Loan to increase stock for my wines and spirits business

Entrepreneur

About Me

am a first born in a family of six, a graduate and an owner of a wines and spirits venture.
Being the firstborn meant that i learnt to be a responsible person at a tender age.
I started my business with my savings from doing manual job since being an enterprenuer has always been my dream.
my hobbies include watching movies, football, documentaries and reading novels.

My Business

my business entails selling wines, spirits and soft drinks.
i decided to venture into this business to fulfill what i perceived as a demand for such commodities.
my typical costs include:
Rent- $111
water and electricity bills- $55
The business raises an income of $350.
Most of the net profit are usually ploughed back into the business.

Loan Proposal

With this loan i will purchase:
wines $40
soft drinks $23

This will further boost the stock interms of volume and variety.
More volume and variety will enable customers to find more products thus boosting profit margin.

I project an increase in profit by atleast 6%.

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Loan Info

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