Loan to expand my suits and kahki trousers business

Mary

Kintampo, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Mary

Member since

February 2015

On-time repayments

260 installments • 61%

About Me

I am Mary Opoku a 30 year old lady, and I live in Kintampo . Professionally , I am an Physician Assistant . After completing secondary school i taught a private school for two years to before proceeding to Kintampo college of health sciences where I read community medicine.
Because of my passion for business I now sell clothings alongside my profession. Even at my child I use to sell sachet water after school to help my mother.
Upon all the hardship I went through I was determine archive my gold in life.

My Business

l am into the sale of both ladies and gent suits and khaki trousers.
The goods are useful and of hire demand because they are goods of necessity which human cannot do without. I sometimes give it on credit to my co-workers and other office workers therefore the mode of payment is very flexible.
I chose this type of business because it is most flexible for the clients to afford in terms of payment since they are easily located and can be paid by installment .
The typical cost of the goods are the purchasing cost and transportation cost. The business is very lucrative I must admit but just that I have no enough funds to invest and so should i get any support I believe I can even go to the main suppliers myself instead of buying from the distributors this will even enable me get more profit .

Loan Proposal

Dear lenders, I would be very glad if I should be supported in my business. The business is very lucrative, there are no wastage nor perishable goods which can results in bad debt. The mode of sales too is very secured because I move from office to office.The rate of risk is just about 1% of goods not been bought on time. I do not sell them on credit though one can pay half of the price then i take the rest later per the convenient time to me. After the sales I re- invest the profit back into the business . I promise to use the funds for it intended purpose if my loan is funded and pay back with honesty .