Stock purchase for elli's perfumery

Elizabeth Frimpong

Ghana, Ghana

Funds disbursed

$0 to go

100% funded of $345 goal

0

days left

Entrepreneur

Name

Elizabeth Frimpong

Member since

March 2021

On-time repayments

25 installments  •  52%

About Me

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.

My Business

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.

Project Proposal

I am building up my stock levels with these loans. This will help me to scale my business. I buy my stock at wholesale prices, I am trying to raise a sizable sum of capital to bulk buy. This will create new revenue for me as a local distributor of perfume oils. I appreciate Zidisha for providing the opportunity to access capital for my business, I only wish the process wasn't so slow, the fees and charges build up over time for these smaller starting loans. Thanks

My Videos

May 9, 2021: Intro to elli's perfumery

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Project Info

Project Type

Pay It Forward

Disbursed amount

$345.36

Date disbursed

Jul 9, 2021

Cost to entrepreneur

Service fee: $12.66

Backers

Paul Buchheit

Mountain View, United States

Rejouce Mungalaba

Lusaka, Zambia

Victor Kudefia

Asuom, Ghana

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

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  • Christian Golo    Nov 24, 2021

    I called Elizabeth several times but she couldn't answer my calls. Would keep trying her

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  • Vincent Adu Kodom    Jul 29, 2021

    I have called Elizabeth and she was very good to me and she told me will make payment by ending of this month

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  • Elizabeth Frimpong    Jul 9, 2021

    Hello, thanks for the loan.

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  • Elizabeth Frimpong    Jul 8, 2021

    Sales are going steady and I am still building up my to avoid any shortages in the future. I will post photos soon. Thanks

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  • Elizabeth Frimpong    Jul 4, 2021

    Hello Paul, thanks for the loan. I will use the funds to buy stock for Elli's Perfumery. My dream is to grow my business to become the number one brand for natural perfume oils in Ghana. I hope to acquire a small shop in the near future and I'm building up my stock levels in anticipation of that.

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  • Elizabeth Frimpong    May 30, 2021

    Had a health emergency therefore affecting business.. I just need few days to recover and I'll be back to work effectively.

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  • Elizabeth Frimpong    May 10, 2021

    Thanks for the loan.

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  • Elizabeth Frimpong    May 9, 2021

    The loan has helped me to increase my stock purchase, therefore, being able to introduce new fragrances to my customers.
    There's an increase in demand and I need a larger amount to purchase efficient stock.

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  • Elizabeth Frimpong    Apr 28, 2021

    I will buy stock for my business with the loan. The loan will help me buy stock for my business. Thank you for the loan.

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  • Elizabeth Frimpong    Apr 28, 2021

    I purchased stock to keep my business ticking over. The new purchase didn't increase my income by a significant amount, but I can meet demand at least. Ideally, I'd like to raise a larger amount so I can get a decent amount of stock.

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  • Elizabeth Frimpong    Apr 27, 2021

    I used my previous loan to purchase stock for my business.

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  • Elizabeth Frimpong    Apr 21, 2021

    Hello lenders, thanks for the loan. I received 302 GHS and bought 6 x 50ml canisters of perfume oils from my supplier. Business is good and I'm looking forward to increasing my stock in the near future.

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  • Elizabeth Frimpong    Apr 9, 2021

    I will buy more stock from my suppliers with the loan so I can maintain healthy stock levels to meet customer demand.
    Thanks to all my lenders, you're appreciated and I promise to repay my loan on time as agreed.

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  • Elizabeth Frimpong    Apr 7, 2021

    1. I received Ghs 115
    2. I will place an order for 5 x 50ml canisters of perfume oil, 50 x 3ml perfume bottles, and 50 x 6ml perfume bottles on 04/08/2021. I will upload pictures of the order soon.
    3. Big thanks to all my lenders, your trust in me is not misplaced.

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  • Elizabeth Frimpong    Apr 3, 2021

    1. I will Perfume oil to restock my inventory
    2. I will use the loan to supplement my capital to purchase stock
    3.Thanks for the loan, Isaac. It will be repaid on time.

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  • Elizabeth Frimpong    Mar 20, 2021

    Hello, is anybody available to talk to in this organisation. My "volunteer mentor's" phone number hasn't worked once.

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