146 installments • 82%
It all started when I have to stop my university education due to money issue as the person who is paying for my school fees said he can't afford anymore so my parent have to continue from where he has left it. After this incident I went for loan and started this business on my own which I have paid it back without owning them. I want to put my business on the next level by creating a website for it so that I can reach millions of people, thus joining the online selling. I want a future where my kids will enjoy better education and to be best of what they believe in. Now I've been teaching myself how to develop Android app. So that I can develop one for my work soon.
Am into selling of executive shoes. It is mostly used by the working class and occasionally used by non working class. In my society it represent decency and gentleness. I earn profit from it as I buy it at wholesale price and sell it to my customers to earn a profit from it. I can buy a shoe of 150ghc and sold it at 250-300ghc to earn a living. I incur cost like electricity, transportation and rent. But my cashflow outweigh my cost
This loan will specifically used to purchase sandals at a low cost with I will resell them at a high purchase. As I added this business to my shoe business it has been helping thus the sandals are been bought everyday comparing it to the shoes which take longer period to sell them. I belive with this loan I will make profit increase by another GHC200.
Sep 28, 2018
Cost to entrepreneur
Service fee: $6.58
Credit risk payment: $23.17