Stock for my grocery store: mosquito spray, soap, rice, etc.
Samuel
Accra / Adenta, Ghana
100% repaid
Entrepreneur
Name
Samuel
Member since
January 2015
On-time repayments
203 installments • 86%
About Me
My name is Samuel Yeboah and I am from Wenchi B/A Brong Ahafo Region in Ghana. I settled in Accra 15 years ago together with my wife and 2 kids. I came to Accra purposelessly for trading so that I would be able to look after my children and give them all the necessary support to acquire better qualifications, because I did not have the opportunity due to a poor family background.
Today technology and education has become very important; therefore, I have a purpose in mind to educate my children to a high level of education so that they will be learned and get better jobs in the near future. To fulfill this dream, I have a role to play as a father to help my children to acquire good qualifications and skills. This achievement deserves more money at this point in time.
So, I started a trade with a very small amount of money, but later I discovered that before I can succeed it will require more capital. Things were very difficult from early stages: how to start and where to find starting capital was a challenge. I experienced many difficulties, but, God so good, my prayers were answered when a friend recommended Zidisha. I saw it as an opportunity, as a result, and I believe with the help of Zidisha, I will excel.
My Business
Food retail and the supply of health products is my main business. I have been doing this for the past three years, and I am very proud because I earn more profit through daily sales. I consider it my main job and I do it full of passion, determination and focus, and by so doing I am able to take very good care of my family.
I have a vision: to open one more branch at another community in the near future, so that I can employ 2 or 3 people to work there. I believe this vision is achievable with help and support from the Zidisha loan program. I am very happy with my current loan because it will increase my working capital therefore my profit margin will also increase.
Part of the loan will go into the supply of health products because they're also in high demand due to a recent health awareness program in Ghana. More foodstuff is needed in the shop because my community is growing in population; therefore, customers are also increasing each day. I must render good service to help my customers get whatever they need to buy.
This time, if by God's grace I am able to earn more profit, I will use some of the profit to help my Church, taking care of my family and also help the needy, children's home in my community to be priority.
Football is my hobby, but due to time factors I only watch it on TV.
Loan Proposal
I will invest the money in my food shop. I will use the money to buy more food staff for the shop. I will buy $120 of rice, $80 of sugar, $55 of milk, and $200 of soft drinks. I will also add more items that my community need the most, such as $30 of eggs, $100 of frozen chicken, $90 of frozen fish, and $55 of sausage and gizzards. I will also buy $20 of washing liquid and $40 of mosquito spray.
With the items mentioned, my customers will get all they need from the shop. That will increase my daily sales as well as profit. I will expect daily profit of 90%. 10% of the profit will go to my savings, 40% will be used to take care of my family, and the remaining 40% will be used to pay the loan.
About Me
My name is Samuel Yeboah and am from Wenchi B/A Brong Ahafo Region in Ghana,
i came to settled Accra 15 years ago together with my wife and 2 kids.
I came to Accra purposelessly for trading so that i will be able to look after my Children, give them all the necessary support to acquire better qualification because i did not have the opportunity due to family issues
Today,s technology, education has become very important therefore i have purpose in my mind to educate my children to high level so that they will get good Certificate and get a better job in the near future.
To fulfill my dream i have a role to play as a father with hard working and dedication in other to provide them with all their needs so they will have more time to learn, acquire knowledge and skills, This achievement deserve more money at this point in time.
That is why i chose to trade, i started with very small money but later i discovered that before i can succeed i will need bigger capital,
Things were every difficult from early stage where to fine starting capital that was my bigger challenge.
I experience many difficulties but God so good a friend recommended Zidisha to me. As a result, i saw it as an opportunity, thorough him i got my first load from Zidisha in 2015 and i believe with Zidisha Micro Finance i will excel.
My Business
By God grace i own a house in front of the house i have open mini supermarket, i also supply Health product, i mean food supplements with the help of Zidisha. Food retail and supply of Health products is my main Business now and i have been doing this for the past three years and i am very proud because i earn more profit.
I coincided it as my main job i do it with passion, determination and focus, by so doing i am able to take a very good care of myself and family.
I have a vision, my aim is to open branches in two or three Communities so that i can employ few workers.
I believe this vision is achievable with the help and support from Zidisha loan program, i am very happy with my current loan because it will boost my capital and profit.
I will do all my possible best to pay this loan accordingly if my application is granted so that my next loan will increase this will again boost my working capital therefore my profit margin will also increase.
Part of the loan will go into supply of Health product because it's also on high demand due to resent health awareness program in Ghana,
More items is need in the shop because my community is growing in population therefore customers are also increasing each day and i must render a good service to my customers whatever they needs to buy from the shop.
I also have a mission, that is to help and support my Local Church, taking care of my family also to help the poor and needy especially Children in need.
Football is my hobby but due to time factor i only watch football at home with my family.
Loan Proposal
I will invest the money in my Food Shop, i will use the money to buy more food staff to the shop, i will buy $120 of rice, $80 of sugar. $55 of Milk, $200 of soft drinks. I will also add more items that my community need the most such as Eggs $30. Fr-oozing Cheken $100, Fr oozing fish $90, Sausage and gizzard $55. i will also buy washing up liquid $20, Mosquito spray $40.
With items mentioned my customers will get all they need from the shop that will increase my daily sales as well as profit, i will expecting daily profit of 90%.
10% of the profit will be my savings 40% will use to take care of my family and the remaining 40% will be use to pay the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$827.00
Date disbursed
Jul 7, 2017
Repayment status
On Time
Projected term
5 months
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