To rent a garage for detergent production
Akpene
Takoradi, Ghana
$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.
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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
South Africa
South Africa
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