Inventory of milk, rice etc. for my provision shop

Nafisatu Akinola

City, Ghana

100% repaid

Entrepreneur

Name

Nafisatu Akinola

Member since

August 2018

On-time repayments

174 installments  •  93%

About Me

I am Nafisatu Akinola.I manage a retail shop in Accra.I hold a certificate in Accounting(ACCA).I would be very happy if I could get investors who will invest in my business and also to expand it.With the expansion,I will employ two more people to help me manage it,that's one in the morning and the other in the evening,so as to increase my profits and also be able to pay back the money to my investors.I hope I have been able to give you enough reason to invest in my business.Thank You.

My Business

My line of business is in retailing of provisions.Most of the items I retail are mostly provisions which are everyday consumables.Some of the things I retail are milk,sugar,Milo,biscuits,soaps,detergents,disinfectants,children's food(cerelac,yumvita etc)tooth brush,tooth paste etc.I started with funds I raised working as an account officer with Laak Consult Limited(I.T firm)With the expansion,I will also employ an account officer to keep records of the goods so that I will be able to pay the investors on time.Thank You.

Loan Proposal

I will be using the loan to purchase inventory for my shop and also render the service of other people to increase sales and boost my earnings.This will benefit me very much cause most of the things i will sell wont be sold by most people.People i employ will also enjoy the benefit as there will be increase in sales.I am expecting to make between 5%_10% profit because of the inventory i will be taking.Thank You.

Income Source

As i said earlier,my business is an already going business because of the things i sell like milk,sugar,rice,diary products etc,which are mostly consume in our daily lives,So i wont have problems in selling my provisions.So with your loan and support,i will be able to stock my shop with all that most people will need to help boost my sales and also pay the loan on time.Thank You.

Feedback

2

None

None

  • David    Sep 16, 2020

    Loan was originally scheduled to four weeks. Some issues were explained on the discussion page and regular payments completed the loan in 10 weeks. Good luck with your business.

    Log in to reply • Share
  • Svenip    Jan 12, 2019

    Fully repaid on time, well done!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$107.67

Date disbursed

May 30, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $7.34

Credit risk payment: $5.82

Lenders

wissam

Jeddah, Saudi Arabia

M

Margaret

United States

David

Canada

John

United States

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