Rice and cooking oil business

Felex

Assin Dompim, Ghana

10% repaid

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How it Works

Entrepreneur

Name

Felex

Member since

July 2016

On-time repayments

40 installments • 75%

About Me

I am from Ghana in West Africa. I am Felex Lumor. I am 23 years of age. I have three siblings who all happened to be men. I thus ended up working with my father in his Mechanic shop. I started selling rice and oil in a very small wooden shop in 2012.
I thus took my future into my own hands when i ventured down that lane in 2012. All i had was hope and handwork. They have never failed me.
In my spare times which i do hardly have one, i read books and listen to audio tapes that inspire me towards my business. Then some times to i do volunteer with my youth group in my community.

My Business

My bags of rice and cooking oil selling business is all i am into for now. I have been in it for more than three years. These happened to be everyday foods hence it is highly demanded. Thus this serves as their food needs for energy and strength.
I do not choose this business in the first place but with hard work and determination it has proven and continues to bring in lots of profits even more than what i ever thought of.
Thus the profits are amazingly great for such a business. I make sales daily too. I plough back much of the excess over revenue with very little savings.

Loan Proposal

I sell Bags of Rice and Cooking oil . On daily basis i make sales too. Below is how i will invest this loan into my business for maximum growth.
I will put $50.00 into buying the five Kilos bags of rice from different brands. Then another $50.00 into bigger bags. some of these will later be sold by using small cups to measure them and not in their full bags. Then another $40.00 Into locally Produced rice. Then $60.00 for the cooking oils.
This will support the daily food needs of my people at affordable prices. Then my business will see the highest boost in my entire life.