Inventory of home supplies and food retail
Dorothy Emefa
Accra, Ghana
100% repaid
Entrepreneur
Name
Dorothy Emefa
Member since
February 2015
On-time repayments
24 installments • 96%
About Me
I grew up living with my dad and step mum, I completed University of Ghana in 2013. I read Linguistics and Archaeology . When I was in the University my dad only pays my school fees and expect my mum to take care of the remaining expenses, but my mum was not working so I had to sell some products, work about two jobs at a time just to provide for myself till I completed the University. I was already interested in doing business right from primary, back then I used to sell cereals and some other things children like to my friends at school. Ghana is rich in a lot of raw materials. I'm single but attached. My hobbies are not unique, they are trading , singing and listening to music.
My Business
I'm not into just one particular business, because I do a lot of buy and sell. Also I have other major business projects in mind which I haven't started yet because of inadequate funds. Some of the products I deal in are cloths, pen drives, eggs, pure water, bathing gel, hand wash liquid soap, dressing accessories, etc. The cost can range from $65-$300, depending on the quantity you will buy. These products are very useful because they are products people use everyday. For revenue, it within the range of $15-$150. I reinvest some of the profits, use some to pay for the fees of an investment course I undertook and also for other personal needs.
Loan Proposal
I will buy these ingredients; chilli pepper, ginger, shrimps, vegetable cooking oil, onions, smoked herrings, garlic and tin tomatoes for the preparation of pepper sauce (shito). I will need some bottles for packaging and also a label to brand the pepper sauce. I will distribute it to some supermarkets. I will need like $95 for the start. This will help me to raise money for other business projects I want to undertake, also I will be able to help my dad take care of my 7 siblings and also help create job opportunities for other people. I'm expecting a profit increase of 20%-30%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 3, 2015
Repayment status
On Time
Projected term
2 months
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