Purchasing new provisions to stock my retail store

Pomaa

Mim, Ghana

4% repaid

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How it Works

Entrepreneur

Name

Pomaa

Member since

February 2016

On-time repayments

54 installments • 83%

About Me

My name is Pomaa Lucy a lady from Mim in the Brong Ahafo region of Ghana.I am 28 years of age. I started my basic school in Biadan methodist.I also went to senior high at Berekum secondary school.After my senior high,i went to sunyani polytechnic and i offered marketing as a course.My parents are M kumi and madam kumiwaa.I have two brothers .I am the second born of my parents .Is my dream to go high to make a living so that i can help look after my kisds when the time arises.The food i like best is fufu and my hobbies are watching movies and swimming.

My Business

I started my business some years after completing my education.I have my shop where i sell my provision.I sell provisions like milk,milo,biscuit,bread,rice,etc.Is this my business i used in feeding my parents who are old now.My profit keeps on increasing every week because i have a lot of customer who buy my products .I manage to get $90 dollars every week and it helps me a lot to looks after my parents and my younger brother.Is my dream to expand my shop so that i will increase my profit margin.

Loan Proposal

Dear lenders, i wish to apply for a loan of $382 to help me fill my provision shop. If i am given this loan i would buy some items that my customers demand very much from my shop. Again, i will buy other items i don't have in my shop such as 5kg bags of rice which will cost $150, sugar $70, cooking oils costing $25, baby diapers costing $60, soap and toiletries $90. These items are much needed by my customers so if i get them in my shop it will increase my earnings and profit margin by 40% so help me dear lenders.