Inventory of electrical shop

Richard

Senase, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Richard

Member since

February 2015

On-time repayments

6 installments • 83%

About Me

Richard Kyei is my name, I come from Berekum in the Brong Ahafo Region. I started my basic school at Berekum Akab Complex School, from there i went to Sunyani Senior High School where i offered Business with obtion in Accounting,Management,Costing and Economics.From there live was not easy for me at all because there was no money for me to continue my education.I then wrote more application in such of work, it took me two years before a certain man amployed me in his Electrical shop. I worked with the man for several years and due to my hard working i was able to accumulate some amount of money of which i also started my own shop. I started it with the small money i had and by the grace of God is improving. The uniqueness about my area is a lot of people are building so they need it.

My Business

The name of my business is olando Electrical Shop. It is located at Berekum near the main lorry station. The actual goods and services i provide are selling of electricals like wires, bulbs, funs, friges, cables,blenders etc. The goods are useful because a lot of people are building houses and they will need it to help them generate electricity in their various homes. Some of the goods also service as basic need in the house. The main motive behind me choosing this kind of business is that, the goods are highly demanded due to the increase rate of building in my area. If i invest let say $ 100 within a week i can get $60 profit because as soon as i bring the goods people come to buy. Even sometimes they pay before i go and bring the goods. My capital is small that is why i am pleading with you to help me expand my business with the loan.

Loan Proposal

I will use the money to buy wire, cables, extension boards etc. The benefit i will get from this is that i will get money to buy food for my self and my family also i can employ more people to work and they can also get money to feed their family. I believe when i get $100 i can get $60 profit a week. The loan will also help me to expand my business.