To acquire capital to boost my clothing work

Entrepreneur

About Me

My name is Akoto Simon, a native of Tanoso Kumasi and i am 31 years of age. I completed my basic education at Tanoso Roman Catholic School and continue my secondary at Premper Colleage at the year of 2003 and later advance my tertiary education at University of Education Cape Coast. After i completed my tertiary level i strugle to get a job so deceided to do a small business so that i will get money to cater for my family.So i started with an a amount of 300$, with the business. where i live as a man you are the head of the family so you need to strugly to cater for your famiy, i managed to start my own business.

My Business

In my business i started with a capital of $300, where i sell both clothes and shoes both men and women, in the community where I live. I sell these items because of their qualities and its goodness. It is quick in demand.The main reason why i choose to do this business was that, in my community where i live the peoples used to go to a far place before they can afford this goods and now through God will, the business is growing more than my expectation and now the cost of the goods is about $700-$900 and the total revenue is up to $900. I used some of my profits for investments and other for my children school fees and some also for my family catering. I am appealing for you to grant me with this this loan to expand the business so that i will get more profits and meet my demands.

Loan Proposal

I buy and sell used cloths and foot wears for men and women. The clothes are sold at cheaper prices because I bought at cheap prices too. the various prices ranges from $4,$5, $6, $10......etc and sold at 5% 0f the amount bought. I usually use the profit to make an investment and also care for myself and my family. I really appreciate the effort made by my lenders for granting me with the first loan. Now The second loan is at hand the assurance is that the effort i used in paying the first would be doubled to ensure that the second loan is also paid. My over all capital for this business is $600 and I need $500 in addition to enable me increase my standard of life!!!!!!! Thanks

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