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
If i get funded $200 i will use to increase stock of hair lotion and hair spray in my cosmetic.This will be beneficial since they are moving very fast and also where the business is situated most ladies are middle class working women.It will help them ensure when going to work their hair is glamorous since our African hair requires a lot of maintenance to look great.
The profit will double since i normally buy at half price and i sell double the selling price.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Jun 22, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
United States
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