New phones and acessories for my shop

Entrepreneur

About Me

my name is Dorwana joseph I am married and a member of a family of eight i lost my parents at very tender age in which i struggle to make ends meet .Through scholarship, completed senior high school and proceeded to Sunyani Polytechnic where I studied HND Accountancy but could not go to the university because of money . when I was in High School i got a government scholarship so i saved 120 US Dollars which i used to start mobile phones Shop business in order to support my family. i also want to support my younger sister who wants to become a doctor in future as well as my son who will want to be a legal practitioner. i like reading and soccer.

My Business

I am into the sale of mobile phones, and my business is situated in sunyani town with about 200 mobile phones and accessories on a surf.i choose this business because of the high demand, in this twenty first century, everyone uses mobile phone as a means of communication . i spent 120 US Dollars to set up the shop. The business is very lucrative with 0.5% risk level of some phones not been purchase on time. However, it so lucrative any amount invested in it shall not be at loss.My only challenge is that I have a very limited working capital therefore should I get any fund as a support, i believe in the next two years i will be able to set up another mobile phone shop in a different location.

Loan Proposal

I want to purchase a new phones and its accessories into my shop. Apart from the phones I want to purchase acessories such as : hands free,chargers, phone covers into my shop. This loan, If granted will enable me to add phones that will meet my clients demands. I expect my business profit increase from 100gh to gh 150 for 4 weeks projections. This loan will help me improve my living condition because I expect profit increase. These are the the projected list prices of the iterms;
New phones; 3 pieces cost gh150 per one. - GHS 450

Handfree; 35pieces cost gh10 per one. - GHS 350
Chargers ; 6 pieces cost gh5 per one. - GHS 30

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