Inventory of sachet water and soft drinks

Iddrisu

Bandah Nkwantah, Ghana

100% repaid

Follow Iddrisu

How it Works

Entrepreneur

Name

Iddrisu

Member since

February 2015

On-time repayments

101 installments • 78%

About Me

my name is Iddrisu Mariama and a Ghanaian..i grew up in the family of three other siblings and i was the second of the four .i was enrolled in high school but dropped out in year two because of funds. i had to look for something to do to earn a living since my parents could not afford any better. as a results, i took to selling sachet water and canned soft drinks right after dropping out of school on a very small scale. however, as time went by , i have been able to improve and it is no longer on small scale but now i deal with a lot of bags of sachet water. life have been practically tough before for me as a woman but i have not given up and i wont actually and that is what has helped me all this while. In all these struggles, my dream is to be able to work hard and build a better home someday.

My Business

i sell or deal in sachet water but on a small scale. Actually people drink a lot of water in a day and as they drink so is my business to supply at a profit. i choose this kind of business because of the profit involve and also at the time i was starting out, the capital to start was minimal. possibly i buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i still help my parents with some of my profits for them to take care of themselves and my younger brothers and i invest the rest back into my business and live also on a percentage of it. the most important thing in this sachet water business is Hard working and that has never been a problem at all with me.

Loan Proposal

i deal in sachet water which is commonly called 'pure water' in Ghana and some few soft drinks like canned coke and malt. if my loan is fully funded i will use $50 to buy twenty bags of sachet water with each bag containing 24 pieces. then i will use the other $50 to purchase crates of soft drinks to sell but this time around the canned ones. One thing that i have been observing over the many years that i have been in this business is that, people drink a lot of water and soft drinks in the dry season like this making demand for my goods very high in this dry season like this. Per my calculations so far, i am expecting an increase in profit of up to 40% if my loan is funded and i go for new stock or inventory.
this effort of mine will make treated drinking water readily available for the people of my community . knowing that water is a basic requirement of life.
then to me as an individual, it will increase my profit margin and help me and my business to grow and grow and grow...