Loan to buy new beauty products

Deborah

Atonso Kumasi, Ghana

4% repaid

Follow Deborah

How it Works

Entrepreneur

Name

Deborah

Member since

June 2016

On-time repayments

27 installments • 63%

About Me

About Me
My name is Deborah. I am 31 years of age. I live in Atonsu, Kumasi. I attanded Atonsu Basic School and proceeded to have my secondary school education.
I see moving to a new surrounding as a blessing because when i got here i knew nothing about my surroundings. I quickly familiarized myself with the environment and made friends with people.Then I looked for the business i could venture into which could both be lucrative and less tiring.That's when i started buying goods to resell.
I have 2 children; My first daughter wants to be a computer scientist, wants to be doctors and my sons want to be lawyer.
When i have nothing doing i enjoy braiding my daughters' hair,and baking pastries for my family.

My Business

I buy and resell kitchen appliances and utensils.These goods are high in demand because they are mostly bought by women and students in the hostel.I chose this business because if the right capital is invested in it it could be very lucrative.
I normally use $500 to buy and when i resell i get a profit between $150 and $200 I use my revenue to help my husband in taking care of the children,and providing certain household needs.I then use the rest to repurchase my goods to resell.

Loan Proposal

I will use the loan to buy different hair styles and also buy new hair drier and other things such as the large mirror. Hairs are normally synthetic fiber and some are natural such as the Brazilian hairs are all sold in done in different hair styles in my salon. The hairs are in different prices such as $7, $10, $15..................$250 etc and can be sold at $9, $12, $20.................$300 etc. The cost of the hair drier is $85. I will use the loan to look after my family and also reinvest to get more profit.