Inventory of soft drinks for sale

Song Erah

Abakrampa , Abura Aseibu Kwamankesi District, Ghana

100% repaid

Entrepreneur

Name

Song Erah

Member since

January 2015

On-time repayments

105 installments  •  68%

About Me

My name is Song Erah Hana and i am a Ghanaian. i have two brothers and a sister. i am a high school graduate. As a young child, i en-counted difficulties in my academics ,however, i managed to pull through high school. Due to that learning challenge , i decided that i will not further my education but peruse something else which i realised even at a young age that i was very good at and that was trading. so right after high school, i took to trading in soft drinks and beverages in my town. i did well from to onset but it was not on a large scale. i have been working so hard since then and things actually have not been easy but i know i will get there some day if only i dont loose faith . i believe in the virtue of faithfulness and that has been my friend all this while.

My Business

I sell bottled soft drinks and beverages in my community on small scale with the hope that someday i can raise the needed capital to trade on large scale. i choose this business because the demand is high in my community and also the profit margin is also very good and then also durring funeral and other social gatherings, they always make use of my services as in supply them with soft drinks in crates. for the cost and profit, i make around 40% to 60% profit of the sales i make in a day and since competition is also not that high. because i want to grow that business in to a big business, i mostly invest about 70% of my profit back into my business and i live on part of what is left and the rest goes to my aged parents for their up keep.

Loan Proposal

if my loan wholly funded, i will use all the loan to purchase crates of soft drinks for sale. as it stands , a crate of coca cola or sprite cost at some $8 hence i will be able to buy about 12 crates to sell to my customers. after selling each crate, i make a profit of about $2 to $4 which is not bad at all . and with this level of profitability i can really repay this loan on time and maintain my financial integrity with all lenders and the Zidisha family.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 20, 2015

Repayment status

On Time

Projected term

8 weeks

Lenders

Franmiguel

Perth, Australia

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