About Me

I am Thomas Kwame Billa,30 years old, am married and I live in Sunyani . Professionally , I am an Accounting officer . After I completed high School I had good grades but cold not go to the University direct because of finance. So I worked as a sales boy in both charcoal and fish for four years before furthering my education . I then proceeded to the Polytechnic where I read HND Accountancy as my programmed of study and proceed to Kwame Nkrumah University of Science and Technology where I had my first Degree in Bsc. Business Administration Accounting. My passion is entrepreneurship . My desire is to owe a group of companies .

l am into Hire purchase business where I deal in cloths, ladies panties, ladies under wears, ladies slippers, braziers, men singlets , boxer wears, materials etc. The name of the business is TRUST GOD HIRE PURCHASE.

The goods are useful and of hire demand because they are goods of necessity which human cannot do without. This is because after eating, one must cloth him or herself without walking naked.

I chose this type of business because it is most flexible for the clients to afford in terms of payment since it does not involve "cash and carry" that is instant cash payment for the goods. I give the goods to my client on credit by taking an initial deposit and with the support of my wife she goes round everyday to the clients and take the money in bits for the one month period.

The typical cost of the goods are the purchasing cost , transportation cost and delivery cost to clients since that one involve boarding a taxi from area to another. With the current cost I incur for a consignment 470 US Dollars . 400 US Dollars is the cost of buying the goods from the distributors and then 70 US Dollars for transportation to my destination of business and delivery cost to client in their various areas .

The business is so lucrative with only 0.1% risk of default for the one month period of payment . Some of the goods are bought at a unit price of 10 US Dollars , 8 US Dollars, 7 US Dollars and others 5 US Dollars and 2 US Dollars.

Therefore the revenue stream is as follows; A profit of 5 US Dollars is added to each of the unit price of the goods with the fact that the goods are given out on credit without taking instant cash and also,by taking into consideration element of inflation and price changes in the market. However there must always be an initial deposit before the products are delivered to the clients. The profit gain is reinvested in growing the business.

Loan Proposal

Hello my precious and able lenders, I would like to request for additional funding of of USD 104 my previous loan has been very productive. My business is taking better shape now. I would want to increase my stock to 30 pieces of cloths and also increase the other wears by 3 dozens each. This will help me make more profit since there is not more than 1% default in my sales with strategy am using. I will sincerely appreciate it if I am am funded this loan and I will definitely pay it back on time I honestly promise as i paid the first loan . Thanks you so much for your support .

thanks so much my able lenders for the previous loan granted me. This is my seventh time and I wish to apply again for you assistance to enable purchase more inventory into a new shop i have just rented. The clothing business coupled with the sale of plastic bowls, utensils, etc are very lucrative at my area but it always need much capital. I will therefore be very much grateful if I should be assisted again to stock this new store of mine.

I promise to pay back the loan without any default as I have always done since the day I joined zidisha. Thank you and God bless you all my precious lenders.