my community to continue my business which i have operated for a year now. My dream is to operate a Super Market but as at now am running a provision store (kiosk) selling (soft drinks, bottle water and biscuit) in a small quantity. A lot of the customers always ask for other goods that i do not have although the business usually runs fast but the profit earned are used to purchase the same goods because it is in lesser amount. The loan will be used to purchase different types of goods and the other goods i do not have in a larger quantity. (upgrading)

Loan Proposal

Bulk purchase of goods from the wholesale, such as 3 crates each of soft drinks (coke, fanta, sprite, cocktail) at Gh¢50 per each crate, 2 boxes of vodka at Gh¢150 per each box, 5 boxes of biscuits at Gh¢30 per each box, 5 boxes of bottled waters at Gh¢20 per each box and a box of alcoholic beverages at Gh¢50.
My customers will be happy buying goods from me without travelling or walking a far distance. This will help me attract or gain more customers.
If all factors being equal, my profit will increase by 75%.