To expand my electrical shop

Emmanuel

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Emmanuel

Member since

May 2015

On-time repayments

29 installments • 90%

About Me

Emmanuel Yeboah is my name. I come from Berekum in the Brong Ahafo Region. I started my basic school at Presby Basic School in Berekum. I furthered my education from there to Berekum All for Christ Senior/Technical school. My parents are Teachers by profession. I am the general owner of Emma electricals. I chose this kind of business because my place or area is very good in that business and that place was where I was brought up. Because my place is a new site and people travel to Berekum for their electrical gadgets . If am being given $200 in a week I can get $40to $50 profit a week. The loan will also help me to expand my business and also employ more people.

My Business

Emma electricals is the name of my shop. I started this shop in my area because there a lot of people in that area and they will be needing these products for their works. Since I started this business, I can see that people are always at my shop purchasing. The main products are iron, wire cables, bulbs, building installation materials and many others which people rush to my shop daily for these products . If I invest let say $ 200 within a week I can get $50 profit because as soon as I bring the goods community people come in and purchase them. My business capital is small and I need money to purchase most of the products in order to attract more customers as far as the community population is concerned. The profit will also be used in reinvesting

Loan Proposal

Please if you grant me this loan i will use it to purchase electrical materials such as iron,wire cables ,bulbs,building installation materials among others in order to expand my business .I will need about 250 dollars to purchase the items. this loan will help me to earn a living and also to enable my neighbors to get easy asses to my items and purchase them at a convenient time .If i get this loan it will increase my profit from 40% to 50% ,I hope my application will be granted in your high office . Thank you .