25 installments • 52%
Hello everyone, my name is Elizabeth Frimpong. I hail from Kwawu Pepease in the Eastern of Ghana. Currently, I reside in Tema in the Greater Accra Region of Ghana. I am the proprietress of Elli's Perfumery a retailer of undiluted designer perfume oils.
My ambition is to open my first retail shop in 2021, at the moment I retail my products online and on social media.
My previous work experience includes working as a retail supervisor at The Farmer's Market which is a fruit and vegetable supermarket in Tema(website: www.thefarmersmarketgh.com). I've also worked at Pan And Cook a popular dutch street food vendor of poffertjes, a traditional Dutch batter treat, at the ANC Mall in Achimota Accra.(website: www.panandcook.com).
I have decided to utilize all the skills and experience I have acquired from the retail and service industry to establish my own business in perfumery.
Thanks for reading.
Elli's Perfumery a retailer of undiluted designer perfume oils sourced from perfume manufacturers in Dubai and France. Currently, I retail my products online and so social media as well as distributing to shops in Accra and Tema.
Everybody loves to smell good and fragrances are an essential personal grooming product. What differentiates our products from the rest is the fact we sell pure undiluted perfume oils ranging in quantity from 3ml -100ml bottles.
The 3ml bottles retail for GHs12 Ghana cedis which is broadly affordable to the average Ghanaian.
I chose to sell perfume oils because they're in demand, high quality and affordable for the average Ghanaian, and also because they sell very fast.
1kg canister of perfume oil ranges from a GHs650(including delivery). From this, we make a revenue of GHs3996 Ghana cedis. Lable printing, packaging, empty perfume bottle purchases and branding cost an extra GHs1000-1200 Ghana cedis per 1kg bottle.
I reinvest profits back into the business to acquire more stock and also I plan to open my first physical retail shop in Tema this year.
1. I will buy more canisters with the loan
2.I can be able to meet customer demands
3.My profits are stady
The pandemic hasn't affected my business in any negative way, therefore, am eligible to repay this loan. Though we're facing difficult times am able to move freely to sell my products to my customers.
May 9, 2021: Intro to elli's perfumery
May 10, 2021
Cost to entrepreneur
Service fee: $9.12
Credit risk payment: $36.84
Optional expediting fee: $18.36
Jul 4, 2021
|Expected Payments||Actual Payments|
|May 23, 2021||$64.49||May 23, 2021||$64.49|
|May 30, 2021||$18.73||May 30, 2021||$18.73|
|Jun 6, 2021||$18.73||Jun 6, 2021||$18.73|
|Jun 13, 2021||$18.73||Jun 13, 2021||$18.73|
|Jun 20, 2021||$18.73||Jun 20, 2021||$18.73|
|Jun 27, 2021||$18.73||Jun 27, 2021||$18.73|
|Jul 4, 2021||$64.49||Jul 4, 2021||$64.49|
|Jul 11, 2021||$35.16||Jul 4, 2021||$35.16|