Bulk items and chairs to expand my cosmetics business
Francis
Berekum, Ghana
100% repaid
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
I intend using the loan to purchase more bulk items such as,sprays,toilet rolls,pads,hair pomade, hair creams of different types wigs,combs and many others.i will also used some to buy some plastic chairs at my shop to serve my customers.below is the cost of items i want to buy,hair wig 67 dollers,hair food33 dollers,hair shampoo 22.5 dollers,combs 20 pieces 9 dollers,toilet rolls 9dollers powders 27 dollers,body sprays 1pack 22.5dollers two plastic chairs for customers 18 dollers,medical soap 22.5 dollers pampers22.5 dollers.this will enable me to expand my business and therefor employ additional two workers who asisst In retail.when i am able to do this it will attract more customers to buy from me.this will help to raise my profit margin by 30% and go a long way to enhance my living standard and my community
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$337.00
Date disbursed
Aug 31, 2017
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Washington DC, United States
United States
United States
Ask Francis a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Margaret Nov 4, 2019
Loading...