To buy locally made sandals to stock my boutique

Entrepreneur

About Me

ABOUT ME
I was born in Tamale, in the northern region of Ghana in 1989, I attended both elementary and S.H.S education in Tamale
as well. I never found life easy in terms of financial issues throughout my childhood. My father was a peasant farmer growing cereals in Kumbungu in the Northern region. My mum was selling vegetables in Tamale central market. My mum helped my dad very well in managing the family. My parents earnings was very meager.

Senior High School education was in my mind and i will never forget those difficult moments. I virtually depended on friends for my survival to pursue the four (4) year Bachelor's Degree .
I lost my mum and dad before my tertiary education. I farmed maize and yam just to raise money for my tertiary education. I succeeded in raising that school fees which actually helped me a lot.

having farmed, I raised money and establish locally made sandals and clothing business. I raised US$ 700.00 and started dealing in men clothing and locally made foot wears, but today, my capital is about US$ 1000.00. For the past 3 years my livelihood depends solely on this clothing and sandals business.

Damba festival is a unique festival celebrated by the Mole Dagomba people who dwell in the northern part of Ghana.
It is an interesting festival during which drumming and dancing dominates among other things.

Since I am single, I hope that my children yet unborn will grow up to witness their father running a business empire within Tamale and its enclave.
I like watching wildlife documentary on television at home. I also play football at home during weekends as a way of exercising my body.

My Business

MY BUSINESS
I have opened a boutique in Tamale.
I sell men clothing of all kinds and men footwear as well. In Tamale, not only women like fashionable clothing but men also patronize such clothing. The sandals and clothing business is quiet good in Tamale and I ventured into the Boutique business with determination and passion.
Usually, I may use US$900.00 to purchase goods. I usually impose 10% returns on all items.

A section of the returns is allocated for utility bills every month. Part for settling my workers and debts.
I have paid all monies due me to zidisha lenders. I am looking forward to lenders of this great interest free organization to see me through, thank you.

Loan Proposal

I wish to apply for a zidisha loan of US$ 190.00 for the purpose of buying locally made sandals for resale to my customers. I run a boutique selling men clothing and sandals as well. My stock of clothing is worth US$ 200.00 as at 30th June, 2016. However, I recently ordered for men sandals from my supplier and the patronage was good and remarkable. A pair of sandals costs US$ 5.00 to US$ 9.00 and selling price ranges from US$ 10 to US$ 15.00 in Tamale. The price of a pair of sandals depends on it size and quality.
This loan will help me to increase my goods in stock and increase my sales as well, leading to increase in profit margin. My profit margin may increase by US$ 5 per sandals. I pledge to abide by zidisha terms and conditions regarding its loans.
My regards to all members of zidisha community especially lenders.
Thanks!

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