Printing materials for my supply business

Shirley

Abakrampa, Abura Aseibu Kwamankese District, Cr., Ghana

7% repaid

Entrepreneur

Name

Shirley

Member since

July 2015

On-time repayments

8 installments  •  0%

About Me

My name is Shirley Adu Boahene from the central region region of Ghana, and I am a trader and businesswoman. I am the second of five children born to my parents. My father died in my senior high school days and my mom had to take care of the five of us alone. As a result of financial difficulties, I could not proceed to college although I had very good grades. I took to supplying A4 sheets to the photocopy shops at the University of Cape Coast at a very early age, to which I used the profit to take care of myself and help my mom to raise my other siblings. So this is how come I came to start this business of selling and distributing A4 papers in large quantities. Initially when I started, I was trading on credit. I took to sell and paid later but, as time went by, I was able to save to purchase to sell.

I am a very dedicated Christian who believes in working hard. I spend my free time -- which is not often because I am always working -- to rest and think through my business and how to improve it. My dream as of the moment is to be able to trade in these A4 sheets of papers and supply to on a bigger platform since it is very profitable. I listen to songs a lot and mostly country music from Kenny Rodgers.

My Business

I deal in printing papers and I only supply them to more than 12 mini printing and photocopying shops in the University of Cape Coast. These are highly in demand, since in our part of the world most of the materials given to students are photocopies, so those involved in this business are really making money and my supplies are on daily basis. So, at the end of the day, the operators of the shops just call me and they give me the quantities they will need for the next day, and I go to a retail and get them and just supply. Then also I am paid instantly.

I chose this kind of business because, as of the time I left high school, I did not have a lot of money to start something big. So when I say the opportunity in this business, a family member opted to help me out with the starting capital; however, I was able to repay her in just three months and made enough money to now do business on my own so I remained there.

Then one thing about this business is that you make up to 50% on your invested amount. I have been saving actually and I stay on part of my profit and help my parents too with about 33% of the profit I make in a day. The dream I have is to be able to trade on a large scale because the demand is huge, and my dream is to do this business and buy application forms and apply to the University of Cape coast next year, since I can combine learning and supplying at the same time.

Loan Proposal

when and if my loan project is fully funded, i will used the entire amount for my business...
8 big boxes of A4 sheets.............................$50
2 small boxes of stapplers............................$15
2 boxes of binding materials........................$20
3 boxes of printing/ photocopy ink..........$15
when i have these things in stock, it will help to keep me in business. i will also help me to be able to meet supply in the school because as i write, demand is very high and i only meet the aspect that my capital can allow me so if only i have stock to supply then i will make more profit since demand is daily and cash is delivered ones i supply.
with this new development, and my calculations, i expect profit to be around 46% of the invested amount ......
with this profit, i can repay the loan and also make some money for my upkeep and also save towards my education.......

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Aug 25, 2015

Repayment status

Late

Projected term

8 weeks

Lenders

B

blahblah

Nuernberg, Germany

N

Navigator

Alavus, Finland

Agerfar

Aarhus, Denmark

mepster

San Francisco, Ca, United States

S

Selloman

Geesthacht, Germany

PG

Paul Graham

United States

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Summary

Amount repaid

$7.25

Amount remaining

$90.00

Expected completion

Oct 25, 2015

Status

Repaying late

Installment amount

$12.50

Repayment History

Expected Payments Actual Payments
Sep 6, 2015 $12.50 Sep 8, 2015 $7.25
Sep 13, 2015 $12.50
Sep 20, 2015 $12.50
Sep 27, 2015 $12.50
Oct 4, 2015 $12.50
Oct 11, 2015 $12.50
Oct 18, 2015 $12.50
Oct 25, 2015 $9.75

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