Loan to purchase rice and extension of my business
Owusuaa
Techiman, Ghana
$0 to go
100% funded of $136 goal
0
days left
Entrepreneur
Name
Owusuaa
Member since
September 2016
On-time repayments
12 installments • 50%
About Me
I am owusuaa Esther.I lived with my parents in techman.i during my childhood, I was fortunate that upon all the hardships, i got responsible parents to take me to school. I attended holy spirit primary and junior high after completing junior high 2010,I got admission at Yaa Asantewaa senior high in Kumasi..I lost my father on 12th August 2010..Since he was the bread winner for the family .my mother got admission for me at Techiman Senior high which was purposely to save transportation. I got an opportunity to enter into my own business with the supported by Mother's brother who was in Libya..I established my own business of which I sell items like biscuits, toffees, polythene bags,just to mention a few.my mothers brother lost his life within 2015.I like my children to enjoy life and never to face the same situation so I want help to be able to plan well upraise my business..i use to play volleyball in school so it has develop to be my hobby
My Business
I provide Biscuits, Toothpastes and toothbrushes, soaps, milo,milk,toffees, polythene bags,spices.I sell these items either bulk purchase or less demand from customers.I chose selling those items because within my vicinity, there is much demand on those products. I make orders of those products from uniliver Ghana limited so I incurred less cost on them and my revenue from this business exceeds my cost so I get a little profit on them.the only cost i incured which reduce my profit sometimes was money to pay the loading boys to send those items to the warehouse as well as their feeding too.the profit gain from the shop are used to cater for school of my three brothers as well as my old mom who is aged and cannot work..water bills are been taken care from the same proceeds from the business
Loan Proposal
This loan yet to be funded will be use to extend my shop and also top up more rice bags to the shop.$58 will be to fill the shop with rice bags of different type and $78 remaining will be use to embark on the shop extension to keep the stock... I will double my profit percentage when I embark on this task.Also since is almost Christmas, the demand of rice will be more of which I will obtain much profit from it.
With the hope I have develop in zidisha, I am hopeful that as I secured my first loan,I will get my second loan as well
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Loan Info
Project Type
Classic Loan
Disbursed amount
$136.00
Date disbursed
Dec 21, 2016
Repayment status
Late
Projected term
6 weeks
Other loans
Lenders
United States
United States
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