Loan to buy more inventories to fill my new store
Mary
Kwadaso, Ghana
55% repaid
Entrepreneur
Name
Mary
Member since
August 2016
On-time repayments
185 installments • 43%
About Me
my name is Boakyewaa Mary growing up i saw teaching is a very noble profession and a profession that brings you closer to the future leaders. This motivational factor motivated me to take my education serious despite the neglect from parents to take me to high school and the training college, i didn't give up i therefore started as a pupil teacher( unprofessional teacher) whiles teaching i was schooling as well and by the grace of almighty i hold degree in education now a professional teacher. having taught for over thirty years i have no option but to retire from active teaching , still not wanting to loose the touch of meeting people everyday i decided to enter into a petty trade carrying my merchandise to my customers. most people within my community finds it difficult going to town to buy stuffs they need this is all because of their time schedule so i decided to bridge that gap by bringing it to their door step.
My Business
i trade in shoes, sandals, soaps and other things needed by my customers but don't get the time to go get them in town. my type of service is of a lot of importance to my community since the distance between the community and where they can get this goods is very far, and time is even preventing them to go get them even if they wish to they therefore prefer getting them from me hence making my business very important to the community. i choose this type of business because it gives me the opportunity to meet with people which is something i love to do, again it is a very lucrative business because i have less or no competitors , which means am always in business, and most importantly helping people makes me happy the main cost of my business now is getting the merchandise revenue too is from sales , but in the near future i will like to get a car or truck which i will use to distribute the goods and also a warehouse to keep my stock, because i dont have these facilities am unable to purchase more goods and again the smallness of my capital too is a constrain so most of the times i find it difficult meeting the demand of my market. any profit i get from my trade goes into my last son's education and my pension house thanks
Loan Proposal
Please i need $333.00 to help me increase my stock by 18 more cartons of soaps at $ 18 per carton by so doing it will mean an increase in profit which means i will be able to grow my business get more profit to pay for my sons school fees
thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$552.00
Date disbursed
Dec 19, 2017
Repayment status
Late
Projected term
30 months
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