To increase stock for my business of selling cosmetics

Juliet Ashiagbor

Accra, Ghana

13% paid forward

Follow Juliet

How it Works

Entrepreneur

Name

Juliet Ashiagbor

Member since

August 2014

On-time repayments

379 installments • 76%

About Me

I am Juliet Ashiagbor, 36years of age and ghanaian. I have three siblings. i hail from the volta region and stay at Dome pillar two. i hold a first degree in business administration, Accounting. Am also a beadmaker.
Growing up, life was smooth. My parents did all their best to cater for us. Things became a bit difficult after we lose our mum and later dad retired from active service. Being the first born, i had to fend for the family hence my enrollment in bead making . Am enthusiastic about all i do. My joy is seeing others happy.

My Business

In 2021, i started a food business and went on to enroll for a cooking school. Food is a basic need and Ghana is no exception. Food plays a vital role in our gatherings- marriage, funeral and many more. There is a very large market for this business in my country, especially now that lots of people are busier. I sell to individuals, homes and corporate entities.

I own a cosmetics and personal care business, import and consultancy business. The businesses are ran separately one from another.
I typically make between 20% to 40% profit from the cosmetics business. I reinvest my profits back into the business and also cater for the family. My difficulty now is to raise an amount enough to help me purchase more stock due to higher demands. This fund will help me bring the transportation cost down drastically and also stock more goods for customers.

Project Proposal

Many people are much concern about giving their skin the necessary care. This has placed a higher demand on beauty, cosmetics and personal care products.
Giving this loan $782 I will increase the quantity of the supplies in high demand. Restocking in shorter periods eat into my profit due to transportation cost.
The loan of $782 will used in this way- $770 will be used for purchase of goods, $12 for transportation.
I will pay back this loan through the proceeds from the sales from my businesses and job