Perfumes for my cosmetics shop

Selina

Tamale, Ghana

100% repaid

Entrepreneur

Name

Selina

Member since

November 2016

On-time repayments

80 installments  •  33%

About Me

My name is Selina Addea born and bread at Gumani, Tamale. I was born into a family of three (3) where we toiled with our parents to make the family/house comfortable and a place of survival through peasant farming.
Although things were not smooth, my parents have education at heart so they sent us to school. I have attended Gumani Roman Catholic Primary and Junior High School (JHS) all in the Northern Regional capital, Tamale.
After my JHS however, I furthered my secondary education at the Accra Girls Senior High School (AGISS) where I studied Generals Arts (Languages Option).
After Senior high School, there was no money to further my tertiary education so I went back to assist my parents so as to gather some money to open a small cosmetics shop (perfumes to be precise).
Summarily, one year after assisting my parents on the farms (Maize, Groundnut and Rice) I was able to accumulate USD 498.78 or GHS 2,000.00 as capital to start my business.

My Business

I operate a cosmetic shop in the heart of Tamale where I sell perfumes of different brands including Pure Red (my favourite), Executives, Explorer, Victory among others.
My target market is the work class (Bankers, Doctors, Nurses, Accountants, Lawyers, Teachers and other corporate staffs). This is because, they always want to "smell good" so their demands for the these items or goods.
I purchase some of my goods from Togo, Benin, Côte d'Ivoire and the rest from Accra, Ghana. Just as any business individual incurs costs, I also incur cost for transporting and running the business so as to fulfill the going concern principle of business(Accounting).
I also use part of the profit for reinvestment into the business whiles I save the remaining towards a building project.

Loan Proposal

I operate cosmetics shop and currently need a loan of GHS 500.00 or USD 49.88 to transport my goods from Accra to Tamale before we enter into the Christmas season. But for my siblings tuition fees which I paid recently about GHS 5,000.00 that is about USD 1, 246.95 I would have been able to cater for the transportation cost.
I humbly therefore wish to appeal to my lenders to fund my loan (GHS 40.00 or USD 9.98) to enable me add some moneys to it so as to transport my goods to Tamale for sale.

I am waiting on your favourable response to my loan application.
Thank you.
Selina Addea
Ghana

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Nov 21, 2016

Repayment status

On Time

Projected term

9 months

Other loans

Lenders

J

James

United States

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