Loan to expand my stock by buy more sandals to sell

Entrepreneur

About Me

Am Patricia Dankwa, 25 years of age a good entrepreneur and a strong business advocate. I am the only child of my mother who from the very moment she gave birth to me has been a single parent. My father on the other hand got married to another woman and they have been living together ever since. They have given birth to 7 children. Since my mother and father were not able to stay together, my mother has been the only one who has been taking care of me. My early days at school was not all that difficult and my mother was able to take care of me. I entered into senior high school in 2009 and life was not easy since. Paying for my school fees was not an easy task and I usually had to go seeking help from family and friends before I was able to settle my debt. I had great favor in that, I received a scholarship which eased me of the burden of paying any school fees. I completed senior high school in 2012. I took up the mantle of not wanting to go round begging for help again. I was employed into a business where we sold computers and accessories.It is here that I move into entrepreneurship. With the little salary that I was receiving, I bought clothes and shoes and sold them around. With this, I was able to raise some money with which I used to pay my admission fees in the nurses training college. I expect to complete nurses training this year.

My Business

I do buying and selling of ladies and gents wear such as shoes and sandals. I started doing this business back after completion of senior high school. With this, the target group was my co workers, people and customers around my job site and people around where I stayed. Currently, I sell to my colleagues back in school. I school at Ankaful nurses training school in cape coast which is a psychiatric training institution. I go to pick up the goods from Kumasi and sell at school. I usually buy the sandals at 15GHC and sell around 35GHC . This means that I earn a profit of about 20GHC. I also usually pick the shoes around 25GHC and sell around 40GHC. Although currently I do not have a shop to display some of the items I sell, I hope in future I will do well to get one. I have this long term dream of seeing my business grow. With this I will able to employ more hands and contribute my quota of reducing the rate of unemployment in my country. With this, I will also be able to meet up all the needs of my mother and I since I am the only child.

Loan Proposal

I wish to apply for this loan to buy more sandals to expand my sales. During the previous loan, I was able to buy some few sandals that I sold out to customers. Through the income from this sale I was able to erect a temporal wooden structure that I could display my items. Currently there are only a few sandals to display. This loan will therefore help me to stock my shop and therefore grant the opportunity of attracting more customers. As from my previous track record, I will always abide by the rules and regulations governing this institution. Thank you.

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