Inventory of clothing and shoes
Everlasting Mawuhi
Sogakope, Ghana
100% repaid
Entrepreneur
Name
Everlasting Mawuhi
Member since
June 2017
On-time repayments
53 installments • 89%
About Me
wasn't able to continue or further my education. And I am the only child that attended school up to this level because there is no money to send us to school. I was even fortunate that I have stayed with my uncle before and through him I was able to go to basic school. As I started growing, I said to myself that I have to do something to survive and achieve an important goal in my life.
Besides, I don't want my children to suffer or struggle in their lifetime the way I am struggling before I can even eat in a day. As I have been selling mangoes and oranges for a setting woman in a market from her small farm land, i started contribution small small and out of that I was able to save an amount of money that I used to start my own small business. I used to buy tomatoes from farmers and send it to the market to go and sell . This is how I was able to survived. Furthermore, out of that I was able to raised an amount of money of which I am using for my current business. The unique thing about the culture where I live is freedom of rights, friendly and peaceful living.
My Business
In fact this goods are very useful and demanding since I am the only dealler in my community. The main reason for choosing this kind of business is that I have realized people travel from the town to the city before buying clothing, shoes ,sandals, slippers ,trousers etc. Since I know their taste or desire , I decided to enter into this business and it is working well for me.
My typical cost of running the business is 1000Ghana cedis only of which is very small for me. Averagely I generate a revenue of 1300 GHS from this business. However I want to expand and grow the business hence the need to inject more capital and get higher returns. Sometimes I take the goods on credit from my supplier, sell it and pay him back which slows down thbusiness. But I wish I have my own money for this profitable business.
I have been reinvesting the profits in growing the business and so far things are looking good. But I need your support to further expand and grow this business. I will be very grateful for your subsequent approval. Thank you and God bless you.
Loan Proposal
This loan will be used to buy more clothes and shoes for my retail business. This will increase my stock level and help me sell more goods to generate more revenue. It will be a delight if this loan proposal is funded as early as possible. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$158.00
Date disbursed
Jul 9, 2018
Repayment status
On Time
Projected term
2 months
Lenders
Spain
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Margaret Oct 2, 2018
Margaret Apr 1, 2018
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