Loan to purchase sachet (bagged) water for sale

Akosua Mansah

Banda Nkwanta, B/a, Ghana

100% repaid

Entrepreneur

Name

Akosua Mansah

Member since

January 2015

On-time repayments

187 installments  •  41%

About Me

My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. I at least had one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that I became a trader since I am naturally good at that. I started selling sachet water on the high streets of Bandah and later graduated to selling it on a retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.

My Business

I sell or deal in sachet water but on a large scale. I buy about a hundred bags of sachet water with a hundred dollars. After sales, I will make 50% to 70% percent profit on the amount of money invested. I invest back into my business and live also on a percentage of it. I challenge myself every day with my business bearing in mind that hard work is what will produce the needed profits and sales. So I work from dawn to dusk.

Loan Proposal

i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $4.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled.

Show original English  

About Me

My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. At least one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that i became a Trader since i am naturally good at that than intellectually. I started selling sachet water on the high streets of Bandah and later graduated to selling it on retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.

My Business

i sell or deal in sachet water but on a large scale.I buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i invest the rest back into my business and live also on a percentage of it. I challenge myself everyday on with my business bearing in mind that hardwork is what will produce the need profits and sales. So i work from dawn to dusk.

Loan Proposal

i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $4.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$345.67

Date disbursed

Mar 23, 2015

Repayment status

On Time

Projected term

13 months

Cost to entrepreneur

Service fee: $6.58

Lenders

sebastienrosa

Quebec, Canada

4

42Theo

London, United Kingdom

H

hilde

seattle, United States

joaoferraz

RINCHOA, Portugal

W

WinWinNL

The Hague, Netherlands

jan73

Eugene, United States

T

thebonseung

Republic of Korea

S

stryker75

United States

TheGoodData

London, United Kingdom

Kyle Hoback

Jersey City, NJ, United States

CC

Catherine CatDesignz

Halifax, United Kingdom

AD

Abena D Neddow

Edmonton, Alberta, Canada, Canada

V

Vanessa

Gold Coast, Australia

Kevin

San Francisco, United States

CK

Carole Kaucic

United States

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