Investing capital into cosmetics
Sylvester
Madina Accra, Ghana
100% repaid
Entrepreneur
Name
Sylvester
Member since
February 2015
On-time repayments
102 installments • 44%
About Me
My name is Sylvester Amoah. I come from Santasi near kumasi in the Ashanti
Region. I stay at Madina near the La-Nkwantanang school in Accra. I am married to
Sarah Amoah with three lovely daughters.
I was a teacher for over ten years. I taught in Elim Basic school in Madina and Nadat memorial wschool in Adenta. Presently i am working as a pastor (Associate pastor) with God's Tabernacle of Praise, a church in Madina, Accra. I am the missions director.
My Business
To support the ministerial (pastoral) work and be able to cater well for my family, i am engaged in business. I have a shop or small container in the madina market where i sell cosmetics, various types of creams and perfumes.
I have employed someone to manage the shop for me but i constantly and strictly monitor and oversee the financial progress of the shop. I will need $1,500 to 2,000 to invest into the business.
Loan Proposal
I need a loan to invest into my business which will enable me to purchase a quantity of the cosmetics products at wholesale price. This will assit me to expand my profit margin. Depending on the type of cosmetics, creams, can cost between $10.00 and $30.00 each at wholesale price, perfumes can also cost between $20.00 and $60.00 when granted loan of $1,500 to $2,000, i will use this loan to stock or refurnish the cosmetic shop.
This will go to a long way to improve my financial status and that of my family
thanks.
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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
Other loans
Lenders
Luxembourg, Luxembourg
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