Buying of building plot to relocate business

Entrepreneur

About Me

My name is Ofori Yeboah Enoch, I come from the Brong Ahafo part of Ghana , am a fourth born child in a family of six children ,Our father died when I was still in high school and that made the turning point of our life, My Mum who was a nurse then had to struggle to pay school fees for all of us and also provide basic needs for the six of us.
We all worked hard in school and during holidays and weekends we would help mum by hawking groundnuts sweets and soda to supplement her little earnings, we were supportive of each other and would allow Mum to buy us uniform in terns since she could not handle all the pairs at a go , but all in all we made it thru the Grace of God. Am now a teacher.

My Business

Genuine bakery deals baking and selling of bread. My aim now is to buy a flour and magarine and other things that we assist me in the bakery services. Since I am a teacher I want to employ more people to assist them to have a knowledge in small scale business.
The profit made is used paying the workers that I employ into the work and I use some to help my junior siblings who are also in school going ageI will pay my loan through my sales as stipulated in our agreement, thank you for considering me, it’s a great honour

Loan Proposal

When I am been offered the loan I will purchase a building plot which cost 643 dollars and use 263 dollars to purchase 10 bags of flour and three boxes of margarine to add to my stock.
This will help me expand my business and employ more people into the work.
I am currently working with two people under pay and two apprentice.
For my income I am expecting a cumulative increase 15% rise monthly.
I will use 10% for repaying loan and 25 percent for salaries and 25% for domestic use and the rest for savings.

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Loan Info

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