Loan to add more stock into my food retail shop

Entrepreneur

About Me

My name is Asamoah Rosemond. I am 26 years of age. I am from the kumasi Ashanti region of Ghana. I am the youngest among three children of my parents. My mother is a single mother who has for sometime now engaged herself in petty trading. Through the little efforts of my mother, she has been able to give my siblings and I the best of education that she could afford. My elder siblings due to some reasons are not staying with us and therefore taking care of my mother largely depends on me. I completed senior high school in the year 2013 and later furthered my education to offer psychiatric nursing. Before gaining admission into the tertiary institution, I had to involve myself in various types of businesses which helped me raise some amount of money for school. Back in the senior high school, things were not that easy as sometimes I had to quit classes hours just to make some amount of money to help in my education. This with the support of my mother helped me to buy some books and other education materials. After school, I engaged myself in the business of selling popcorn. A friend of mine bought the popcorn machine which employed me to look after. During my time in tertiary education, I was able to set up a small provisions store with my allowance for my mum that will help her keep up the home. Because I have not gained employment yet due to the economic hardships in the country, I have not been able to expand the shop yet. I strongly believe Zidisha is the platform that will raise me up to that height.

My Business

I business that I involve myself in is the provisions store that I established for my mother. Currently because I have not gained employment yet I normally help my mother at the shop. Because it is a provisions store, some of the items we trade in are drinks, milk, milo etc. Most of the items we collect on credit bases and sell. We the refund the money when it is sold. Because the items are picked up on credit bases, it is difficult to make maximum profit out of it. Through the little money that we obtain from this shop, we are able to cater for myself, my mum and one little girl that we are staying with. I hope to fully expand and stock my shop in or order to get the maximum out of it. Thank you.

Loan Proposal

I wish to apply for this loan in order to get money to buy items to stock my shop. The main items I trade in at my shop is provision shop is minerals. This loan will therefore help me to add other items such as milk, blade toilet roll etc. This will increase my customer base and profit. I promise to abide by all the rules and regulations governing the institution. Thank you

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