To expand my provision store

Frimpong

Berekum, Ghana

49% repaid

Entrepreneur

Name

Frimpong

Member since

July 2015

On-time repayments

42 installments  •  36%

About Me

I am Enoch Frimpong, i am cool and understanding and also hardworking person,i grew up with my 4 siblings and i am the eldest, i start taking care of my siblings because my dad got mad and my mum cant take care of all of us so i decided to assist my mum to take care of all of us ,so i started selling ice water after school at market places,till one day when a certain woman in her provision store ask me to come and work with her so after consultation with my mum she agreed so i join her in the store, so when she pays me then i give to my mum and she will use to cook for us all, i work with her for many years till i completed my Junior High School that i ask her to assist me with some money to open my own store which she agreed.And through this woman i am now having my own provision store but i am not closer to her at all because i don't want her customers to come to my store to buy so i have moved far away from her place to get my own place.But i am fine with her till now.I wish my children becomes pilot,teachers and lawyers in future and my hobby is swimming.

My Business

i now have my own provision store and i am selling Milo,sugar,Nido. biscuits,chocolates,sardines,soaps,milks,toffees, toothpaste,all kinds of drinks,pens and pencils, exercise books,maths sets,chalks etc. all the students here come to my store to buy from me, parents come to buy from me and because i am the first person to have open such a provision store they don't go to town again to buy things because everything that they need i have it here,and the cost of their lorry has reduced,i chose this business because it moves fast in terms of selling and people also patronize it a lot. i spent a lot of the money into the store because anytime you have to sell so that the goods wont get expire, so i use the money to get goods outside and sell them and this keeps attracting more customers for me,i use the profit to get new things into my store and also use some to pay for my child's schools fees and his up bringing.

Loan Proposal

I WILL USE THE LOAN TO BUY MORE GOODS LIKE MILOS 30DOLLARS, SUGAR 25DOLLARS, SARDINES 70DOLLARS, RICE 85DOLLARS, BOOKS 56DOLLARS, PENS AND PENCILS 45DOLLARS,IF I GET THIS LOAN IT WILL HELP ME GET MORE GOODS INTO MY STORE AND I EXPECT MY BUSINESS TO MOVE TO ABOUT 50 TO 60 PERCENT PROFIT AND I WILL USE MY DAILY SALES TO PAY MY LOAN AS EXPECTED.THANK YOU

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 20, 2015

Repayment status

Late

Projected term

10 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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