Purchase of products in my supermarket
Philomina
Berekum, Ghana
52% repaid
Entrepreneur
Name
Philomina
Member since
February 2015
On-time repayments
6 installments • 50%
About Me
Philomina Gyau is my name. I come from Berekum in the Brong Ahafo Region. I started my basic school at Berekum Demonstration School, I furthered my education from there to Berekum senior high school. My parents are farmers by profession. I am the general owner of Phil’s supermarket. I choose this kind business because my place or area is very good in that business and that place was were I was brought up. Because my place is a new site and people travel to Berekum downtown for daily goods. If am being given $100 in a week I can get $40 to $47 profit a week. The loan will also help me to expand my business and also employ more people. When I completed my secondary education I was employed in a shop and began to identify the needs of the community. With the little savings made I started my own supermarket shop. I can see that the community need these daily items in their homes.
My Business
Phil’s supermarket shop is the name of my provision store. I started this supermarket shop in my area because there a lot of people in that area and they will be needing these daily items and food for living. Since I started this business, I can see that people are always at my shop purchasing. The main products are breakfast items like, milk, bread tea, coffee, Lipton and all kinds of bakery products which workers rush to my shop daily for these products. Also laundry products like, soap, soap powders and detergents are sold in my shop. The main motive behind me choosing this business was that, everyone will need this in everyday life because you have to take your breakfast, lunch and supper and you will need these items to prepare that. If I invest let say $ 100 within a week I can get $40 profit because as soon as I bring the goods community people come in and purchase them. My business capital is small and I need money to purchase most of the products in order to attract more customers as far as the community population is concerned. The profit will also be used in reinvesting
Loan Proposal
When I receive the loan, I will go to the market to buy these products to stock my shop. Some of the products I will be buying are detergents, soap, breakfast and lunch products etc. I assure you that, i will use the money solely for it purpose in other to attract more customers and help grow my business in order to repay my loan. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 40% profit within a week payback the loan
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 17, 2015
Repayment status
Late
Projected term
6 weeks
Lenders
North Carolina, United States
United States
Germany
Jake Gibson and Beverly Picardo
San Francisco, United States
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