Loan to stock and expand my cosmetic business
Frimpomaa
Accra, Ghana
10% repaid
Entrepreneur
Name
Frimpomaa
Member since
June 2016
On-time repayments
62 installments • 40%
About Me
My name is Frimpomaa Jaent .I was born in Accra thr Greater accra region .My parents practiced small scale farming and also business.They owned a dairy shop.Most of my childhood involved going to a local school and also assist my parents in household chores during the weekends.
After my high school education i attended National youth services since i wanted to join the army of ghana .After completing the National youth services,Unfortunately i wasn't not selected to join the army due to my some factors .I was frustrated and disappointed since i had spent most of the time working hard to join the Army.
My parents told me that now am an adult and i should cater for myself i had to travel to kumasi to look for a job which wasn't available.Luckily i was able to convince some beauty shops that i would hawk their products and we agreed on a commission.I worked really hard and within two years i was able to save some money and start my own shop which i have up to now.
My Business
My business deals with sale of beauty products from hair lotion,body lotion,hair extensions,handbags to earrings. The goods i sell are on demand since every woman would want to look beautiful and stand out from the crowd.
I chose this kind of business because its fast growing and with the right source it can be profitable.I normally source from wholesalers who have imported from different nation such as china,Dubai,London but i want to reverse and become the one sourcing directly.This way i will be able to make huge profit.
My typical costs in the shop include paying rent,electricity bills.I make a profit of $400 monthly which i use for my daily use and support my family.
Loan Proposal
Hello first of all I would like to take this opportunity to thank Zidisha and its lenders for the first you already gave to me and may the the almighty lord bless you abundantly and now I am appealing to for another loan to expand my cosmetic business to buy more of hair lotion 15$,body lotion 10$,U B10$ autima 5$ shea butter 15$ cocoa butter10$ dark and lovely body lotion 5$ felce Azura perfumed spray starch etc since the demand of these commodities are high by the people in my community and this would increase my revenue and it will help me to cater for my family thank you for reading and all your contributions are welcome
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Loan Info
Project Type
Classic Loan
Disbursed amount
$577.00
Date disbursed
Oct 11, 2016
Repayment status
Late
Projected term
64 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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