New fashion wares for my shop
Faustina Ankrah
Accra, Ghana
52% repaid
Entrepreneur
Name
Faustina Ankrah
Member since
November 2017
On-time repayments
86 installments • 58%
About Me
Am the third born of four children who lived and catered by a single mother. I studies up to the university and majored in Accountancy.
I have to sell various goods to enable me go through my secondary school which gave me the opportunity to work in a company to acquire a Higher National Diploma in the university.
I started my own business through my little savings from various small scale business i did with a friend.
I come from Ghana which is located in West Africa. Ghana has a lot of rich cultural festivals and also noted for the mass production of cocoa. Its also a country that attracts more foreigners due to our rich tourism.
My children wants to be a Doctor, Accounts Manageress and a Bank Manager.
I like reading , listening to music and cooking which makes me happy when am alone. It also makes me get busy at all times and to forget about my problems.
My Business
I am an importer who imports various kinds of goods like men's ware, ladies ware, kitchen items etc.
Most of the items are highly in demand in my country because it is not manufactured. Due to this, there is a lot of demand when its imported here to my country.
I choose this business because, it is profitable and will help improve my financial status.
It also makes my people looks nice and happy when they get them.
My typical cost ranges from $1,000 depending on the quantity and quality of items I want to import. Also, the cost of freight and clearing duties.
The revenue margin is good because, when i invest $1,000 in the importation business, I can get a profit of $500 .
I reinvest half of the profit into the business and use half to improve my home and help others too.
Loan Proposal
When I'm giving this loan, I will use the loan to import new fashion wares into my shop. This will help me boost my inventory.
It will also help to increase my profit margins.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$359.00
Date disbursed
Feb 23, 2019
Repayment status
Late
Projected term
9 months
Ask Faustina Ankrah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.