Fast moving consumable goods for resale

Emmanuel Dumor

Ho, Ghana

100% repaid

Entrepreneur

Name

Emmanuel Dumor

Member since

August 2015

On-time repayments

280 installments  •  94%

About Me

Emmauel Dumor is my name.
Started my education at No. JSS at Akatsi in the Volta Region of Ghana. after school I worked with British American Tobacco Company for three years. After the three years I continued to Akatsi Secondary Technical School, where I pursued Business. I continued to Ho Polytechnic to do HND Marketing. I graduated and have since been working with a distributor and also started a business of my own which i believe would grow to meet the demands of my customers.

My Business

Emmanuel is into a business of buying and selling of fast moving consumable goods (FMGC). examples of this goods are washing soaps, tooth pastes, tooth brashes, soaps, biscuits and more. I want to add Rice and Sugar since a lot of people are requesting for it but the capital involved I huge.
The major activity in my area is retailing and people travel to far distances to buy these things for resale, looking at this I thought it wise to make these goods available for them to reduces the cost of travelling.
This needs much capital to be able to be in business because the more you buy the lesser the cost incurred on each product. my business needs like GHc35,000.00
the profit from my business is re-reimbursed and also part used in helping the poor children to be able to go to school.

Loan Proposal

Good Day Team
Thanks for the support given to me through the loan that has made it possible for me to still be in business of buying and selling.
I would use the money to buy goods like toothpastes, toothbrushes, washing powders, soaps, baby diapers, baby wipes, and the rest. This products would cost me not less than 5000 Dollars if I want to meet the current demand from my customers.
The main occupation in my area is trading, a lot of people go to major markets in other regions to buy goods for resale but not everyone is having the capital to do so, I therefore help them by bringing those goods to their stores helping them save their transport, others too are willing to sell to make a living but they don't have the start-up capital to do business so I help them by selling to them on credit bases and they pay back after a week or two which I believe is helping them to still be in business. I have also employed someone to be helping me in the distribution which is earning him an amount of money at the end of every month all thanks to our lenders and the team.
I make an average of six percent interest on the products I sell.
Thanks to the Team
Emmanuel

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$224.14

Date disbursed

Jul 5, 2018

Repayment status

On Time

Projected term

31 months

Cost to entrepreneur

Service fee: $6.33

Credit risk payment: $31.65

Lenders

Cloudways

Malta, Malta

ads68

Melbourne, Australia

I

Iamzwolf

Middletown, United States

A

Andrei

United States

HCPSPIRIT

Helsinki, Finland

R

RMIM

United States

Paul Buchheit

Mountain View, United States

CN

Craig Newmark

United States

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