Material for my hardware store

Entrepreneur

About Me

My name is Collins Adjei from Drobo in the Brong Ahafo Region. I am 28 years of age, born at Drobo to Mr and Mrs Duah who are all farmers.
I had my primary and junior high school education at Berekum Assemblies of God preparatory and junior high school. After I had completed, I continued at St. James seminary and senior high school at Sunyani. I then attended Mount Mary college of education to be trained to become a teacher in 2010.
I am currently working under Ghana Education Service as a teacher and I have been posted to Adom junior high school which is in Berekum.
I entered into hardware business in 2013. I did this because I saw that the people in the area were finding it difficult to get access to hardware items. I have been able to employ three people who are helping me when I go to work.

My Business

I established this business in the early 2013 with the sum of about 1000 dollars. The hardware store is located at Adom new town were I am living at and the store is near Lincoln preparatory school. Some of the materials at the store include cement, nails, paints, iron rods, and many more.
I entered into hardware business because I found out that the people at Adom new town were finding it difficult to get access to building materials because the area is a new site.
Thought the establishment of the business, people at Adom new town have gotten easy access to building materials which have help them to reduce risk of going to town to buy hardware goods. I have employed three people who help me and take care when I am not at store.
I will like to establish a new branch and sell hardware goods that are not available at my store and also would like to expand my business in other to provide more goods to the community and employ more people to reduce unemployment in the area. I will buy some items like cements, paints, nails, iron rods and plywood. I estimated about 3500 dollars for my expansion work. I am able to make a profit of about 30 dollars to 40 dollars a week.
REPAYMENT
I will be able to repay any loan offered me from the sale of the goods I sell.

Loan Proposal

This will be use to buy 15 bags of cement and one cost $8 dollars,10 boxs of nails and one box cost $10 dollars and also buy 15 packets of ironsheet and one cost $8 dollars.again part of the loan will be use to 5 ironrods and one cost $9 dollars. If this loan is granted ,i can buy more items for my store to improve my standard of living again people in new adom will also get acess to hardware materials and this will help them to not to spend money going to town.

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