Loan to buy more clothing to my shop

Entrepreneur

About Me

my name is janet Boahemaa ,26 years old, am single and I live in wineba . Professionally , I am a business woman . I finished high School With good grades but cold not go to the University direct because of finance. So I worked as a sales girls dealing in both charcoal and fish for four years till I was able to save some funds to pay my school fees. I then proceeded to the Polytechnic where I read HND procurement and logistics management as my programmed of study and finally ended up at Kwame Nkrumah University of Science and Technology where I obtained my first Degree.
My Passion is in entrepreneurship and because of that, I have started I hire Purchase business which I named GOD THE KING . I love doing business and feel so fulfilled when I am in business.
I love soccer and an ardent lover of business documentaries. I equally love reading business Inspirational books and listening to business tapes.In fact, I have come very far from being an employee, therefore I am not relenting to achieve my desired dream by owning a group of companies.
I believe in the possibility theory. But however one must always uphold the virtues of honesty, sincerity, Integrity and genuineness .

My Business

l am into Hire purchase business where I deal in cloths, ladies panties, ladies under wears, ladies slippers, braziers, men singlets , boxer wears, materials etc. The name of the business is GOD THE KING.
The goods are useful and of hire demand because they are goods of necessity which human cannot do without. This is because after eating, one must cloth him or herself without walking naked.
I chose this type of business because it is most flexible for the clients to afford in terms of payment since it does not involve "cash and carry" that is instant cash payment for the goods. I give the goods to my client on credit by taking an initial deposit and with the support of my wife she goes round everyday to the clients and take the money in bits for the one month period.
The typical cost of the goods are the purchasing cost , transportation cost and delivery cost to clients since that one involve boarding a taxi from area to another. With the current cost I incur for a consignment 470 US Dollars . 400 US Dollars is the cost of buying the goods from the distributors and then 70 US Dollars for transportation to my destination of business and delivery cost to client in their various areas .
The business is so lucrative with only 0.1% risk of default for the one month period of payment . Some of the goods are bought at a unit price of 20 US Dollars , 10 US Dollars, 10 US Dollars and others 5 US Dollars and 2 US Dollars.
Therefore the revenue stream is as follows; A profit of 5 US Dollars is added to each of the unit price of the goods with the fact that the goods are given out on credit without taking instant cash and also,by taking into consideration element of inflation and price changes in the market. However there must always be an initial deposit before the products are delivered to the clients. The profit gain is reinvested in growing the business.

Loan Proposal

Hello my precious and able lenders, I would like to request for additional funding of of USD 104 my previous loan has been very productive. My business is taking better shape now. I would want to increase my stock to 30 pieces of cloths and also increase the other wears by 3 dozens each. This will help me make more profit since there is not more than 1% default in my sales with strategy am using. I will sincerely appreciate it if I am am funded this loan and I will definitely pay it back on time I honestly promise as i paid the first loan . Thanks you so much for your support .
Loan Proposal

Thank you so much my able lenders for keeping faith with me. This is my First time of applying for a loan. There is so much competition now in my line of business which I need to inject more capital in order to still be in business. The profit rate in the business is still high but one needs a warehouse and more capital to be able to make more sale.
I therefore, write again seeking for your support to be able to hire a store and to purchase more goods in order to meet the demand of my clients. I shall repay back this loan without default as I did in the previous loans. I promise not to default but shall honestly pay back
Thank you so much

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