Loan to buy used clothes for sale

Entrepreneur

About Me

I am Dorfenyo Doris from Keta in Volta region of Ghana and live in Accra. I have two children with a helping husband but from a poor home. Life in the village was not easy so I decided to move to Accra. Coming down to Accra has help me find a job to support my husband, and we are able to build a two bed room for ourselves in the village from the profit we make from our business. My husband is a farmer and I am a trader who sells used clothes. What motivate me to work hard is that, my elder son said he want to be a doctor and his younger sister also want to be a police officer. I am working hard to support my children achieve their set target.

My Business

I sell used clothes as my business and help my husband in the farm. I have do this business for sometime now, since a lot of people like home used clothes because the price of home used clothes are cheap and they can afford. I started this business with 700 Ghana cedis and I am able to make a total sales of 1,250Ghs every week. I use some of my profit to support my children education and part of my profit is used to support my family member in case they need my help. I also save part of my profit towards my new shop I want to open to extend my business.

Loan Proposal

I will buy used clothes with the loan for sale which will help me increase my stock and profit and also help provide clothing for my customers. I expect my profit to increase to GHS 1000.

Income Source

I sell my commodities at a big market where many people use to pass by everyday so it will be very difficult for me to run at a lost but incase of any risk I will repay the loan with my profit from my mobile money business.

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