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Food Retail

Fried rice production

John DoeJ
EntrepreneurMichaelLocationAccra, Ghana
Project status
100%funded
$106raised
Expiredon September 7, 2016

I had a challenging childhood experience in relation to the funding of my education , especially when my parents didn't have the required financial backing to see me through it. This challenge then became albatross on my neck and also initiated me to work early

to gather resources for my secondary and university education with the support of my parents meagre resources.

I achieved my goal to acquire university education by taking grocery on credit and selling them. I started my business when i identified that getting food to buy in my vicinity in the afternoon was difficult. Our culture is centered on the food we eat, and the way we care for our ourselves. I am single and enjoy reading newspapers on my

free periods.

I sell fried rice and chicken in my neighborhood and it is highly patronized because food joints are in short supply in the area. I chose this business because that is what

the market needs and that is what my money can afford to do. I normally spend 300 dollars on ingredients,packs,chicken etc. before the food is prepared. The revenue i

get is 400 dollars yielding a profit of 100 dollars.Some of the profits enter into the

business and some enter home improvements.

As a result of the expansion of demand in my fried rice production, I would spend the loan on two bags of rice which is 100 dollars. This will then address the short fall being encountered by me with my customers. Again, Customers who board transport and go to town to buy fried rice in relation to less quantity of produce (fried rice) will save their transport money and use it for other avenues. Customers would save time to embark on their work schedule for the day by avoiding buying food in town due to the increase in quantity of my rice supply to enhance a great deal of productivity for the individuals and the country as well. I expect to have 100% increase in profit.