Distribution of purified water sachet to purchase a truck

Sampson

Koforidua, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Sampson

Member since

June 2018

On-time repayments

16 installments • 63%

About Me

I go by the name of Sampson Atchoe, a 35 years old person with a degree in Computer networking.
I had a rough time growing up because my parents divorced when i was 4years and had to stay with an Aunt who thought she was mistreating me by given me hard labor works which later in life turned me into an entrepreneur and independent person in life.

At an early stage in life, i had to be selling petty stuffs , working, cleaning and fetching water to people in my community to earn money and love from people. Through that i was lucky enough to finish my primary and secondary school which was facilitated by a client i had been helping since childhood.

I had a tough time with my tertiary education since i had hustle my way out, i decided to start purchasing petty stuffs like, pen drives, watches, boxer shorts, cosmetics from wholesale shops in Accra for to retail it on campus and that's were serious business started in my life. through this business i have been able to overcome so many financial challenges in life. I saved enough money to start the distribution of purified water sachet, from which i have been able to purchase my own Tricycle.

My Business

Basically my main business is in the supply of clean and purified water sachet in my community and beyond.
I also have other side hustles i engage myself in like retailing of, Laptop computer and accessories, mobile phones and accessories, Unisex clothing and agriculture to support my livelihood.
I do all this through online by purchasing it cheaper on websites like Ali-express.com and Dhgate.com then retail it to students, church members, friends and loved ones.

When I invest $100 into the production of water I gain a profit of $300 then i used $40 for fuel, $20 for maintenance of tricycle, i then save $40 for future projections. I then reinvest the $100 again to start all over.

Loan Proposal

I want to expand my business gradually by purchasing a four wheel truck which can distribute more sachet water than the tricycle am using now. the tricycle can only take up to 150 bags of sachet water while the truck can carry 500 bags for distribution and also the truck can go far in term of distance to distribute water and the profit margin is almost 300% when compared to using the tricycle.