Loan to purchase rice,milo,milk etc

Kyeremeh

Dormaa Ahenkro, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Kyeremeh

Member since

January 2017

On-time repayments

29 installments • 90%

About Me

At age twelve,my parents saw in me that the future could be bright. My parents were traders whose business was about general goods. What I mean by general goods is that,they bought and sold everything.Things that customers would need is what they survey and buy in large quantities to be sold to their customers,.Each time I close from school I will go to their shop and assist them in selling They owned a provision store where they sold so many things,amongst the things they sokd included,washing soap,perfume rice,milo,baby diapers,cooking oiI etc. I learnt to be a businessman through their activities and out if that I can confidently beat my chest to say that,indeed I have had an assets from my parents.

My Business

In my own case as a youngman live is a process and will require that I start from somewhere.With many struggling in all fields to make ends meat, I needed to arm nyself towards going into business and to that, I gathered some few Cedi to sell things like milk tomatoes, nestle coffee,sugar,most milk,rice in smaller and larger quantities for my customers to retail. My shop is among those located in the general market and so getting customers to buy my items is not a problem. Business has always not been consistent,sometimes sales are enormous and other time, sakes are on the decline but in all this,business has been good since.

Loan Proposal

Following are items I sell in my shop. Baby diapers, mosquito spray and coils,tin tomatoes cooking oil,pens and pencils,sugar,washing soap,bathing soap etc.. I will buy fifteen bags of perfume rice $19. Perfume rice is preferred by so many of my customers and after sales, I hope to make a profit of about $6. I will also buy six cartons of baby diapers $16, eight boxes of baby diapers at $19,bathing soap . I will also add to my stock five cartons of cooking oil $13. Frytol is a product that is most demanded and this will mean that I have to buy seven boxes and that should be around $16. With regard to the above items, if all things being equal I'm likely to get some interest to reinvest in my business.