Making detergent to support my daughter's education
Sarah
Berekum, Ghana
3% repaid
Entrepreneur
Name
Sarah
Member since
April 2015
On-time repayments
219 installments • 25%
About Me
I am a 20 year old lady who started her basic education at the St. Monica's primary and Junior High School. Unfortunately for me I had to drop out due to financial problems. At the beginning, things weren't that easy but through hard work and determinations, I could achieve something out of nothing. My big brother came with an idea that we should begin our own business. He wanted us to do some soap and detergent, sorrelle drink and fruit drink business. Well, we started alright but the challenges were so much that he almost quit. I love to watch local movies and listen to music.
My Business
The business is actually into soap and detergent and cosmetics and drinks production. For now, we manufacture liquid detergents and sorrelle drinks. These products that we manufacture are in a high demand because people use them everyday. Our products in particular are also affordable and provide many benefits. The liquid detergent does not just cleanse clothes but also provide the skin with some protection due to the addition of humectants and vitamin E. We chose this kind of business because we felt we needed to begin something to earn some money to support support the family and my child's education. The products come with affordable price and are quality. The revenue for now is about GHS 6,000. I wish to reinvest my profit and also use most part to take care of the house.
Loan Proposal
My daughter is now above 2 years and ready to get to the classroom but as a lonely mother, this may require the help of good people to be a reality. Therefore I honestly beg for your support. When I receive this loan, I will use part to pay for my daughter's school fees, buy chair and table, napkin, school uniform, school bag, some items requested by the school such as toilet roll, baby diapers, cloths, tissue paper, socks, shoe, sandals, food flask, water bottle and many more. According to the school, the admission fee alone is $120. So the admission fee with the items requested, may amount to about $200 without the child's feeding fee. So like I said, I will use part of the loan to pay for these.
For the second part of the loan, I will invest it in my business. I will use the money to buy some little but necessary equipment such as pH strip, blender, plastic tables, benches and instruments, chemicals, ingredients, motor bikes and items for my manufacturing company. This will also cost around $140.
Getting the loan can help me send the child to the best school for better education and also help me run my soap, food and cosmetic business.
Thank you and God bless you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Sep 9, 2016
Repayment status
Late
Projected term
36 months
Other loans
Lenders
Belfast, United Kingdom
United States
Brussels, Belgium, Belgium
Jake Gibson and Beverly Picardo
San Francisco, United States
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