Expanding the products base of my supermarket

About Me

I am rearly known by the name Margaret Kyeremaa this is because people normally call me madam business. Life has not been easy fore less the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region Ghana. I completedy basic school in one of the schools in the townand furthered to finish Secondary school. After completion and hoping to further the bread winner of my family thus father lost his job and this lead to thinking and stress and later lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying sucess on hope and miracles. I started some petty trading whereby i sell on the streets and various homes. This lead to further initiative to open my small store at a vantage point in Other yo attract cuatomers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education hence i decided to enter into business for survival.In our part of the world, is difficult to excel in business simce there are no motivation and resource development. Business on the other hand to education is the establishment of oneself to the benefit of the society with which both the initiator and the environment receives benefit. My store is located in Berekum a town in the Brong Ahafo. Specific location is at Kyiribaa where by i sell daily consumables like breakfast products, detergents and provisions. These products i retail to my community are very useful because they use them daily that i why i have named it dily consumables. Their demand is very urgent example sugar, toilet roll, bread, milk, soap, etc. Cost and reenue functions are important in establishing how profitable or loss the business is. My capital was very less since i started the business with 250$ 3 years ago. With the help of zidisha i have been able to raise the stock and Asset level to about 900 US dollars as at now. My expenses are my daily consumables, utility bills and a helping hand i give to my younger brother and sister thus their school fees.Some investment are been made with the remaining profit in purchasing of secomd hand clothing and reselling. These clothing are highly purchased in our part of the world. Have started and business is moving on smoothly. I have opened a new store where i sell this clothing. I would like to purchase a bale of clothing which cost about 700 US dollars. After sales the principal and the profit is estimated about 100 dollars which is a good business.

Loan Proposal

Loans when used exactly for their purpose help the borrower to fulfill his promise to the lenders. These were the last words of my father who was then the bread winner of my family before he passed away. He left nothing but gave me this advice before he left. you planned of what to use the loan for and calculate how you are going to pay it before getting the loan. But when the initial plan changes after getting access to the loan its time of payment also changes. i had this in mind and since inception has gone a long way to help boost my business whenever loan is acquired.
when i get access to this loan, i will rush to the wholesalers and purchase a list of these daily consumables in order to attract all buyers in my area since am now leading the market there. they need to at-least get 95% of their daily consumable needs at my joint.
By so doing i become a reliable retailer with my buyers having in mind that whenever i get to madam business joint i will get what i want. this is helping my business a lot. If am able to invest 600$ in my business i will be able to get a profit of of 190$-250$ a week to settle my loan in installments and using the rest for other necessities in life. thank you