To help me expand my business

Entrepreneur

About Me

Ernest Benneh is my name. I come from Berekum in the Brong Ahafo Region. I started my basic school at Methodist Basic School in Berekum. I furthered my education from there to Berekum Senior High School. My parents are farmers by profession. I am the general owner of Ernest Hardware. 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 hardware products. If I am being given $400 in a week I can get $60 to $80 profit a week. The loan will also help me to expand my business and also employ more people.

My Business

Ernest Hardware 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 roofing sheets, nails, cement, wheelbarrows, hammers, paints and many others which people rush to my shop daily for these products. If I invest about $630 within a week I can get $60profit 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. If i am giving $630 i will use some to purchased Nails, Hacksaw, Paints, Oil Paints, Padlocks, Shavel and Spade ($350), Headpan, Hammers, wheelbarrows, Keys, Measuring tape, Saw, Sanding sealers, Thinners etc ($180), and the $100 for iron roads.The profit will also be used in reinvesting.

Loan Proposal

The first loan has really help me to stock my business well. I will use the next load to keep stocking my business and it is going to help me expand my business well.
I am going to use this loan to buy newly items into my store so that it will help me increase my profit margin. There are newly introduce to products that are really moving very fast and it is currently moving in the market. I will the money stock the movable items like fast glue, iron rods, Emulsion paint, Oil paint, spade, Shavel, hammers, Keys and so many on.

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