Loan to increase inventory for my food provisions shop

Frimpong

Bechem, Ghana

3% repaid

Follow Frimpong

How it Works

Entrepreneur

Name

Frimpong

Member since

February 2016

On-time repayments

18 installments • 17%

About Me

My name is Doris Frimpong. I come from Bechem in the Brong Ahafo Region. I started my basic school at Catholic basic school, I furthered my education from there to Sunyani senior high school in . My parents are farmers by profession hence all my education cost was funded their product earns from the farm. In life it takes ones own imagination to be poor or rich ,thus you can identify a problem and solve it. I completed my secondary education and due to my hard work, and the respect that I have for people. I was employed in a store and began to identify the needs of the community. With the little savings made, I started my own provision shop since that the community need these daily needs for their survival. My people have unique cultural values in the sense of taboos and custom beliefs which are highly respected

My Business

Doris provision shop is the name of my provision store. It is located at Bechem main high way. I started this provision store in my area because there a lot of people in that area and they will be needing these daily items and canned food for survival .Since i started the business, i can boast that people are always at my shop purchasing. The main products are breakfast items like sanitary pad for both babies and adults. Also laundry 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 every woman or baby will need the pad. If I invest let say $ 100 within a week I can get $20 profit because as soon as I bring the goods people come in and purchase them . My business capital is not up to expectation since I want to purchase most of the products in order to attract almost 60% of people in the community . The profit will also be used in reinvesting and opening of other stores in other to employ people and pay them to earn a living.

Loan Proposal

My dear lenders ,please i need a loan of $200.00 to help purchase some provisions into my shop.I will purchase canned fish,milk,milo margarine,sugar cubes,rice,tin tomatoes,and some other items which i do not have in my shop.There has been increase in demand for this items in my area.So i am pleading with all lenders to come to my aid to assist me to boost my business.It will help me increase my weekly profit by 30% if i manage to get this items into my shop.My dear lenders please come to my aid and assist me and i promise to repay my loan on time .Thank you,