Loan for refrigerators, ceiling fans, etc., for my home-appliance shop

Entrepreneur

About Me

Leticia Ackom is my name. I am 31 yeas old. I reside Prestea in the western region of Ghana. I completed JHS where I was the Girls prefect from the lower primary to the upper primary as well as the JHS level bcause I was brilliant, humble and honest. After JHS due to financial constraint I couldn't continue schooling. My era of business began. I started Home and office appliances business with the aid of a distributor who agreed to give me stock on credit. That business became successful due to the high demand by customers. I am a single parent with two(2) child. They want to be teacher and a doctor. I like reading which I have inculcated into my children.

My Business

I deal in appliances both office and home. Goods that I provide are standing fans, electric fans, kettles, glass center table, chest freezer, electric blender, electric irons, extension board, multi socket etc. These goods are in high demand because I am the only person in my area dealing in home appliances. Also the place being an industrial area favours my business to flourish. Workers buy goods on daily basis. My cost of doing business is $5000. Currently half of my stock is on credit basis. I am reinvesting part of my profit to offset that credit. Part of the profit goes into catering of my children.

Loan Proposal

This loan will be used to purchase office and home appliances. Below are the list of appliances are will purchase:
Standing fan (6)= $200
Electric iron (5)= $50
Water kettle (5)=$50
Chest Freezer(1)=$250
Table top refrigerator (1)=$120
Extension boards(5)=$20
Multi sockets(1 box)=$10
Glass dinning table (1)=$200
Hangers (1 set)= $15
Carpet (4)=$75
Flat screen television (1)=$200
Glass TV stand(1)=$90
Customers demand will be met if I get all these stock available at the shop. This will increase my profit from $30-$50 daily.

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Loan Info