Loan to stock my shop

Sala

Kumasi, Ghana

3% repaid

Entrepreneur

Name

Sala

Member since

July 2015

On-time repayments

52 installments  •  27%

About Me

Selling is something that i really love to do, as a matter of fact since my childhood, I have engaged in selling on numerous occasions to support my family. When my mother opened her first commercial store in the heart of Kumasi central market, I was greatly pleased because it gave me the chance to do something significant during my leisure periods. My mother having noticed my profound interest in selling, began to teach me the best ways of maximizing profits from sales- such as beautiful presentation of items and good customers care. She also thought me moderate ways of pricing goods and dealing with suppliers. Within a space of less than two years, my mum's store has expanded in size and I have fully assume ownership of the store as my mum has retired from commercial trading. I hope to grow this business into a supermarket oneday and offer employment to other young people.

My Business

I would like to thank my lenders and zidisha as a whole for making my business a successful one. We began by selling items needed in daily household cooking such as oil, tomatoes, vegetables, cereals etc. These are items bought on daily basis for use in homes, and which means that there's always a ready market for such goods. When profits began to soar up, we introduced non-food items such as plates, bowls, cups etc. This business is good because apart from making daily sales, I am also able to contribute to the cooking in homes through these items I sell. My plan is to increase my stock of items and gradually turn my store into a supermarket where fashion items would be sold too. So when i was introduced to zidisha. org by a friend, i knew i could make my dream a reality with the help of zidisha. When I got my first loan from zidisha, I purchased the above mentioned item's more than I used to buy. I plough back the profit into the the business and business is booming for me. Second loan would be used in expanding my stall and state with whole sale as well.

Loan Proposal

I would like to apply for this loan to stock my shop. As christmas approaches, demand for various items by customers has increased. I would therefore want to buy provisions such as egg, milo, sugar, biscuits etc. This is just to mention a very few. I will also buy other items that would be demanded during the festive season. I promise to abide by all rules and regulations governing this noble firm. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.00

Date disbursed

Dec 18, 2015

Repayment status

Late

Projected term

9 months

Other loans

Lenders

Krtecek

Balzers, Liechtenstein

T

Taupe

Balzers, Liechtenstein

H

howard

Vence, France

M

mbarbier

United States

Anna Hoad

Toronto, Canada

Max B

Saint Louis, United States

Julia Trigg

United Kingdom

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