Loan to support my provision shop

Bismark

Kumasi, Ghana

100% repaid

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 receive this loan, I will buy more milk, milo, biscuits and other provisions stuffs needed in excess so that always my customers will be able to get their demands so as to help me to earn more profit. The price of milk is 3cedis that of milo is 15cedis and the rest depends on the quantity you wish to purchase.
This will really help me to be able to improve my shop and expand it in the near future. I expect my profitmargin to increase by relatively 5percentsince the starting loan is not that huge.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$21.00

Date disbursed

Jan 13, 2018

Repayment status

On Time

Projected term

4 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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