Shop expansion

Daniel

Kumasi, Ghana

36% repaid

Entrepreneur

Name

Daniel

Member since

July 2015

On-time repayments

229 installments  •  71%

About Me

My childhood was a normal one, I lived with my parents and three siblings and also attended three different primary schools because school fees were not easy to come by. The same difficulty in paying school fees continued in junior secondary and senior secondary.

After the senior secondary, I did some petty jobs and enrolled myself in a computer training school. The knowledge I acquired I use in the company where I work now. I am planning to further myself soon. I know with the help of Zidisha I can. After working for some time in the company, I was able to save some money and added it to the little money my wife had and we started trading beauty products.

My people where I live are easygoing people and very hospitable. My daughters want to be doctors in future. I like singing and playing the piano as a choir director.

My Business

My business is a joint business with my wife and we deal in beauty products like acrylic liquid, nails, powder, nail polish, brushes, etc. These goods are in demand and useful because they are the accessories of women. All of us know that women do not take their beautification for granted; they always want to look nice or beautiful. I chose this kind of business because women spend money on them and also they buy things more than men.

Our revenue is between 2000 and 4000 cedis monthly. I can still see our location is not helping us in business, so I need to get a better store that is closer to the people. Some of the profit is used in paying school fees and other bills and some is used for reinvestment in growing the business. But I will use part of my monthly salary and part of the income from the business for the repayment of the loan.

Loan Proposal

I am applying for this loan because as a retailer who has been buying and selling for sometime now.i want to grow my business by adding different items to my stock, and because of that i have realize that my shop is small and i need to expand my shop so that it can contain more items.So i need the loan to buy hardware items like woods, roofing sheets, cement,tiles,paint to do the expansion.
Per my estimate, the woods will cost 250 usd , roofing sheet cost 145.8 usd , cement cost 50 usd , tiles cost 104.17 usd , paint cost 41 usd respectively, and workmanship will cost about 188.96 usd.
As this loan is not going to be invested directly in buying and selling it is not going to
bring any profit for now, but i believe it is going to increase my profit margin in the near future as i add more items to the shop and sell them and for me to serve my people well by selling to them the things they need and ask for.
thanks in advance for granting my loan proposal.

Show original English  

About Me

My Childhood days was a normal one,i lived with my parents and three siblings and also attended three different primary schools because school fee was not easy to come by.
Same difficulty in paying School fees continued in junior secondary and senior secondary,
After the senior secondary i did some petty jobs and and enrolled myself in some computer training school with which the knowledge i acquired i use in the company where i work now. And i am planning to further myself soon ,i know with the help of zidisha i can.After working for sometime in the company, i was able to save some money and added it to the little money my wife had and we started trading beauty products. My people at where i live are easy going people and very hospitable. My daughters wants to be a doctors in future.
I like singing and playing the piano as a choir director.

My Business

My business is a joint business with my wife and we deal in beauty products like acrylic liquid,nails, powder, nail polish, brushes and etc.
These goods are in demand and useful because its the accessories of women, and all of us know that women do not take their beautification for granted,they always want to look nice or beautiful.I chose this kind of business because women spend money on them and also they buy things more than men.
Our revenue is between 2000 and 4000 cedis monthly but i can still see our location is not helping us in business so i need to get a better store that is closer to the people.Some of the profit is use in paying school fees and other bills and some for reinvestment in growing the business.But i will use part of my monthly salary and part of the income from the business for the repayment of the loan.

Loan Proposal

I am applying for this loan because as a retailer who has been buying and selling for sometime now.i want to grow my business by adding different items to my stock, and because of that i have realize that my shop is small and i need to expand my shop so that it can contain more items.So i need the loan to buy hardware items like woods, roofing sheets, cement,tiles,paint to do the expansion.
Per my estimate, the woods will cost 250 usd , roofing sheet cost 145.8 usd , cement cost 50 usd , tiles cost 104.17 usd , paint cost 41 usd respectively, and workmanship will cost about 188.96 usd.
As this loan is not going to be invested directly in buying and selling it is not going to
bring any profit for now, but i believe it is going to increase my profit margin in the near future as i add more items to the shop and sell them and for me to serve my people well by selling to them the things they need and ask for.
thanks in advance for granting my loan proposal.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$799.00

Date disbursed

Aug 8, 2018

Repayment status

Late

Projected term

32 months

Lenders

C

Christian

Saarbruecken, Germany

C

chrisherron

Chicago, United States

Cloudways

Malta, Malta

G

Goodwill

Oakland, United States

R

Rking

Eugene, United States

Christopher

Copenhagen, Denmark

JC

Jordi Cohen

New York, NY, United States

JTShorty

Gorham, Maine, United States

M

miriamg

Toronto, Canada

mikeoberhaus

San Francisco, United States

Hedwich

Gorssel, Netherlands

O

Ohio

Ohio, United States

JonB

London, United Kingdom

O

osubucks45

United States

BuckeyeBob

Ohio, United States

bb4dogs

United States

joshuacollinson

Vienna, Austria

D

DStateDDB

United States

F

factotums

United States

SV

sven vdk

Twickenham, United Kingdom

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

SMOICE

Berlin, Germany

W

Wade

United States

SK

Stefan Kruell

Muenster, Germany

Paul Smithson

Leeds, United Kingdom

IH

Isaac Hileman

United States

E

EABF

Netherlands

GC

Greger Cronquist

Göteborg, Sweden

BW

Betty Waweru

United States

A

AJ

United States

James

London, United Kingdom

Geoguillot

California, United States

R

Ralf

Germany

HCPSPIRIT

Helsinki, Finland

Jean Wren Chan

United States

JF

J Fister

United States

Salvatore Martello

New York, New York, United States

M

Mary

United States

S

Sarah

Arlington, United States

A

Alex

United States

BN

Brian Neilon

United States

S

S

Canberra, Australia

Sean Richards

Wilmette, United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

L

Liz

Canada

S

SmartDoDo

Utrecht, Netherlands

sbdoc

Reno, United States

KM

Karen Marshall

Alice Springs, Australia

D

David

United States

Gerhard

Vienna, Austria

Adrian

Liverpool, United Kingdom

C

chellepaningbatan

United Arab Emirates

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