Purchase of electrical appliances

Entrepreneur

About Me

My name is wilberforce kofi wadawe.i am single and a member of a family of six. I lost my parent at a very tender age in which i struggle to make ends meet. Through scholarship,i completed senior secondary school and proceeded to koforidua college of education of which i came out to become a teacher at a rural community call Kunsu near Kintampo. I was not able to continue to the university because of money. When i was in the secondary school,i got government scholarship so i was able save USD100 which i use to start my electrical shop business in order to support my family.i also want to support my brothers son who want to become a doctor in the future. I like reading and soccer.

My Business

I am into the sale of electrical appliences. The business is situated at kintampo in the Brong Ahafo region of Ghana. I choose this business because of high demand for electrical parts.i. USD100 to set up the business. The iyerms are in a container.the business is very lucrative with 0.5% risk level of some parts not been purchase ontime but any amount invested in it shall not be at loss. My only challenge is that i have very limited working capital therefore should i get any fund as support, i believe in the next 2 years my business will grow from strength to strength. Now because of the support I received from you I am now at university studying Bsc Information Technology. I pray you continue helping me so that I will be able to graduate.

Loan Proposal

I need the loan in order to purchase electrical appliences in my shop. Part of this loan will be use to expand my shop. The iterms i will buy includes: extension boards cost per one USD 45.6, fuse USD. 17.8 ,bulbs USD 15.2, cables USD 38 per one. This will help me support my family and it will also help me to serve my customers well. My profit margin will increase from USD 380 to USD 570 if the loan is funded.

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