Purchasing of inventories

Entrepreneur

About Me

I am Isaac Horla Amaglo. I am a 36 year old married man. A human resource management graduate from Institute for Professional and Executive Development - UK. I am currently a fashion designer. I make all kinds of clothings ( both gents and ladies).
I am also into taxi business.
I currently am seeking help to get a fairly new car to use as a taxi and also expand my fashion business by getting new sewing machines and beating machines.

My Business

Fashion designing: I measure, cut and sew to fit and meet the specification and satisfaction of my clients through carefully crafting unique designs and advise as to appropriate attires fit for occasions, body type and personality type.
I sew both ladies and gents wear ( kaftan, skirts, blouses, wedding gowns).
Recently, I have taken advantage of the corona virus pandemic to produce face masks, made from African prints.

I also own a taxi which runs through the city of sunyani by my employee

Loan Proposal

With a loan of a GHC 141, I need to build a loan credit to purchase new equipments for sewing.
I will use this money to buy fabric, thread and elastic bands to produce facemasks which is on high demand in the world now.

Income Source

I shall produce about a hundred pieces of facemasks from the fabric, thread and elastic band that shall be used to produce the products.
Selling price per facemask is GHC 3. Therefore, a hundred pieces shall total, GHC 300, of Which 50 of them could be sold within a week.
Therefore, in two weeks, I would be able to recoup both the principal and the profit to repay the loan

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