Entrepreneur
Name
Francis
Member since
August 2015
On-time repayments
126 installments • 99%
About Me
I was born in Berekum in the brong ahafo region money to start school was a problem but my mother engaged in small trading and that is what she used to look after us in school sometimes we have to go and sell before we can get money to school.we manage with that situation untill completion of school.I intend getting a business so that I can support my siblings and when there is extral income then I extend it to the community.there is poverty in my community and I wish to make inpact by touching the lifes of the poor ones.my children want to be doctors.they also wish to work to assist the society.
My Business
The name of the bussiness is Daany's cometics shop.
It deal with various comestics including spray, pomade and others.
These goods and services are so important in my area because in my community we havee schools around and students work long distance before going to buy such items from the market so I decided to bring it close to them.
I did checks in my community and got to know that this is the type of bussiness that will move for me
I started with 250ghs and within two years the capital has grow up to 1500ghs . The profit we get out from the bussiness is uesd for reinvestment use some to look after my sibblings and look after some few adopted poor peoples in my community.if am able to secure your loan and expand my bussiness I intend using some my income to establish NGO to assist the needy needy ones
Loan Proposal
When granted the loan, I will use it to buy more cosmetics such as creams ,pomades, soaps of all kinds,perfumes of diffrent kinds,liquid soaps of diffrent types,shampoos of all kinds,hair relaxers and so on in my shop and part of the money will be used to make shelves to house the product when granted the loan and acquire these product for sale ,I will be able to increase my profit margin by 5%after paying all my utilities .my shop will be expanded if given the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$94.00
Date disbursed
Aug 19, 2016
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
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Margaret Nov 4, 2019
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