Sale of panties and brassiers and african sandals

Entrepreneur

About Me

am the only girl among three boys and also the second born of my parents. i grew up in kumasi with my parents and siblings. my family faced financial constraints while growing up, but my parents did their very best to support us and gave us quality education. they did all kinds of menial jobs as well as petty trading to help overcome this hardship. i had good education notwithstanding, as they supported me through to the polytechnic. am currently seeing myself through the university in order to gain a first degree. i needed to do something to help see myself through school and also to provide for my basic needs as well as help my younger siblings, and that's what led me to start my own small trading. kumasi is a very beautiful city with a very rich historical culture. the exciting history of the Ashanti kingdom is what makes the city very unique in Ghana. i love reading, listening to music and solving puzzles. am a single lady yet to be married and wish to be able to provide for my kids and family in the future.

My Business

am currently into petty trading and the kind of goods that i do provide, are generally under wears for both ladies and gents. these goods are useful or in demand as they are an everyday wear or are constantly in use daily. i chose this kind of business because, as at the time deliberating what to do to help provide additional income to help support me, i had on me just a little capital. this kind of business also require minimum capital to begin with so i intended to partake in the selling of these underwears for a start and also most of the people i knew were very willing to patronise my goods. mostly the proceeds or the profits generated are reinvested into the underwear business again since its a new business and would wish for it to grow into a bigger business to help me engage into other consumable goods as well to make my business very productive and help solve my financial needs. however considering the growing trend in the demand for African clothing i have decided to also add the selling of African sandals and slippers. with the introduction of this product, i will be enlarging my business which will go a long way in giving me additional income.

Loan Proposal

i will reinvest this loan into my business, that is, buying more panties and brassieres to help increase my stock. Also with the introduction of selling African sandals, i will also use the loan to purchase some African sandals to try the market first. with the purchase of these products, i will be expanding my business and also increasing my sales which will go a long way in boosting my profit margin. i really expect my profit to increase with the introduction of the sale of African sandals and slippers.
An increase in my profit will help me to reinvest in my business thereby sustaining my business.

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