Loan to boost my boutique business

Twum

Sunyani-odumasi, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Twum

Member since

February 2016

On-time repayments

85 installments • 48%

About Me

Am called Twumasi Michael. I am 29 years of age, fair in complexion and moderately built. I come from Sunyani-Odumasi in the Brong Ahafo Region of Ghana. I am in a family of seven and the second son of my parents. I had my primary and Basic Education at the Odumasiman Demonstration Primary and J.H.S and furthered at Sunyani Senior High School in the Brong Ahafo Region of Ghana. I pursued an HND course in Marketing at the Sunyani Polytechnic (S-Poly) in Ghana. I am married to Mrs. Comfort Frimpomaa with two lovely kids, Lordina and Peter. I am self-employed. I run my own mini boutique where I sell all kinds cloths, both second hand and brand new (Already made). I entered into this business due to the high demand for cloths in my area. Over the few years of my practice, I have been able to employ one person who give a helping hand at the shop. The food I like best is plain rice and beans stew. My hobbies are reading, watching movies and art work.

My Business

I started my mini boutique with the name"THE BASE SPECIAL BOUTIQUE" in the year 2012 with the capital of $250.00. I sell all kinds of cloths such as men's wear, women's wear, children's wear,shoes and sandals etc. I also sell second-hand cloths of all kinds. I have employed only one person into my business. Now I have a capital of about $750. Due to the increasing demand of cloths, my business is fast growing. I intend to open up my business to a greater height due to the high demand of cloths. I also intend to increase my profit margin from 50% to 60% by the close of the next three months. I am now working also with Herbalife which is a nutrition company and it's now in Ghana. We provide good nutrition to all manner of persons. It had boosted my business strategies and my business is now flourishing like never before. Part of the profit will be reinvested In my business so that I can make prompt payment.

Loan Proposal

I really thank you all lenders for the first loan given me. it has boosted my business very much and I need a second loan of Ghc764 in order to increase my weekly sales as it did for me at first. I will pay as usual on weekly basis. thank you very much.