Inventory of spices and food ingredients

Entrepreneur

About Me

My name is Josephine Arthur and a young Ghanaian lady. i am a senior High school graduate who graduated just some three years ago. i the fourth of six children born to my parents . my three senior siblings are all High school graduates too. i actually decided to go into small super market business right after school when i realized that there was no prospect for me to further my education. having to grow up in a poor family of eight and been a woman i had to choose the life i want to live at an early stage. i never had most of the things i needed to help me grow up as others have and had as young girls but i chose my standards and learn very well in school but despite good results i was going to stay at home anyway.
so when i completed i went to stay with an auntie and worked as a restaurant attendant for a year where i gathered little money to come and start this my business of selling spices and provisions in my community. initially i used to carry it from house to house. that was not easy at all. people and my mates back in school said all they wanted to say but knowing what i want in life i did not give in or became shy so as to stop what i set out to do.
Today i have a small shop and business for my standard is not bad since sales per day is not bad. i have always have the dream to grow my business and expand it and i also have a dream to grow the business to a point where it will be my back bone while i enroll in a weekend program for my tertiary education. i have learn over the years to stick to my own standards and work hard as a woman for i will surely find the way and walk out of the poverty i was born into. so i am working very hard. i love integrity actually and i really want to achieve great things as a woman. i am young and full of dreams and looking for help the right way to expand my business.

My Business

I operate a mini super market in which anything for cooking our local delicacies are readily available at my shop. i sell spices, pepper, onions, and then also i sell provisions like Milo , biscuits and Candis with some soft drinks but not really on large scale due to inadequate capital on my part
then also these goods are really useful since people need to eat delicacies rich in food nutrients so as to stay healthy. i choose this kind of business because the capital to start is not all that huge though it gets to be huge as time goes on. and then also i chose it because i trade very well even from my childhood days.
the nature of my business is such that profit is around 50% of the investment you will make into the business especially if your customers can have all they want from your shop.
i save a little of the profits and then i reinvest the rest into stock purchase and the up keep of my parents who are very old now and my two younger siblings. for now all the savings i am doing is geared towards my higher education so i am actually working very hard to make that dream a true reality.....

Loan Proposal

if and when my loan is fully funded, i will divide the $100 among the various goods i sell. i will use $15 to purchase three boxes of cooking spices, $20 for fry toll cooking oil which are in their mini bottles.the $20 will buy a box which contains 12 bottles.i will use $40 to buy three big bags of locally manufactured rice which i will later sell then in small quantities to my customers and the general public in my community.then i will use $25 to buy two crates of soft drinks and one box of canned coke.
To myself, this will increase my profit margin up to 40% and will let my customers to develop confidence in my business since they can then have whatever they want. to my community, it will save them the transport cost of having to travel long distances to other villages to purchase these goods.
i therefore expect a profit increase of about 40% and that is per my calculations and business forecast .so with this rise in profit margin,even if less, i can still pay off the loan and it interest on time.

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