Loan to buy provisions to sell
Ernestina Larbi
Zenu, Ghana
100% repaid
Entrepreneur
Name
Ernestina Larbi
Member since
July 2016
On-time repayments
166 installments • 53%
About Me
I am Ernestina larbi of Tema, a major city in Ghana. Tema city is located in Southeast Ghana, near Accra. Once a small fishing village, tema quickly developed to become Ghana's leading seaport and industrial center.
This is where I live with my family of 2 children. My children are schooling, aged 9 (girl) and 13(boy). The girl wants to become a nurse and the boy a professor. We are a gifted and passionate family, with great spirit.
My Business
I operate a convenience store at Community four. My product include washing soap, tissues, detergents, baby diapers,milk,,sugar, butter, bread, soft drinks, mineral water toffees buscuits, a whole lot.
This is fine business. You buy from the main distributors at wholesale prices and resell. Expenses includes transportation, salaries, taxes, and rent.
You keep an eye on the numbers and every thing goes fine.
Loan Proposal
If my loan is fully funded I will buy provision products to boost my inventory.
I expect profit to go up at least by 30% since the factory prices are lower than that of the retailers. The loan amount of GHS 2,960 ($739.704)will be used to purchase provisions like biscuits, Milo, sugar,powered milk,Lipton,soft drinks, soap and provision items if my loan is fully funded.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$796.12
Date disbursed
Nov 25, 2016
Repayment status
On Time
Projected term
8 months
Cost to entrepreneur
Service fee: $19.75
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