Sale of domestic fuel (charcoal)

Kwabena

Accra, Ghana

21% repaid

Follow Kwabena

How it Works

Entrepreneur

Name

Kwabena

Member since

July 2015

On-time repayments

87 installments • 55%

About Me

My name is Anarfi kwabena kwarko,24 years old intern at the KorleBu teaching hospital.

My Business

My time in the senior high school proved to be quiet influencing and very much productive. I was not from a very affluent home but in my own small way tried my best to support colleagues who were less privileged in the school.

Loan Proposal

Amount to be invested -430cedis($100)

A unit sack of charcoal sepls at 50cedis.($11.6)(Manufacturers price)

Start up purchase 8units equivalent to 400cedis.($93)

A unit sack will be sold at 75cedis ($17.4)(whole sale price)
profit % of 15 on each sale (15cedis) ($3.4)
sale of 8units will amount 120cedis($27 )of profit

Transportation of 40cedis($9.3) on every trip of purchase and a communication cost of 10 cedis ($2.3)
total cost iincurred 50cedis($11.6) (this cost is bared by my self in mutual agreement with my partner )

Profit in addition to 30cedis($6.97) left on initial invested amout =150 cedis ($34.88)
profit - cost incurred = 100cedis($23.25) of actual profit .

35cedis($8.13) of this amount will be used in payment of loan and 50cedis($11.6) will be reinvested into business .
15cedis($3.48) will be saved

This will enable me pay loan intime and help in growing my business.In addition the to this the purchase of domestic fuel in the country is on a rise due to increased prices in LP gas for domestic use and so I see a profitable avenue for investment.