Entrepreneur
Name
Prince
Member since
November 2017
On-time repayments
57 installments • 82%
About Me
My childhood up bringing was tough and education was bit hard but I passed through. When things are hard I pray and I try to take the issues one by one.i had my elementary school at church of Christ preparatory school, then moved to lord mission junior high school to continue with my middle school after attaining my Basic education certificate i moved to Presbyterian senior secondary school where i study business, some of the course learnt there was Accounting,business management,cost accounting and economics. after 2 years and 8 months i attained my West Africa senior secondary school certificate in accounting .after school my dad had know money to push me into tertiary since my dad and mum had Divorce, i had to go sell water and dog chains later i moved to work with a private firm as a messenger ,through that i was able to raise some money ,bought my polytechnic forms and proceed to study HND accountancy in sunyani polytechnic,I started my business from saving from my national service. The culture here is dynamics and the people are friendly. in the course of life i had a daughter who is now 4 years .I love reading and playing soccer.
My Business
i started my provision shop business with the little i save from my national services which was Ghs 2,500 i was able to purchase some biscuits and toffees,sugar,milk,Milo, candles name it anything that is needed for break fast in home i sells them and also soft drinks.
these items are daily used and they re highly in demand in everyday life.
I choose this because the demand is very high and the profit merging is good.
my Cost incurred are from electricity bills because i use a bulb and also a table top fridge for selling water and also i pay my little niece who serve as assistance sales personal for the shop( salaries ), the revenues i makes are from the daily sales made from business.
Profit made are shared on 20 : 20: 60 bases
ie 20% for house keep
20% for school fees
and 60% for investment for the business.
my previous profit margin as now increased from GHc 600 to 1,200.00
which is 100% increase
with this increment i was able to pay my second loan disbursement on time.
these new loan when approved will be use to purchase:
extra soft drinks ,since x-mas drinks re purchased on higher quantity
Loan Proposal
These loan will be used to purchases :
extra drinks, my first loan i purchased 20 packs of soft drinks at a cost of $44.
these time around i want to purchase like 80 packs of soft drinks which will amount to $ 176
when this loan is approved it will increase my profit margin big time and also help me carry out expansion in the shop ,that is i would be able to satisfy my customers demands and also improve my sales.
my family lives will improve
i will be able to buy dresses for my child .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$175.00
Date disbursed
Jan 8, 2019
Repayment status
Late
Projected term
2 months
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