Loan to buy electric irons to resell

Entrepreneur

About Me

My name is Richard Aduonu, I come from Agona Abodom. I attended basis school at Assin Amoabin DC primary school and completed on the year 2006. afterward i furthur my education to senior high school and completed on the year 2009. When i completed i decided to start doing business small because i had no support to go to senior high school, so i started selling radios, torchlight, batteries, polish and many more. Through that i was able to raise shop from it and has been making money from it through saving some portion of the profit. Moreover where i stay there is a festival called Gomoa two weeks. This is normally celebrated two weeks after christmas, during that period many people from different places come there to watch and entertain themself. I will like to make some of my children to do business , some doctors,lawyers etc. I will like to end here with my letter.

My Business

I will like to discribe the business i do and how i will repay the loan. First of all i sell things like radios, standing fans, cylinder irons, extension boards and many more. so i will use the income i get or the profit to pay back the loan. The goods are sell are useful because it is something everybody need especially the students and the lecturers. My capital is about twelve thousand Ghana cedis. I use some part of the profit to invest in the business and feed on some and also use some to pay my house rent and my bills as well. I will like to end here with my letter and i hope my loan will be granted quickly. THANK YOU.

Loan Proposal

First of all when I get the loan I will like to use the loan to buy electric irons to sell in my shop. The electric irons are some goods customers demand most , though I have some but they are not enough for me so I want to buy more and sell which will help me raise more money. I will be happy if the loan is giving to me. Thank you

Income Source

First and foremost I know that we are not in normal times but that doesn't mean we should not work. Since business is going on smoothly in Ghana I will make sure I use some of the profit which I will make to pay the loan so as to help the business grow so that I can apply for higher amount and also the organization can continue to help others. I will like to end my letter here. Thank you very much

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