Loan to rent store for my boutique business

Entrepreneur

About Me

Am called Yeboah Monica. I am 32 years of age, fair in complexion and moderately built. I come from Atebubu in the Brong Ahafo Region of Ghana. I am in a family of seven and the second daughter of my parents. I had my primary and Basic Education at the Ateco Demonstration Primary and J.H.S and furthered at Atebubu Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mr. Osei Micheal Junior with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.

My Business

I started my mini boutique with the name"THE EYE OF GOD SPECIAL BOUTIQUE" in the year 2011 with the capital of $300. I sell all kinds of cloths such as men's wear, women's wear, children's wear etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months.

Loan Proposal

Thank you dear lenders for the first loan. I used the first loan to purchase cloths into my mini boutique. The cloths has helped me serve more customers and it has a long way to increase my profit. It has also increased my start-up capital. I have also added the sale of bags to the business. Once again I am very grateful.
I would be very grateful if you could offer me the second loan of $301.00. When granted this loan, I will use it rent a bigger store room for my boutique business. The store room I was using to transact my boutique business is too small and cannot contain the goods. This will help me buy and sell more cloths. It will also help serve more more customers, help increase my profit and increase of my start-up capital. When this loan of $301 is grated me, it will help increase my profit to about 75%.
Dear lenders, when this second is given to me, I will manage it well so that I can employ two more apprentices. I promise to repay the full amount with its service charges. Thank you.

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