Stocks of buscuits for sale

Enoch

Accra, Dansoman, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Enoch

Member since

January 2015

On-time repayments

6 installments • 67%

About Me

My name is Enoch Diez and I am a Ghanaian. I was raised in an orphanage, charity center at the very early stages of my life until I was 17 years when the organization faced financial constraints and that forced the inmates who were at my age and stage out of school. So upon leaving the center I stayed with my senior brother who was already struggling himself so I could not complete high school even. I did a lot of menial jobs to earn a living and in the process, I began selling biscuits along the streets of Accra. That has since been my business. It is not really on a large scale, but my hopes are that I will be able to raise a loan via this platform so that I can open my own grocery shop. As I speak, I have a place where I can build a very small shop inside dansoman market, but the capital to go for stock to fill the shop is my problem now. And at the center, we were taught integrity and hard work and that has been my strength all this while and I know that if I do not give up then I will surely get there. I am appealing to this platform to help me with a loan to build my business and grow from there.
thank you.....

My Business

I am into grocery business, selling biscuits of all kinds. Consumables are always in high demand hence even though I do not have a shop but have to roam along the streets of Accra with my stocks , it is still very profitable...I have chosen this kind of business because at that material time that was what my capital could afford me and also due to the profit margin which is very high. If I buy a box of biscuit for instance I make 50% profit of the cost of the inventory and I can sell about three boxes in a day . I invest the profits and use part of it for saving small small and the remaining for my up keep.

Loan Proposal

when my loan is funded, i will use $20 to start with the construction of my grocery shop and the $30 to buy six boxes of buscuits for sale.actually any $5 box of buscuit i buy to resell, i will make $2.5 as profit. hence i expert my profit margin to increase to about 50% than what i am making now....