Hi tech fund

Frederick

Accra, Ghana

15% repaid

Entrepreneur

Name

Frederick

Member since

October 2017

On-time repayments

68 installments  •  62%

About Me

My name is Fred Osei. I am a teacher in the Ghana Education Service and at the moment doing this business to supplement the income of the family, seeing the financial situation in the country, and to help other friends who are not working yet to get something to occupy themselves with.At the moment I am at tuba and majority of the people there are farmers and they are very good to us .My children are interested in the business I am doing at the moment and would like to make it big as they take over .I am much interested in playing table tennis at my leisure period .In view of this I to expand the soap making to schools so that many
communities benefit from my knowledge.

My Business

BUSINESS PLAN
K’dua Contractors and Company Ltd. is a dully registered company based in Ghana-Accra and pirates under the labour and business law in Ghana. The company as at now is a small scale soap production manufacturing firm specialized in the production of deltoil, bathing gell, bar soap and liquid soap.
K’dua Contractors and Co. Ltd. has a well-structured management team lead by the CEO with very effective and competent people in the following areas, finance, marketing, Human resource, production and administration /management.
K’dua Contractors and Co. Ltd. has been able to identify and establish that this particular area in soap production in our national development gives an opportunity to do good business and intend to participate to the best of our ability.
K’dua Contractors and Co. Ltd. hope to contribute greatly and play a very good role in this national developmental sector and also to increase our production in the subsequent years.
ITEM PRODUCT PRESENT SALES GH¢ PROPOSED SALE % +
1. Deltoil 15,000 20,000 75
2. Bathing gell 10,000 20,000 50
3. Liquid soap 18,000 26,000 69
4. Bar soap 8,000 14,000 40

We intend to increase our sales by 58.5% in the next three years in our worst case.
We have established the fact that the market exists and we intend to take a chunk of the market in the coming years. If you are able to grant us an amount of GH¢15,000 due to this, we will be able to expand throughout parts of the country.

Loan Proposal

I will use the money to buy the following materials for the bathing fell and deltoil .I will buy
Vitamin E =$100
Base. =$100
Thinner. =$100
Color. =$ 50
Salt. =$ 50
Total. =$400

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

Jun 27, 2019

Repayment status

Late

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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