Inventory for my hardware shop

Entrepreneur

About Me

Ernest Benneh is my name. I come from Berekum in the Brong Ahafo Region. I started my basic school at Methodist Basic School in Berekum. I furthered my education from there to Berekum Senior High School. My parents are farmers by profession. I am the general owner of Ernest Hardware. I chose this kind of business because my place or area is very good in that business and that place was where I was brought up. Because my place is a new site and people travel to Berekum for hardware products. If I am being given $400 in a week I can get $60 to $80 profit a week. The loan will also help me to expand my business and also employ more people.

My Business

Ernest Hardware is the name of my shop. I started this shop in my area because there a lot of people in that area and they will be needing these products for their works. Since I started this business, I can see that people are always at my shop purchasing. The main products are roofing sheets, nails, cement, wheelbarrows, hammers, paints and many others which people rush to my shop daily for these products. If I invest about $630 within a week I can get $60profit because as soon as I bring the goods community people come in and purchase them. My business capital is small and I need money to purchase most of the products in order to attract more customers as far as the community population is concerned. If i am giving $630 i will use some to purchased Nails, Hacksaw, Paints, Oil Paints, Padlocks, Shavel and Spade ($350), Headpan, Hammers, wheelbarrows, Keys, Measuring tape, Saw, Sanding sealers, Thinners etc ($180), and the $100 for iron roads.The profit will also be used in reinvesting.

Loan Proposal

When I receive the loan, I will buy products to stock my shop. Some of the products I will be buying are roofing sheets, paints and cements which people rush in to purchase every minute. I assure you that, Iwill use the money solely for it purpose in other to attract more customers and help grow my business in order to repay my loan. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 41% profit within a week to pay back the loan.

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