Inventory for my shop

Sandra

Sunyani, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Sandra

Member since

March 2015

On-time repayments

179 installments • 91%

About Me

My name is Sandra Amanim Kwartemaa. I come from Sunyani in the Brong Ahafo Region. I started my basic school at Sunyani Methodist School, I furthered my education from there to Komfo Anokye senior high school. i have also completed the tertiary at sunyani polythenic.My parents are farmers by profession. I am the general owner of God First shop. I choose this kind business because my place or area is very good in that business and that place was were I was brought up. Because my place is a new site and people travel to Sunyani for daily goods. If am being given $100 in a week I can get $38 to $45 profit a week. The loan will also help me to expand my business and also employ more people. When I completed my secondary education I was employed in a shop and began to identify the needs of the community. With the little savings made I started my own supermarket shop. I can see that the community need these daily items in their homes.

My Business

God's first shop is the name of my provision store. I started this shop in my area because there are a lot of people in that area and they will be needing these daily items and food for living. Since I started this business, I can see that people are always at my shop purchasing. The main products include,cooking oil, milk, bread, tea, sugar and rice which workers rush to my shop daily for these products. Also laundry products like, soap, soap powders and detergents are sold in my shop. The main motive behind me choosing this business was that, everyone will need this in everyday life. If I invest let say $ 100 within a week I can get $50 profit 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. The profit will also be used in reinvesting

Loan Proposal

Glory be to God i have been able to repay my loan successfully. I am applying for my second loan.When I receive the loan, I will buy products to stock my shop. Some of the products I will be buying are rice, sugar to add to the already products in stock which people rush in to purchase every minute. I assure you that, I will 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.