Loan for sales of foodstuffs

Stella

Accra, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Stella

Member since

March 2021

On-time repayments

7 installments • 43%

About Me

I am stella kudze from the volta region of Ghana. I was able to complete JHS in the year 2008 but due to poverty I couldn't further my education which made my goal of becoming a lawyer proved futile. Due to that i decided to start my own business by selling food stuffs.

My Business

I am a retailer who sells plaintain, cassava, cocoyam, yam and other food stuffs to final consumers. Since it is a necessary commodity it has a ready market. I chose this business because it is not likely to run at a lost. My cost of acquiring the stock and transportation is around GHS 1000 and later get a revenue around GHS 1450. i ue the my profit for home improvement and reinvestment.

Loan Proposal

I will buy foodstuffs with the loan and it will help me increase my stock and also reduce shortage to enable my customers get enough foodstuffs. This will help increase my profit to around GHS 800.

Income Source

Since it is a necessary product it is always needed at the market by the customers and even if there is risk I will repay with profit from my other business.