Loan to increase inventory in my wholesale business

Comfort

Tema Community 22, Ghana

100% repaid

Entrepreneur

Name

Comfort

Member since

December 2015

On-time repayments

207 installments  •  56%

About Me

Am comfort tested who hail from odumasi krobo in the eastern region of Ghana. i attend Presbyterian junior high school in odumasi krobo and completed in the year 2002. Am a lady of thirty two years of age (32) who is married to Mr Michael tetteh with one child to our credit. After my basic education i joined my uncle in the city of tema who deals in electrical parts. After some few weeks staying with him i then started working as sales girl at the same time learning about the business as an apprentice. After 5years of my apprenticeship i was able to save money to start my own business.

My Business

I have started operating an electrical shop where i sell different types of Electrical parts and gargants like cables, switchs, extentions boards, lamp holders, screw driver's, TV antenna, bed lamps eat. My neighbor hood is a fast moving business center so I have been able to get steady number of customers that come to my shop to purchase electrical materials for their household projects. I look forward to be the biggest electrical selling shop in my neighborhood and it's environs by expanding my shop to the largest standard in tema community 22.

Loan Proposal

Currently i would like to move from one stage to another by going into whole sales where customers will come and purchase and sell to other customers. For my current loan i will use it to buy materials like cables, lump holder's, switch and bulbs. These are the fastest moving materials in the Ghanaian market and the cost of these materials is estimated to be 900dollars. Moreover iwill then use the profit from my business to assist children with less privilege in my extended family also assist my lovely husband to pay school fees for our children in other for them to get good education because I couldn't make to the greater hight like senior high school and the University. Hope and pray my proposal will be granted and accepted. Thank you

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Dec 29, 2015

Repayment status

On Time

Projected term

6 months

Lenders

Paul Buchheit

Mountain View, United States

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