To rent a garage for detergent production

Akpene

Takoradi, Ghana

Funds disbursed

$0 to go

100% funded of $474 goal

0

days left

Entrepreneur

Name

Akpene

Member since

January 2014

On-time repayments

97 installments  •  6%

About Me

I am a young, vibrant and energetic young lady from Ghana. i am hardworking and very inventive. I plan to become the owner of a large retail business in the near future. I am the first of 4 children. My parents are both retired teachers and they live in Hohoe, Volta Region. I live in takoradi with my younger siblings. The youngest is a girl and is still in Senior High School in fijai. The other 2 boys help me in my detergent supply business. I have a diploma in business Administration from the polytechnic. I started this business because of how hard it is to get a job in Ghana and also to be able to support my little sister in school and also fend for the rest of my siblings.

My Business

I run a detergent supply business. I buy dilute concentrated detergent and mix into various fragrances and supply to hospitals and restaurants in my area. I operate from home and supply using public transport. I started by borrowing some money from a local microfinance company. I paid everything within 3 months and made profit. I spend about $400 every month to buy gallons of detergent. When i mix and resell, i make 30-50% profit. i.e. $150. The market for this business is good because unlike other sellers i supply directly to the doorstep of the hospitals and restaurants. This i believe gives me an edge over others who wait for buyers to come to their shops. Also i have over 10 different fragrance mixtures i develop myself. I want to grow this business and expand into other areas. I want to reach more people and to do this i will purchase a small van and also rent a small garage and move the business there. I look forward to much support from Zidisha to achieve my aim.

Loan Proposal

i am very grateful to all lenders for my previous loan. thank you all very much. i will use this amount to rent a small garage for mixing and producing my detergent. the previous loan was very helpful as it helped me to raise my profit margin. now the next thing i want to do is rent a place for the production and move the production from my room. with the good demand and rapport i have with my clients i will make more sales and profit and pay back well within time. thank you once again.

Feedback

2

None

2



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$474.00

Date disbursed

Mar 8, 2014

Repayment status

Late

Projected term

21 months

Other loans

Lenders

C

chkuo

Taipei, Taiwan

Silver

Steiermark, Austria

Cordula

Cologne, Germany

O

Orchidx4

Seeleys bay, Canada

D

DThirteen

Miami, United States

basicus

Cairo, Egypt

fairspirit

Utrecht, Netherlands

S

Serene

Philadelphia, United States

C

CZC

Lake Zurich, United States

C

cranejoad

cazenovia, United States

H

Haavard

Bergen, Norway

E

EjLehar

Galesburg, United States

M

mmatuzak

United States

K

kschmitz1

United States

A

anajoe812

United States

D

dewaldlouw

South Africa

Ask Akpene a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...