Loan to support my provision shop

Bismark

Kumasi, Ghana

Funds disbursed

$0 to go

100% funded of $22 goal

0

days left

Entrepreneur

Name

Bismark

Member since

January 2018

On-time repayments

28 installments  •  25%

About Me

I started my childhood education at Knust primary. When I started school,things were all going on as in the course of the schooling my father lost his job and as a result lead to financial problems in the house as a result affected my education. I had to struggle sometimes before I could get money for school. This went on gradually and I was able to complete my SHS level. Afterwards, I couldn't continue to the tertiary level so I started with pity trading as I save out of it to start a provision shop of which I am currently working.

My Business

I provide goods like soft drinks, milk, tin of milo, soaps, biscuits, bread for people to come in to purchase for consumption.
They are useful in demand , these things are always needed in the human life so people are timely topping in and out in buying and asking of one thing or another.
A tin of milk is 3cedis, milo-15cedis soaps some are 2 or 3cedis depending on the choice of the customer. The typical cost of revenue for now is 10percent as I wish to be increasing with time

Loan Proposal

.When i am granted this loan, i wish to buy more biscuites, soft drinks,milks to fill my provision. These goods and commodities are very essential to the life of human and due to this there high in demand if these things. The price of a pack of discuite is
is 30 cedis and that of a milk is also 40 cedis. I will the rest of the money to buy other stuffs that will be needed.
I expect my profit margin to be increase by 15%. I will use the interest gain to reinvest into my shop

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$22.00

Date disbursed

Mar 12, 2018

Repayment status

Late

Projected term

4 months

Other loans

Lenders

M

Margaret

United States

A

Anonymous

United States

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