Loan to purchase soft drinks for sale
Song Erah
Abakrampa , Abura Aseibu Kwamankesi District, Ghana
100% repaid
Entrepreneur
Name
Song Erah
Member since
January 2015
On-time repayments
105 installments • 68%
About Me
My name is Song Erah Hana and i am a Ghanaian. i have two brothers and a sister. i am a high school graduate. As a young child, i en-counted difficulties in my academics ,however, i managed to pull through high school. Due to that learning challenge , i decided that i will not further my education but peruse something else which i realised even at a young age that i was very good at and that was trading. so right after high school, i took to trading in soft drinks and beverages in my town. i did well from to onset but it was not on a large scale. i have been working so hard since then and things actually have not been easy but i know i will get there some day if only i dont loose faith . i believe in the virtue of faithfulness and that has been my friend all this while.
My Business
I sell bottled soft drinks and beverages in my community on small scale with the hope that someday i can raise the needed capital to trade on large scale. i choose this business because the demand is high in my community and also the profit margin is also very good and then also durring funeral and other social gatherings, they always make use of my services as in supply them with soft drinks in crates. for the cost and profit, i make around 40% to 60% profit of the sales i make in a day and since competition is also not that high. because i want to grow that business in to a big business, i mostly invest about 70% of my profit back into my business and i live on part of what is left and the rest goes to my aged parents for their up keep.
Loan Proposal
the previous loan was a timely intervention as it came at a time when i was almost loosing all the hope in the world. today, i am happy to announce that my business has taking shape and is up on its feet. For this and many other reasons have i decided to come back for further help to enable me hold on and grow my business.
When my loan is fully funded, I will use the entire amount to go for inventory.
i will purchase 20 crates of coca cola which cost some $70, i will also buy 15 crates of Fanta at $50 then 5 crates of Pepsi since is not much in demand and this will also cost $20 . Then i have also decided to add some sachet water to it due to popular request and this will take $ 40 and i will get some 50 bags of packed sachet water.
the availability of clean drinking water is a must for so it will help prevent some water borne diseases and the others will also help make beverages available to the people of my community since initially, they had to travel a long distance to get some of the beverages that i sell now.
in the case of profit expectations, i am expecting an increase of about 40% of profit based on the whole capital invested. that is to say that at the end of my trading activities and after working with the entire $200, i will make a total profit of 40% of the $200. prices keep going up and it never comes down so for sure i will even end up been more than the 40%
Since this is a daily business, i will be able to do my repayments as scheduled and on time too ........
thank you ...
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Loan Info
Project Type
Classic Loan
Disbursed amount
$183.00
Date disbursed
Mar 30, 2015
Repayment status
On Time
Projected term
11 months
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