Selling soft drinks to finance my education

Mary

Fanti Nyankumasi, Ghana

100% repaid

Entrepreneur

Name

Mary

Member since

October 2016

On-time repayments

35 installments  •  60%

About Me

My name is Mary Osei from Fanti Nyankumasi which is located in the Central Region of Ghana ,I live with my mother and four siblings am the eldest ,my father died in a car accident my mother is a trader who sell vegetables in Fanti Nyankumasi Central Market in last two years . I pass my juniori could not further more, my mother is also growing older ,my siblings are also furthering take care of the family and my self .
so i started selling of bread and drinks in the Fanti Nyankumasilorry station it was very hard,
I go for this bread and drinks on credit and make sales to the owner and give me some amount , I divide this amount into three, one is this profit to pay my school fees,my siblings and the rest are invested into my business ..

My Business

I deal in everyday foods which is basically soft drinks, biscuits and bread. I sell these mostly to travelers in vehicles. I do this when i have closed from school in the afternoon. The basic demand conditions for these goods is quiet high since there are many sellers in my community but we all make the needed sales too at the end of the day.
I choose this kind of business because it allows me to trade . It very also do not need any specialised skills hence any hardworking person can make something out for him or herself.
The cost and profit ratios are not that high but it is able to pay for my educational expenses and most part of my upkeep. I use the profits made from this business to finance my education.

Loan Proposal

I did choose the second to the least amount which will help me to pay and grow per my strength and pace, I will be buying just a few soft drinks and two small boxes of Picadelay biscuits for sale which will cost me not more than $25 .
Adding these line of inventory to the few i do take from my creditor will help me to do much very well in my business. With this loan, i will be able to do more sales and make more profit and be able to better provide for myself.
With the loan amount, I am expected to make a profit of not less than $10 on the $25 Loan amount.
This will help me to continue with my education and help me to attain higher height in Life.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$20.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

3 months

Lenders

Paul Buchheit

Mountain View, United States

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

Loading...

Loading...

Loading...