Loan to fund my website hosting

Entrepreneur

About Me

My name is Frederick Da-silveira. I'm 23 years old and a recent graduate of the University of Ghana. I live at Abokobi but come from Akropong in the Akuapim North District of Ghana.

My Business

The name of my company is, Powered By FAD. It is a sole proprietorship business which deals in providing web ad mobile applications development services to people and companies . I currently work from home through an online store(@poweredbyfad on Instagram) and fund my business with the little I get from family tips and I'm in dire need of capital to boost my business.

Loan Proposal

Due to the current covid-19 pandemic, i have thought it wise to move my business from direct contact to online sales. I therefore plan to use this loan to acquire and host a domain for my website, in order to promote the clothes and fashion accessories i sell. I will integrate online payment methods in order to help alleviate the spread of corona virus. I strongly believe that with an e-commerce website, i can reach a lot of people in Ghana and the world at large and tell them about my business. With the integration of the online payment portal, all my customers can easily make a purchase in a matter of seconds without any physical contact.

Income Source

Despite the current economic climate due to covid-19, i strongly believe that moving my business online and creating an e-commerce website will put me in a good position to increase my sales and gain a lot of profit. The internet will help market my business not only in my home country, Ghana, but across borders as well and the result of that will be more customers trooping in to make purchases. I therefore believe that i have taken the right turn and i will be able to yield good profit i order to repay my loan on time.

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