Loan to hire a shop and purchase more machinery

Entrepreneur

About Me

I was born and raised in Kukuruzua-Zebilla of the Upper East Region. I attended Kukuruzua Primary school.
In my days of education, i made a lot friends and became group leader due to my influence among friends.
Life was an unbearable task after education. I never give up and worked more to make sure i over come hardship. My only source of sponsorship was through an uncle who was not able to cater for me anymore as his income level swindled due low patronage on his business.
I studied my environment and find out that the people my community lack designer wears which is in high demand. I lend some cash from a friend to start by buying 3 in two weeks, sell, re-oder. That was how i got to start my own business.
My community is located along the main road to Burkina Faso which makes it one of the busiest area in my Region. We have a unique culture which attracts many people from different walks of life to my community to observe.
My child is a male who interest in electronics and aspire to be an engineer when he grows up.
My hobby is reading entrepreneur books and movies that makes me to take part in a lot of business seminars in the past.

My Business

I sell designer goods.
My community is demand of this kind of goods due to lack of local producers around the community and the high cost price they charge.
I choose this kind of service because of it's demand and high profit in it.
My typical cost is GHC 1000 and my revenue is around GHC 1800 .
I reinvest the profits back into the business.
I have also set aside %20 of the profit for my children education.

Loan Proposal

Please my main purpose of raising this loan is to acquire a shop costing 111.8dollars and also to purchase more machinery each costing 78.30dollars for the production of more clothing (smocks) and also, I will be able to admit more apprentices to also train them to start their own business and earn a living. Thank you. the benefit I will get from this loan is that, my business will expand and earn me profit amounting to about 80% of the loan, all things being equal.

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Loan Info