Selling hair products

Benjamin Kwabena Agyei

Nkoranza, Ghana

100% repaid

Entrepreneur

Name

Benjamin Kwabena Agyei

Location

Nkoranza, Ghana

On-time repayments

71 weekly installments  •  100%

About Me

Benjamin Kwabena Agyei is my name. I come from Nkoranza, in the Bono East region of Ghana. I started my Early Childhood Education at Atebubu st. Patrick R/C Basic School . After completion of My Basic School, I gain Admission and i was offered a Scholarship to further on to Senior high School at Obuasi Senior High/Technical School . I was offered technical as my program with Building Construction option . When I Completed, i continued my Tertiary Education at Mampong Technical Teachers college. I studied Technical education and I was awarded teachers certificate "A". I gain admission to study for bachelor's degree in construction technology at the University of education winneba Ghana and I graduated with second class upper division. Now I am studying at Kwame Nkrumah University of science and technology Ghana for masters degree (msc.) In technology management and entrepreneurship.
My dream is to become University lecturer, a renowned entrepreneur and a phalantropist targeting the homeless peoples. I am married with three children all males

My Business

I have started a cosmetics business,paultry farming pigery and other livestock production. The cosmetic store is in full operation and my paultry business is also in incubation period since the birds are now growing, I plan to add hair products and toiletries to the cosmetic store but I am limited with finance. I don't want to put "all my eggs in one basket", I was told is not good practice as entrepreneur so I want to diversify my business by adding different products to the stock. If I am able to get higher loan amount from lenders i will use it to stock the cosmetic store with hair products thank you.

Loan Proposal

I want to add hair products and toiletries to my cosmetics store, because I don't want to have "all my eggs in one basket," as I was told that's not a good practice as an entrepreneur. Therefore, I want to diversify my business by stocking other products instead of stocking only cosmetics. Financially, however, I am limited.

If I am able to get this loan from lenders, I would use some of it to stock the cosmetics store with hair products. If the loan becomes fully funded and gets disbursed to me, then half of the amount would be used to buy hair products to offer for sale, and the other half would be used to buy soaps, laundry powder, and rolls of toilet paper to resell, too, because diversification is one way of tackling the risks of doing business.

Income Source

Risk & Revenue Information: My cosmetics business is in full operation, and my profits
have not been affected in any way. Also, I believe that with the introduction of new products, my profits would be increased. That, in turn, would help me to repay my loan
on time.

✎✎✎

EDITOR'S NOTES:

1.) For anyone who may not yet know this, please be aware that although English is an official language in many African countries, English usually *isn't* the first language of
most people in Africa; rather, a tribal language (or two or three or more) usually is/are
the first language(s).

2.) The "Risk & Revenue Information" is submitted separately and, therefore,
doesn't appear in the "Show original English" section, below:

Show original English  

About Me

Benjamin Kwabena Agyei is my name. I come from Nkoranza, in the Bono East region of Ghana. I started my Early Childhood Education at Atebubu st. Patrick R/C Basic School . After completion of My Basic School, I gain Admission and i was offered a Scholarship to further on to Senior high School at Obuasi Senior High/Technical School . I was offered technical as my program with Building Construction option . When I Completed, i continued my Tertiary Education at Mampong Technical Teachers college. I studied Technical education and I was awarded teachers certificate "A". I gain admission to study for bachelor's degree in construction technology at the University of education winneba Ghana and I graduated with second class upper division. Now I am studying at Kwame Nkrumah University of science and technology Ghana for masters degree (msc.) In technology management and entrepreneurship.
My dream is to become University lecturer, a renowned entrepreneur and a phalantropist targeting the homeless peoples. I am married with three children all males

My Business

I have started a cosmetics business,paultry farming pigery and other livestock production. The cosmetic store is in full operation and my paultry business is also in incubation period since the birds are now growing, I plan to add hair products and toiletries to the cosmetic store but I am limited with finance. I don't want to put "all my eggs in one basket", I was told is not good practice as entrepreneur so I want to diversify my business by adding different products to the stock. If I am able to get higher loan amount from lenders i will use it to stock the cosmetic store with hair products thank you.

Loan Proposal

When the loan is fully funded and disbursed, half of the amount will be used to buy more hair products for sale and the other half will be used to buy soaps, loundary powder and toilet rolls for resale because diversification is one ways of tackling risks in business

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$587.00

Date disbursed

Aug 12, 2020

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $51.67

Credit risk payment: $77.51

Lenders

tycho

Madison, WI, United States

AltruisticSelfishnes

Chicago, United States

Rdcmole

Cincinnati, United States

ErikN

Stockholm, Sweden

Martin

Manama, Bahrain

M

mogensh

København V, Denmark

D

DRSZ73

Portsmouth, United Kingdom

C

codairem

Berkeley, United States

DLarson

Morris, United States

SeeMeeFi

Ontario, Canada

D

Divergent

Bethesda, United States

D

duckdork

De Forest, United States

Cloudways

Malta, Malta

Andreas1974

Fristad, Sweden

M

mkfiddler

Santa Barbara, United States

AdvancingCompassion

San Diego, United States

peanut

Halifax, Canada

MichelD

Bangkok, Thailand

D

Dettmann1

Atlanta, United States

H

hchsmicroloans

New York, United States

U

UmSaeed

Southfield, United States

A

Aaron

Zurich, Switzerland

Cadwah

Barcelona, Spain

P

Peksa

Espoo, Finland

J

jerryq

Redding, United States

V

Valis

Singapore, Singapore

B

boronat

Brussels, Belgium

mrgonzalo

San Francisco, CA, United States

nakamura

United States

J

JoeOmundson

Portland, OR, United States

MichaelOsburg

Hochheim, Germany

H

HomesteadSchool

Glen Spey, United States

JTShorty

Gorham, Maine, United States

numbat

Perth, Australia

C

caldw142

Whanganui, New Zealand

C

Colmena

Chicago, United States

W

wally

Torino, Italy

paulclinton

malaga, Spain

Hedwich

Gorssel, Netherlands

A

AndrewC

London, United Kingdom

R

run426

DeBary, United States

C

cerowain

Melbourne, Australia

T

TodaRaba

Tacoma, United States

ibc123

Seattle, United States

barthez

Hamm, Germany

mikeice

Kohler, United States

B

BenHittle

Salem, United States

sderickson

Berkeley, CA, United States

Arjan Geven

Vienna, Austria

C

chrishol

United States

MalcolmL

San Francisco, United States

D

DanielH

United States

D

davecas

United States

mepster

San Francisco, Ca, United States

chriseyre

Fremont, Ca, United States

O

OzMonkey

Australia

Lisbeth

Perth, Australia

Grant Xavier Storer

Seattle, Wa, United States

M

Madtowner

United States

S

Stephan

Netherlands

JP

James Parker

Sacramento, United States

JL

Joao Leal

United Kingdom

S

Sven

Netherlands

Dave Bogard

New York, United States

AP

Adam Peterson

United States

RB

Renee B

United States

Kai

Nuremberg, Germany

Lou Kaucic

Sanbornton, NH, United States

Richard

Shrewsbury, United Kingdom

Kristin Rhodes

Kansas City, Kansas, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

JC

JD Conley

United States

M

Marc

Newcastle upon Tyne, United Kingdom

I

Ian

United Kingdom

EB

Erica Brescia

United States

TP

Ted Power

United States

MG

Meron Gribetz

United States

C

cota

United States

George

Corvallis, Oregon, United States

ME

Manaal Eisa

Washington DC, United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

R

Rhys

Australia

G

Gabri

Austria

F

Frits

Rotterdam, Netherlands

R

Rahel

Austria

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

E

eriklonnroth

United Kingdom

KirstenAlana

Los Angeles, United States

Vratik Krocik

Prague, Czech Republic

LM

Lee Montecucco

Washington State, United States

Daisuke

Tokyo, Japan

CJ

Carrie Jean

United States

E

Eduardo

Paraguay

R

Ru

New York, United States

Roel Vogels

Netherlands

J

Jeremy

United States

DK

Daniel Kalla

Saint Paul, United States

Black and White Zebra

Vancouver, Canada

Babbitt Family Foundation

Sioux Falls, SD, United States

Ask Benjamin a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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