Inventory of detergent, soap, rice, sugar for provision store
Michael
Berekum, Ghana
100% repaid
Entrepreneur
Name
Michael
Member since
May 2015
On-time repayments
71 installments • 11%
About Me
My name is Michael Owusu. I come from Berekum in the Brong Ahafo Region. I started my basic school at Presby Basic School in Berekum. I furthered my education from there to Berekum Methodist High School. My parents are farmers by profession.
I am the general owner of Owusu’s supermarket. 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 daily goods, if I am being given $100 in a week I can get $40 to $50 profit a week. The loan will also help me to expand my business and also employ more people.
My Business
Owusu’s Supermarket Shop is the name of my provision store. I started this supermarket 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 are rice, sugar, milk, Lipton, and soft drinks, and workers rush to my shop daily for these products. Also products like soap powders and detergents are sold in my shop.
The main motive behind me choosing this business was that everyone will need these items in everyday life. If I invest, for example, $100, within a week I can get $40 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
When I receive the loan, I will buy products to stock my shop. Some of the products I will be buying are detergents, soap, rice, sugar 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 payback the loan.
About Me
my name is Michael Owusu. I come from Berekum in the Brong Ahafo Region. I started my basic school at Presby basic School in Berekum. I furthered my education from there to Berekum methodist high school. My parents are farmers by profession. I am the general owner of Owusu’s supermarket. I chose this kind of 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 Berekum for daily goods. If am being given $100 in a week I can get $40 to $50 profit a week. The loan will also help me to expand my business and also employ more people.
My Business
Owusu’s supermarket shop is the name of my provision store. I started this supermarket shop in my area because there 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 are rice, sugar,milk, Lipton and soft drinks which workers rush to my shop daily for these products. Also 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 $40 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
When I receive the loan, I will buy products to stock my shop. Some of the products I will be buying are detergents, soap, rice, sugar 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 payback the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 1, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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