Perfume rice, milk, soap and diapers to increase my general goods store stock
Asare
Dormaa Ahenkro_ghana, Ghana
100% repaid
Entrepreneur
Name
Asare
Member since
July 2016
On-time repayments
164 installments • 51%
About Me
I hailed from a small village called Nsu-Nia. Even though my parents were peasants, they managed to raise a loan for me and I built a container store. Once I had junior brothers and sisters, there was the need for me to work hard to fend for them and their education as well. My mates who had their parents doing well in their businesses went to the University. With the container store I built, I began selling tin tomatoes, milk, pure water, polythene bags, sugar and some toffees.
Nsu-Hia is a village which is near the virgin forest so most of the men are hunters. Bush meat is common in this community. Most of the natives are peasants. Others grow cash crops, for example cashew nuts, coffee and cocoa. Most of the food crops that they produce are transported to the Dormaa municipality for sale during the general market on Tuesdays. My children have proposed that they want to go to University and, after that, they will be lawyers.
My Business
I sell general goods like tin tomatoes, sugar, soaps - in fact, any item that my customers would request. I make a minimum sales of GHC 300 a day. In some other days, especially market days, my sales are doubled. It is my plan to obtain a new shop so that I can put part of my goods there and employ someone else.
Loan Proposal
I will buy five bags of perfume rice. Each bag is $15; the five will cost $75. With these five bags of rice, I could make a profit of $5 each, making a total profit of $25. I will also buy six boxes of Ideal milk. Each box costs $20, so six will amount to $120. For each milk box, I will make a profit of $5. I will also need seven packets of baby diapers, each pack costing $7. Seven will amount to $49. I will make a profit of $2 on each pack, making a total profit of $14 on diapers. I want to also buy five boxes of bathing soap. One box will be $25, therefore five will amount to $125. Each box of the soap will get me profit of $6, so I will make a profit of $30 on the soap.
About Me
I hailed from a small village called Nsu-Nia. Even though my mum was a peasant farmer and my dad was a teacher and still teaches, managed to raise a loan for me and I built a container store. Since I have junior brothers and sisters, there is the need for me to work hard to fend for them and their education as well. My mates whose parents are rich went to the University. With the container store I built, I began selling tin tomatoes, milk,pure water, polythene bags,sugar and some toffees. Nsu-Hia is a village which is near the virgin forest so most of the men are hunters Bush meat is common in this community. Most of natives are peasant farmers. Others grow cash crops, example cashew nuts, coffee and cocoa..Most of the food crops that they produce are transported to the Dormaa municipality for sale during the general market on Tuesday's. My children have proposed that they want to go to University and after that they will be lawyers.
My Business
I sell general goods like Tin Tomatoes, sugar, soaps. In fact, I have so many different items in stock for sale in my shop. I make a minimum sales of ghc300 a day. In some other days especially market days, My sale is doubled. It is my plan to obtain a new shop so that I can put part of my goods there and employ someone else to assist me in the business. The most fortunate aspect of my business that make it prosperous is that I'm close to the Senior High School in town so petty items they need are all bought from my shop. My dad who is a tutor at the school usually promote me on some few things that students would need and this has helped me a lot in my business.
Loan Proposal
I will buy five bags of perfume rice. Each bag is $15,the five will cost $75.with these five bags of rice,I could make a profit of$5 each making a total profit of $25. I will also buy six boxes of Ideal milk,each box cost $20 so six will amount to $120. For each box I will make a profit of $5. I will also need seven packets of baby diapers each pack costing $7 so seven will amount to $49. I will make a profit of $2 on each pack making a total profit of $14. I want to also buy five boxes of bathing soap. One box will be $25, therefore five will amount to $625. Each box of the soap will get me profit of $6 so I will make a profit of $30.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$334.00
Date disbursed
Mar 23, 2017
Repayment status
On Time
Projected term
52 months
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