Expansion of sales of cane products business

Wise Torgbo Dziedzorm Kwaku

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Wise Torgbo Dziedzorm Kwaku

Member since

November 2014

On-time repayments

221 installments  •  71%

About Me

I am a young man of 28 years old and first of a family of five to my parents Mr. Torgbo Samuel and Mrs. Fe- Mensa Stella. I live in Sunyani in the Brong Ahafo region of Ghana. I had my basic and secondary education in the Bekwai municipality where my parents are predominantly farmers of cocoa and palm plantation. I attended my secondary college for Visual Art studies and Business studies in the Awudome between 2001-2004 and Oppon Memorial Secondary between 2005-2008 respectively.
I continued my tertiary education to pursue HND in Marketing at the Sunyani Polytechnic. i am currently persuing my Bsc Marketing Distance program with the University of Cape Coast - Sunyani campus in the Brong Ahafo region. Though I have interest in becoming a master holder in Marketing, my passion to utilize the opportunities for rural art development in my country is at a high desire.

My Business

To treasure above all else, I take desire in taking adventure in sales of goods and services. I have been very successful in my current cane business. I appreciate the good returns I made from my personal selling job in the last year.
Considering the durability of cane and bamboo products, I have been able to direct my customer attention to other durable cane and bamboo product such as babies cot, dining table and chairs, wall drops, rocking chair, dressing mirror stand and bamboo bed. I am still working hard on my store room to use as a shop which I shall combine stationary items Due to the majority of Christians and literate in my community I shall also sell the Holy Bible and other books. Due to my skills in sales and marketing, I am able to penetrate through the market as the demand for my goods gradually increases in the market.
PURPOSE OF LOAN AND REPAYMENT
My business is at the growth stage and need to be sustained. I need your support financially to move through to maturity. I am a testimony to how your organization has supported some Ghanaian businesses. The loan will help me pre finance my producers to produce to meet my customers demand. The suppliers of the raw materials only supply their materials upon demand by my producer. I believe the loan will help me support them to have materials always. Considering the demand and the national attention on locally produce goods, I will be able to pay back the loan with interest as schedule.
My vision is to supply the end product of the cane and bamboo material to all part the country by the next two years possibly and profitably.
PROFIT AND SUSTAINABILITY
I have always made profit from my sales. I started without capital but I made profit after a day sales. The sales business is very profitable and can be sustained for the next generation. I will advice my producers with my marketing skills for innovative products to sustain the business. After my first adventure, I have invested some capital and need to invest more to meet the demand to make good returns.

CONCLUSION
Indeed the lord is on our side for your previous loan have been very profitable. I would be grateful if my application in considered. I will be able to make profit because the demand for the cane products is competively affordably as compared to other metal, plastic and timber furniture products. I hope you are convinced to lend and support my business to grow due to my previous success. Thank you and God richly bless you.

Loan Proposal

I want to pre-finance my producer to get materials from the farmers on time so that i can be able to meet the demand of my customers as agreed. The loan will also help strenghten my financial expenditure sure as carriage cost and other transportation.
The loan will help me to motivate my producer to encourage him.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$220.67

Date disbursed

Jan 7, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $220.67 at 3.57% annual rate over 3 months = $2.21

Service fee: $1.27

Lenders

karestan

Toronto, Canada

G

golivera

Lima, Peru

T

tkromm

Agia Paraskevi, Greece

Arne Bachmann

Hamburg, Germany

Roy

Espoo, Finland

Franmiguel

Perth, Australia

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