Wheat flour, sugar and margarine for my bakery

Entrepreneur

About Me

Hi, my name is Baah Emmanuel. I am 25 years of age. At the age of four, I lost my father. My parents were farmers so I helped my mother at the farm. I was very determined to go to school so my mother helped me little by little. When I completed Junior High School, I started a small bakery to support her. I was able to raise a little money and with the help of my mother I went to High School. I used to come back from school to work at the bakery. I saved small money by three years time and enrolled at the University. I am currently in my final year at the University and still doing the bakery business.

My Business

I bake bread and supply to local store owners and collect the money at the end of every week. I use wheat flour which cost GHS 180 per bag, sugar which cost GHS 220 per bag and margarine which cost GHS 240 per box and some other minor ingredients. Mostly I buy these items on credit and pay at the end of the week with an interest of about 19% on these items. i have to accept it because that's the only choice I have. I pay all the expenses at the end of the week and save part for the business and part for my school. I recently bought a new large oven to support the old one.

Loan Proposal

With the help of this loan, i will buy 3 bags of sugar which is $129, 3 bags of wheat floor which cost $105 and 1 large box of margarine, $120. I would have paid $30 as weekly interest if I buy these items on credit. This would amount to $120 monthly. This will boost my income to $204 monthly. I will therefore pay for Zidisha's weekly installments and save the rest for expansion of the business and my education.

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