224 installments • 72%
My name is Alfred Sangpour from Lawra in the Upper West region, Wa-Ghana. I am the first born of the family of four but with step siblings of seven.
I am someone with a very difficult childhood. My parents are peasant farmers so often times, school fees was a problem. By the grace of God and kindness of friends and relatives, I was able to make it to university and now am a teacher. I am married with one kid. I want to work hard in order to provide for my family and circles.
I wish to engage in mini importation alongside my teaching job. I financed the shop with personal savings and credit facility from a credit union I belong to. My turnover weekly is well over $350 with a profit margin of 35%.
I believe with extra capital injection, my revenue would greatly increase and return profit of over 50%.
I therefore counting on zidisha for this loan to establish and obtain increased profit to change my economic situation and to support my family and circles.
The loan when granted would be used to achieve the following:
1. 85% of the loan be used to stock cosmetic products of my beauty products Company limited. The would help me overcome products shortage.
2. Previous and Potential lenders, 5% of the to be given loan would be channelled into research and business development in the Research and Development division of the organisation. Research has the positive potential to assisting me detect, anticipate and satisfy change in demand and change in quantity and quality demanded of the various cosmetic products I offer.
3. Sirs/Madams, the remaining 10% of the to be granted loan be used to meeting marketing expenses.My business intend to engaging Direct Sales Agents (DSA) in supplying cosmetic products to non -Shop visiting clients and potential customers.
4. 5% of the would-be loan would be used to meet business meetings and business travel expenses. The business meetings are about having gathering with same industry plays and the business travel cost has to do with taking products deliveries.
Jan 23, 2019
Cost to entrepreneur
Service fee: $19.88
Credit risk payment: $119.77