Get more stock in my boutique and employ someone

Entrepreneur

About Me

I am Michael Sarpong. I am 23 years old. I am the first born of my parents with two siblings. I completed senior high school with a very good grade but could not join university because of finances. So I worked in the informal sector selling mobile phones for one year, until I was able to save funds to pay for my tertiary education. I am now a final year Bsc. Dietetics student in the University Of Ghana. I started my Hawaiian shirts business in the year 2012 during my first year vacation. This was to help finance my education and to prevent idleness as I stay home. Even after school resumed I didn't quit because it turned out successfully. I love to play football and dance to music. I also like searching for information online. My dream is to own a boutique, have a dietetics consulting firm and engage in a large scale agribusiness(rearing and selling of cattle)

My Business

I started my business in the year 2012 during my first year vacation. This was to help me finance my education and to prevent idleness as I stay home. The business turned out successfully and even after school resumed i didn't quit because it turned out successfully. I used to sell the Hawaiian shirts in school by visiting the hostels. I also send the Hawaiian shirts to offices for sale. I just started a wholesale boutique where retailers come in for the Hawaiian shirts for sale.I do advertise the Hawaiian shirts on whatsapp and instagram where clients give me their sizes, with description of color of the shirts they want and i deliver them to their offices in a good package style. My shirts are affordable and very attractive. My shirts suit every occasion too, therefore the demand is higher than what I have in stock. Thus, I will use the loan to invest in the business to increase my production. Every week I make an average sales of 500 Ghana Cedis which is equivalent to 157.11 US Dollars. I am sure that i will make turn around business especially now that i have started wholesale business.

Loan Proposal

Thank you zidisha team and lenders for this great opportunity. When i get this loan i will use USD30 to buy new stock to meet my customers need. I will use USD10 to hire a new employee who will help in the distribution of the shirts and use USD5 as transportation fee. This will serve as a source of employment for the needy . I will also use the remaining USD5 to buy some books for my younger brother who is now in high school. This will reduce the financial burden on my parents. My shirts are affordable, I sell one for USD6.34 and get a profit of USD1.58, therefore when I advertise the shirts on facebook and instagram, demand usually exceeds supply and would want to ensure I have enough stock to meet this demand.

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