Rice and oil to stock shop

Gideon

Kofiasua, Ghana

27% repaid

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How it Works

Entrepreneur

Name

Gideon

Member since

December 2016

On-time repayments

55 installments • 78%

About Me

Kofiasua is where I was born and brought up. I attended Junior high School there and afterwards decided not to persue any formal education. I thought the only benefit one could get is money after school Apart from the store, I have a cocoa farm and a vegetable farm to support my family.we are three brothers and one sister.two of my brothers are both carpenters who are very hardworking and they assist me to caterfor our mother whom was devorced by our father for another woman. We have lived in harmony all this while. My mum had a cocoa farm that i have been taking care of for her to buy her own clothes and other basic things she needs.

My Business

I sell general goods like Tin Tomatoes, sugar, soaps. I chose this kind of business because I once visited a shop in Suyani that had general goods like my I could not believe my eyes the sort of customers who had queued to buy items. At the moment my capital is too small (ghc6000) business is very attractive expecially on Market days which is held every Tuesday. Market becomes so good because we do have people from most of the villages nearby to come and sell their foodstuffs and buy things for themselves in return.

Loan Proposal

I wont to buy uncle sam long grain perfume rice 25 bags a bag cost $18 total $450, pomo tin tomatoes peste 10 box a box cost $8 total of $80, six gallons of soya bean oil one cost $15 total $90, and 20 boxes of omo washing powder a box cost $4 , total of $80. This will he maintain my regular customers since they requist these items and also win mero customers since old customer are advertising for me. Am thinking of increasing my earnings by 15%.