Soft drinks for my shop

Edmund

Suhum, Ghana

100% repaid

Entrepreneur

Name

Edmund

Member since

January 2019

On-time repayments

7 installments  •  43%

About Me

I was born in Okroase a village in Suhum-Eastern Region. I attended Okroase M/A JSS. Due to financial problems in my family I decided not to continue my education after the Basic Education Certificate Exams(JSS). I lost my parents at the age of 5 years so with the help of my grandmother I was able to complete JSS. With the help of my grandmother she introduce me to the soft drink business on a small scale of which I raised capital. The Odwira festival is the unique culture in my area. My little boy have a dream of becoming a dentist in future Football is the game I like best. On the 25th December 2018 I made a trip to the kakum national park with my friends and it was really fun.

My Business

I SELL SOFT DRINKS SUCH AS COCA-COLA, FANTA,VITA MILK,RUSH ENERGY DRINK,TROPICAL,STORM ENERGY DRINK ETC.
SINCE MY SHOP IS LOCATED AT THE COMMERCIAL AREA IN OKROASE-SUHUM, CUSTOMERS OF VARIOUS WORKING ENVIRONMENT ALWAYS COME IN TO BUY BEFORE AND AFTER LUNCH OR EVEN SUPER ALWAYS SINCE THERE ARE NO RESTRICTIONS ON SOFT DRINKS TO HARD LIQUORS.
I CHOSE THIS BUSINESS FROM INFANCY THROUGH MY GRANDMOTHER WHO WAS INTO IT ALREADY AND GAVE ME A LOT OF EXPERIENCE
MY TYPICAL COST IS $2,500 AND REVENUE IS $300 PER MONTH SUBJECT TO INFLATION.
I USE PART TO PAY MY WARDS SCHOOL FEES AND TAKE CARE OF SOME NEEDY KIDS IN MY COMMUNITY. ALSO I HAVE BEEN SAVING SMALL TOWARDS THE FUTURE.

Loan Proposal

I WILL ADD THE LOAN TO MY SAVINGS AND BUY COCA-COLA 10 CRATES($900), TROPICAL 8 CRATES ($250),VITA MILK 5 BOXES ($795),RUSH 8 CRATES ($210) AND STORM 7 CRATES ($210).
THIS LOAN WILL INCREASE MY STOCK AND MY PROFIT MARGIN,IT WILL ALSO HELP ME TO CATER FOR THE NEEDY IN MY COMMUNITY.
I EXPECT MY PROFIT TO INCREASE TO 30%

Feedback

None

None

1



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Feb 5, 2019

Repayment status

On Time

Projected term

1 week

Lenders

Jonathan Ely

Aldershot, United Kingdom

S

Stephan

Switzerland

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

Please log in to comment.

  • Edmund    Feb 25, 2019

    I will increase my stock

    Log in to reply • Share
  • Edmund    Feb 18, 2019

    I PURCHASED ADDITIONAL SOFT DRINKS FOR MY SHOP WITH THE LOAN FUNDED TO ME.
    THE PURCHASE OF SOFT DRINKS HAS INCREASED SALES AND REVENUE.
    I HAVE USED SOME OF THE INCREASED EARNINGS TO RESTOCK AND ALSO SAVED SOME FOR OTHER NEEDS

    Log in to reply • Share
  • Edmund    Feb 4, 2019

    I WOULD LIKE TO THANK MY LENDERS AGAIN FOR ALL THE OPPORTUNITIES. THIS LOAN WILL ALLOW ME TO STOCK MY SHOP WITH ASSORTED DRINKS WHICH WILL MAKE ME SERVE MY CUSTOMERS WELL AND ALSO TO TAKE CARE OF MY LITTLE BOY AND SOME NEEDY KIDS IN MY COMMUNITY

    Log in to reply • Share


Loading...

Loading...

Loading...