Loan to buy fresh vegetables for my business

Gyinae

Berekum, Ghana

7% repaid

Entrepreneur

Name

Gyinae

Member since

May 2016

On-time repayments

30 installments  •  50%

About Me

My Story
My name is Gyinae Sarah, a young lady of 26 years who was born out of wedlock.I hail from Jinijini, a suburb of Berekum in the Brong Ahafo Region of Ghana.
I began my elementary school at Berekum Akab Complex.Unfortunately for me, I had to stop that school and attend a pulic school since I lost both parents.My siblings and I were separeted consequently so I had to stay with a family member.
After my Junior High School,I furthered to Berekum Presby Senior High School.After my secondary education in 2012, I got married the following year since there was nobody to bear the cost of my tertiary education. I currently have two kids.
After our marriage,my husband established a small firm for me where I deal in the selling of vegetables and spices.
I am interested in reading and chatting.

My Business

My Business
I am a dealer in the selling of vegetables and spices in the maize market at kutre number 2.I established this business in August 2013 which is barely three years now.
I sell all kinds of vegetables both fresh and canned such as tomatoes,pepper,onion,ginger,lettuce,cabbage,garden eggs to mention a few.
The casualties I have in this business is that most of the items are perishable and do not last longer.In addition the climatic influence doesnt guarantee fresh items to be available always.Sometimes, we have to fight over items in people's farms.Again, most customers buy the products on credit and pay later.
In fact my profit margin is as low as 8 percent.To this effect, I cannot make much profit in the business.It is my vision to expand the business in order to employ someone who can take charge when I go to purchase fresh items from the farms.When that happens my worker can take some to sell from house to house so that I can make more profit.
As we all know food is life and therefore we need good food to live longer that is why I took this job to serve my inhabitants with quality food.

Loan Proposal

Inventory For My Vegetable Business
As we already know, my business came into the limelight in August 2013 which deals in the selling of fresh and canned vegetables.
In fact the amount of capital I invested in the business was very peasant which could not afford me much stock for my business.Due to this, I cannot make much profit since the customers prefer the fresh vegetables more to the canned ones.My percentage profit is as low as 8 percent.
With regard to the above stated casualty, I am pleading with the generous lenders of the Zidisha team to grant me a loan of about $350 to buy more stock of fresh vegetables to expand my business.
This amount is really going to help me access fresh vegetables on the market always since most customers buy our products on credit and pay later.I will always get some money to buy the fresh vegetables before customers come to make payments.
I count on your usual cooperation....Thanks

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$300.00

Date disbursed

May 14, 2016

Repayment status

Late

Projected term

61 months

Lenders

The Zinc Team

San Francisco, United States

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