Stock of a4 paper to supply photocopying business
Sarah
Accra, Ghana
100% repaid
Entrepreneur
Name
Sarah
Member since
March 2015
On-time repayments
99 installments • 70%
About Me
My name is Sarah Asare Mathias from the Brong Ahafo region of Ghana, and I am a trader and businesswoman. I am the first of five children born to my parents. My father died in my senior high school days and my mom had to take care of the five of us alone. As a result of financial difficulties, I could not proceed to college although I had very good grades. I took to supplying A4 sheets to the photocopy shops at the University of Ghana, Legon, at a very early age, to which I used the profit to take care of myself and help my mom to raise my other siblings. So this is how come I came to start this business of selling and distributing A4 papers in large quantities. Initially when I started, I was trading on credit. I took to sell and paid later but, as time went by, I was able to save to purchase to sell.
I am a very dedicated Christian who believes in working hard. I spend my free time -- which is not often because I am always working -- to rest and think through my business and how to improve it. My dream as of the moment is to be able to trade in these A4 sheets of papers and supply to on a bigger platform since it is very lucrative. Integrity has been my life's compass and due to that I have never lost my way...
My Business
As I wrote earlier, I deal in printing papers and I only supply them to more than 12 mini printing and photocopying shops in the University of Ghana, Legon. These are highly in demand, since in our part of the world most of the materials given to students are photocopies, so those involved in this business are really making money and my supplies are on daily basis. So, at the end of the day, the operators of the shops just call me and they give me the quantities they will need for the next day, and I go to a retail and get them and just supply. Then also I am paid instantly.
I chose this kind of business because, as of the time I left high school, I did not have a lot of money to start something big. So when I say the opportunity in this business, a family member opted to help me out with the starting capital; however, I was able to repay her in just three months and made enough money to now do business on my own so I remained there.
Then one thing about this business is that you make up to 57% on your invested amount. I have been saving actually and I stay on part of my profit and help my parents too with about 30% of the profit I make in a day. The dream I have is to be able to trade on a large scale because the demand is huge, and my dream is to do this business and buy application forms and apply to the University of Ghana next year, since I can combine learning and supplying at the same time.
Loan Proposal
If and when my loan is fully funded, I will be using the full amount to purchase stock of A4 sheets of papers so as to supply the photocopying shops at the University of Ghana, Legon. That has been my business for more than five years now actually.
So I will buy five cartons of A4 sheets at an amount of $50, and then I will buy three small boxes of printing ink at the cost of $30, and finally I will buy some binding materials as well for some $ 20. Therefore all put together the total will make $100.
This activity of mine helps make photocopying so easy and accessible to all the students on the University of Ghana campus. Then for myself, it makes me a living and it will go a long way to help me save towards my higher education, after staying at home for barely five years since I completed high school. I also expect my profit to shoot up to about 40%, since the loan when funded will help to purchase more stock and that means more profit, but then I will have to work harder, which I am willing to do.
About Me
my name is Sarah Asare Mthias from the Brong Ahafo region of Ghana and i am a trader cum business woman. i am the first of five children born to my parents . my father died in my senior high school days and my mom had to take of the five of us alone. As a results of financial difficulties, i could not proceed to college although i had very good grades. i took to supplying of A4 sheet to the photo copy shops at the university of Ghana, legon, at a very early age to which i used the profit to take care of my self and helped my mom to raise my other sibilings. so this is how come i came to start this business of selling and distributing A4 papers in large quantities. initially when i started , i was trading on credit. took to sell and paid later but as time went by, i was able to save to purchase to sell. i am very dedicated christian who believe in working hard. i spend my free time which is not often because i am always working to rest and think through my business and how to improve it. my dream as of the moment is to be able to trade in these A4 Sheet of papers and supply to on a bigger platform since it is very lucrative. Integrity have been my life's compass and due to that i have never lost my way...
My Business
As i wrote earlier, i deal in printing papers and i only supply them to more than 12 mini printing and photo copying shops in the university of Ghana, legon. these are highly in demand since in our part of the world most of the materials given to students are photocopies so those involve in this business are really making money and my supplies are on daily basis. so at the end of the day, the operators of the shops just call me and they give me the quantities they will need for the next day and i go to a retail and get them and just supply. then also i am paid instantly.
i choose this kind of business because as of the time i left high school, i did not have a lot of money to start something big. so when i say the opportunity in this business, a family member opted to help me out with the starting capital, however, i was able to repay her in just three months and made enough money to now do business on my own so i remained there.
Then one thing about this business is that you make up to 57% on your invested amount. i have been saving actually and i stay on part of my profit and help my parents too with about 30% of the profit i make in a day....
the dream i have is to be able to trade on large scale because the demand is huge and my dream is to do this business and buy application forms and apply to the university of Ghana next year since i can combine learning and supplying at the same time.....
Loan Proposal
If and when my loan is fully funded, i will be using the full amount to purchase stock of A4 sheets of papers so as to supply to the photocopying shops at the university of Ghana, legon. that has been my business for more than five years now actually.
...............so i will buy five cartons of A4 sheets at an amount of $50 and then i will buy three small boxes of printing ink at the cost of $30 and finally i will buy some binding materials as well for some $ 20
therefore all put together will make a $100.
this activity of mine help make photocopying so easy and accessible to all the students on the university of Ghana campus. then to myself, it makes me a living and will go a long way to help me save towards my higher education after staying at home for barely five years since i completed high school...i also expect my profit to shoot up to about 40% since the loan when funded will help to purchase more stock and that means more profit but then, i will have to work more hard for which i am willing to do..
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 20, 2015
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Newport, United States
United States
Ask Sarah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.