New products for my cosmetics shop

Entrepreneur

About Me

My name is Isaac Nayembil from Berekum in the Brong Ahafo Region of Ghana. The name of my parents are; Mr. Daniel Nayembil and Mrs. Victoria Saborh. They have seven children and I am the fourth born. I started my primary school education at Voice of Deliverance Primary and Junior High in Berekum and later completed Kumasi High School in Kumasi. After my senior high education, I entered a teacher training college at Akrokeri at Obuasi in the Ashanti region of Ghana of which I completed in the year 2010 three years later, in 2011, I enrolled in a post diploma course run by the University of education Winneba Ghana and later obtained a Bachelor of Science in education in 2012. Currently, I am science teacher in my former junior high school. I am married with one kid, a boy to be precise. I am aiming to become a competent and a successful entrepreneur.

My Business

Business
The name of my business is “All is well Cosmetics shop” situated at Biadan a suburb of Berekum. I started the business when I graduated from the College in 2010. The motivation behind this was to find a secured source of income to supplement my salary in order to assist my family financially. The beginning of the business was very challenging because the money to start the business was scare, a plot of land on which to build the business too was a problem. This was a headache but through thick and thin, I manage to secure a loan of about $2000 from a Bank to supplement the money I had to commence the business. Currently, I have one employee whom I paid at the end of every month and also help me in managing the affairs of the business. There has been an increase in sales and patronage over the years, due to my strong conviction to be an entrepreneur and loyalty to my customers.
However, every business has challenges. The difficulty today is that, I need to expand the business to include more cosmetics products and also get two store attendants to assist me in my business. Due to financial constrains I need assistant to expand the business and to be a major distributor in my vicinity.

Repayment of Loan
I promise to pay back the loan as soon and early as possible as the terms applies. There have been an increased in the daily sales of my product and will pay every week from it, Aside that I will pay from my monthly salary.

Loan Proposal

I wish to secure a loan of $100 to purchase more products to stock the cosmetics shop. This will help me in my expansion in terms of product and also to meet the demand of my customers. This has become necessary because I wish to move the business into a whole sale to serve more and more people.I hope my request will meet your kindest consideration.Thank you.

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