Entrepreneur
Name
Dorothy Emefa
Member since
February 2015
On-time repayments
24 installments • 96%
About Me
I grew up living with my dad and step mum, I completed University of Ghana in 2013. I read Linguistics and Archaeology . When I was in the University my dad only pays my school fees and expect my mum to take care of the remaining expenses, but my mum was not working so I had to sell some products, work about two jobs at a time just to provide for myself till I completed the University. I was already interested in doing business right from primary, back then I used to sell cereals and some other things children like to my friends at school. Ghana is rich in a lot of raw materials. I'm single but attached. My hobbies are not unique, they are trading , singing and listening to music.
My Business
I'm not into just one particular business, because I do a lot of buy and sell. Also I have other major business projects in mind which I haven't started yet because of inadequate funds. Some of the products I deal in are cloths, pen drives, eggs, pure water, bathing gel, hand wash liquid soap, dressing accessories, etc. The cost can range from $65-$300, depending on the quantity you will buy. These products are very useful because they are products people use everyday. For revenue, it within the range of $15-$150. I reinvest some of the profits, use some to pay for the fees of an investment course I undertook and also for other personal needs.
Loan Proposal
I will take stock of some dresses and also buy more of the ingredients needed for the pepper sauce. It is basically to increase my stock for the two businesses. For the dresses I need to take them and give them out on credit for people to be repaying in installment. I'm yet to go for the next stock and can't tell how much it will be going for then. More so, I don't know the number of people who will pay upfront and those who will pay in installment. This will also make the prices fluctuate depending on whether the person is paying upfront or not. As I do this business I'm able to help a friend from church since he is the one taking care of himself, two other siblings and mom. I'm thinking of making him join me to do this business as well. So one cannot really tell the profit at this time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$186.00
Date disbursed
May 29, 2015
Repayment status
On Time
Projected term
5 months
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