Loan to grow my provision shop
Josephine
Abura Dunkwa, Ghana
100% repaid
Entrepreneur
Name
Josephine
Member since
February 2015
On-time repayments
93 installments • 82%
About Me
My name is Josephine Arthur and a young Ghanaian lady. i am a senior High school graduate who graduated just some three years ago. i the fourth of six children born to my parents . my three senior siblings are all High school graduates too. i actually decided to go into small super market business right after school when i realized that there was no prospect for me to further my education. having to grow up in a poor family of eight and been a woman i had to choose the life i want to live at an early stage. i never had most of the things i needed to help me grow up as others have and had as young girls but i chose my standards and learn very well in school but despite good results i was going to stay at home anyway.
so when i completed i went to stay with an auntie and worked as a restaurant attendant for a year where i gathered little money to come and start this my business of selling spices and provisions in my community. initially i used to carry it from house to house. that was not easy at all. people and my mates back in school said all they wanted to say but knowing what i want in life i did not give in or became shy so as to stop what i set out to do.
Today i have a small shop and business for my standard is not bad since sales per day is not bad. i have always have the dream to grow my business and expand it and i also have a dream to grow the business to a point where it will be my back bone while i enroll in a weekend program for my tertiary education. i have learn over the years to stick to my own standards and work hard as a woman for i will surely find the way and walk out of the poverty i was born into. so i am working very hard. i love integrity actually and i really want to achieve great things as a woman. i am young and full of dreams and looking for help the right way to expand my business.
My Business
I operate a mini super market in which anything for cooking our local delicacies are readily available at my shop. i sell spices, pepper, onions, and then also i sell provisions like Milo , biscuits and Candis with some soft drinks but not really on large scale due to inadequate capital on my part
then also these goods are really useful since people need to eat delicacies rich in food nutrients so as to stay healthy. i choose this kind of business because the capital to start is not all that huge though it gets to be huge as time goes on. and then also i chose it because i trade very well even from my childhood days.
the nature of my business is such that profit is around 50% of the investment you will make into the business especially if your customers can have all they want from your shop.
i save a little of the profits and then i reinvest the rest into stock purchase and the up keep of my parents who are very old now and my two younger siblings. for now all the savings i am doing is geared towards my higher education so i am actually working very hard to make that dream a true reality.....
Loan Proposal
i operate a mini super market on a small scale, therefore, if my loan project is fully funded, i will be buying the following goods to stock my shop..
5 Boxes of tin tomatoes.............................$30
4 bags of uncle sam rice...............................$ 100
cooking spice......................................................... $20
2 small boxes of cooking oil............................10
3 boxes of iodated salt.........................................10
so all put together will make some $170 and possibly will have to buy some other thing upon going to thr retail shop.
when i am able to stock my shop with these stock, my customers will not have to walk the long distance to go and buy these things anymore since i have some at my shop. so it will spare them the transport cost whiles i will be making a lot of profit and customer confidence will increase in my business and i am expecting a rise in profit to about half of the $179 profit that i will invest as in the form of inventory. with this level of profit margin, i can repay my loan on time so that lenders can lend to others that need help too.....
thank you...
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Loan Info
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Apr 22, 2015
Repayment status
On Time
Projected term
15 months
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