Funds to expand my beauty and fashion business

Entrepreneur

About Me

My name is Elizabeth Okai. I am 18 years of age. I am a Ghanaian and I live in Madina. I attended St. Peter's Mission School for my junior high education and Methodist Girls for my secondary school education.

After school, I decided to venture into business to be able to sponsor my tertiary education. My mother is a petty trader, so things are not rosy at home. I often help her in her trade. I thought of establishing my own business to lift the burden off my parents and create a better future for myself.

Ghana is a very peaceful country with fertile land. Agriculture is a very prosperous business here. My hobbies are listening to music and reading.

My Business

I deal in buying and reselling cosmetics, shoes, bags and jewellery. There are lots of ladies and women who fancy the goods I sell. I chose this kind of business because it's a business that sells out quickly. Sometimes one person can buy three to four different items at one time. I use about $100 to get my goods and I get back a 50% profit, which is $50. I save my profits for school in a bank, then I use the rest to continue my business.

Loan Proposal

I will use this loan to purchase goods to expand my beauty and fashion business. I will buy bags for $100 ,$100 to buy jewelry, $100 to buy shoes, $100 to buy purses ,$183 to buy beauty products for acne.
Reinvesting in this business will give me the opportunity to continue with my schooling and pay a worker I employed to help in the delivery of the goods to customers whilst i'm in class.
I hope for my profit to increase by at least 50%.

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