Loan forsandals business

Entrepreneur

About Me

I am Isaac Amekeh , the 10th child in a family of 11
My old father and mother understood the importance of formal education but could not raise enough funds to look after my brothers and me. As result I work hard on the farm to raise enough money to finance my education up to Secondary school. I later trained as a mason and have worked for these 7 years.
The need to create a secondary source of income to fend for my nephews and nieces has compelled me to take to dealing in sandals when I have no new site to work on.

My Business

I deal in brand news sandals.
People need these sandals to look presentable when they attend ocasions
The demand is high seeing no one would do away with footwear.
I buy them from a local manufacturer anmd have to pay transportation to convey them to the stall where I display it.
The proceeds are used to pay school fees and to feed my children and nephews.
Part of the profit goes into growing the same business.

Loan Proposal

Term: One week
Sandals
Purchases : sales
Stock Sandal Quantity: 10 pairs
Quantity 10.00 Selling price / pair $16.50
Unit price $12,50
Total $125.00 Total Sales 165.00
Transport $5.00
Total $ 130 Profit : $ 35.00

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Loan Info

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