To stock my provision store

Anane

Kumasi, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Anane

Member since

July 2015

On-time repayments

45 installments • 44%

About Me

My name is Anane Elizabeth. I come from Juaben in the Ashanti Region of Ghana but I live at Anloga in Kumasi. I started my basic school at Esereso Junior High School, I furthered my education from there to faith senior high school in Kumasi. i have three brothers and two sisters. My father is a farmer and my mother is a trader by profession. I am the owner of Amazing Grace shop. I choose this kind business because my place or area is very good in that business and that place was were I was brought up. Because my place is a new site and people travel to Kumasi central market for daily goods. If am being given $100 in a week I can get $20 to $35 profit a week. The loan will also help me to expand my business and also employ more people. When I completed my secondary education I was employed in a supermarket and began to identify the needs of the community. With the little savings i made I started my own provision shop. I can see that the community need these daily items in their homes and with these I can also help my little brothers and sisters and also help the needy ones in my community.

My Business

Amazing Grace is the name of my provision store. I started this shop in my area about two years ago and because there a lot of people in that area and they will be needing these daily items and food for living. Since I started this business, I can see that people are always at my shop purchasing. The main products includes, cooking oil, milk, bread, tea, sugar and rice which workers rush to my shop daily for these products. Also laundry products like, soap, soap powders and detergents are sold in my shop. The main motive behind me choosing this business was that, everyone will need this in everyday life. If I invest let say $ 100 within a week I can get $30 profit 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. The profit will also be used in reinvesting and also taking care of my family.

Loan Proposal

Am seeking financial assistant from lenders purposely to support my business by bringing in more products to stock my shop. Some of the products I will be buying are milk, detergents, soap, rice, sugar which people rush in to purchase every minute. I assure you that, i will use the money solely for it purpose in other to attract more customers and help grow my business in order to repay my loan. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 35% profit within a week to payback the loan. I am pleading to lenders to assist me in making my dream come to reality. Thank you.