Loan to buy items for my cosmetic shop

Ofaa

Koraso, Ghana

100% repaid

Entrepreneur

Name

Ofaa

Member since

October 2016

On-time repayments

156 installments  •  32%

About Me

i Was born and raised in Dormaa-koraso town started my education in Dormaa presby primary School later went to Berekum senior high School .i'm self motivated and focused person regardless of any challenge i might be going through. My name is Ofaa Angelina.I am 26 years of age.I want my children to be educated in future.I like watching movies and reading magazines during my leisure times.

My Business

I specialized in beauty because its what i know best and again a few people practicing it and the competition is not stiff. Beauty products range from eight GHS to three GHS depending on where they originate.I sell beauty products;,seti lotion,shampoo,hair spray,body lotion,Gir,etc.I chose this business because it is hot cake in terms of market.The quantity of your products depend on how much capital you have.I use my profit to stock my shop and also pay my loans for the business.

Loan Proposal

I'm seeking for a loan from zidisha so that i May be able to purchase more variety of the products and some other materials for matching to be able to have a one stop shop in the future. I earn 20% increase on my sales with the current economy trend i'm expecting a rise of between thirty and fourty per cent increases in sales.on average I buy a products at five to six GHS and sell it at between ten to twelve GHS depending on the quality currently I buy my goods from our neighbouring country Togo where their taxes are lower than Ghana thus maximising my profits.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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