Rice and cooking oil for my shop

Enock

Techiman, Ghana

Funds disbursed

$0 to go

100% funded of $288 goal

days left

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How it Works

Entrepreneur

Name

Enock

Member since

July 2017

On-time repayments

41 installments • 68%

About Me

I completed my secondary education in 2015. Thus Akumfi Ameyaw SHS in Techiman.Due to financial challenges l could not further my education to the tertially level. I started selling recharge cards and it fetched me some income and l started my own business. The people in my area here are predominantly farmers. The land here is fertile for cultivation of vegetables like tomatoes , garden eggs ,pepper etc. The people here are very hospitable. I have two children who always tell me "daddy, we like to become teachers in future in order to help people get kwonledge in live issues. I like sharing life stories with my children.

My Business

I have a provision store of which l sell things like bisquittes ,sardine , sugar, rice, soap, bread, toothpaste, pomades , bows , cups etc. I chose to do this business because people in my community had to travel for many miles before to the next village before the can get the things l had mentioned earlier. This has helped the people and reduced the risk of them travelling to the town for the items they need.The cost involve in getting the items from town at times cost $200.After sales l make about $50 profit. I save my profit for my children education and home management.

Loan Proposal

I will use this loan to buy three bags of rice of which each one will cost $50. The three bags shall cost $150 and l will buy seven gallons of soyabean cooking oil of which one will cost $30. The seven gallons of cooking oil will cost$210. This will help providing the food needs of my people in my area. We experienced rainfall failure during the last farming season and due to this most farmers did not get more food items and the rice and the cooking oil will help them a lot to get food to eat. I expect my profit to increase from GH80 CEDI's to GH120 CEDI's daily.