Loan to expand my provisions shop

Francis

Bechem, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Francis

Member since

November 2016

On-time repayments

128 installments • 65%

About Me

I am a self independent young energetic man who believes in continuous work to earn a living. I come from the southern Part of the country where farming is the major source of occupation. i come from a family of eight.At my early stages , i stayed with a family member for some couple of years which i obliged. A practice ,which is common in Ghana.This was mainly due to the fact that my parents had to struggle before they could make ends meet. This unfortunate experience negatively affected my education which consequently lead to my withdrawal from school.In spite of all these unfortunate incidence, i survived until i attain a certain age that allowed me to take decisions for myself. It is my intention to take proper care of my kids looking at what i have gone through. I am still unmarried.

My Business

The commencement of this endeavor beets my imaginations. But my effort of hard work couple with Gods blessing brought me this far. As it had been said in scriptures, hard work always pays. This establishment had been in an existence for few year now and the outcome has been fascinating.. I initially walked house to house in selling my provisions. This traveled for some months before i could secure enough capital to move to my permanent place.During the just ended christmas, i was able to make some headway and gains because the celebrants actually patronized the goods. The secrete for the good market was that, as a beginner i made the prices of my items very moderate so all manner of people got lured to the store and this has made me feel elated because this is a gesture of being on the right track.

Loan Proposal

I am grateful my lenders for your persistent help you have been giving to since I joined this great family. Zidisha , is really, a life changing family. My dear lenders, I am at your door step, soliciting for your help again. My provision store has grown from strength to strength. Market is good. At least per my calculation, the loan has led to an increase of about 11% of my existing capital. My great lenders , I will use this loan to buy more items to add to the old stock. Detailed cost are
10 bags of perfume rice=$60
3 bag of sugar=$20
Milo, sardines, milk and soft drinks=$100
Transportation=$15
With this, I am anticipating my profit to increase to about 15% of my existing capital. Thank you once again.