Entrepreneur
Name
Opare
Member since
June 2016
On-time repayments
34 installments • 100%
About Me
My name is opare philip. I had my elementary and juniorhigh school at Takoradi. I continued my Senior Secondary School at Seikwa. I furthered my education at Berekum Teacher Training institute.Obtained my Certificate 'A'. I have been a Teacher till now. I decided to open a provision store to support home since my salary was not enough. This decision i took concerning shop open has been given me additional income and have plan to expand it.One unique feature about my culture is the unity amongs the folks in our society. There is a very good inter personal relationship among my people.One of my children told me he want to become a medical doctor in future.The other one said he want to be a Pastor and the last one told me she want to be a banker.I always like reading story books and news papers as my hobby.
My Business
I have been selling products from many companies and one of these companies is Unilever Ghana Limited. Some of these products are, milo, cerelac, Nido etc. I also have in stock powdered and liquid soaps of all kinds examples are Omo, Yazz. Other products that i sell are sugar, different types of rice, bread, tin tomatoes and soft drinks. People around that area buy from afar.Hence they purchase my goods. I planned to engage in this job once requested. The yield is use for growing the business and also supporting the home and my children's school.
Loan Proposal
This is how am going to invest the loan when given.I am going to buy 26 tins of milo costing 65 dollars, 4 packs of ideal milk costing 47 dollars,40 loaves of bread costing 30 dollars. I will also be purchasing 20 tins of nido milk costing 60 dollars, 10 k/g of Rice costing 70 dollars,2 packs of Yazz powdered soap which will cost 40 dollars,3 packs of Guinness (Can)malt costing 85 dollars. I will be buying 4 packs of tin tomatoes of 45 dollars, 3 boxes of geisha soap costing 85 dollars and 60 dollars of Satchet of powdered Nido,ideal milk and Milo.
People around my area will continue to buy from my shop without moving far to get such items for themselves.This will also increase my profit which will enables me pay my children's school fees and also feed my family.I expect my profit margin in this business to increase from 60 dollars to 75 Dollars within a week.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Jul 16, 2016
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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