Loan to support my clothing business

Entrepreneur

About Me

I WAS BORN IN BEREKUM AND I HAD I COMPLETE BESS JSS IN BEREKUM AND HAD MY HIGH SCHOOL EDUCATION AT SUNYANI SENIOR HIGH SCHOOL WHERE I DID BUSINESS FROM 2006 TO 2009. I ALSO HAD MY TERTIARY EDUCATION AT SUNYANI POLYTECHNIC WHERE I GOT HIGHER NATIONAL DIPLOMA IN ACCOUNTANCY FROM 2011 TO 2014. MY PARENTS WERE NOT ABLE TO CATER FOR MY NEEDS BECAUSE THEY WERE NOT HAVING ANY BETTER BUSINESS DOING. MY UNCLE GAVE ME HIS STORE ROOM AND SOME LITTLE AMOUNT OF MONEY TO START ANY BUSINESS OF MY CHOICE THIS HELPED ME TO GET INTO THE CLOTHING BUSINESS. I AM SINGLE NOW NOT MARRIED WITH NO CHILD. I WENT TO A WATERFALLS AT MY AREA WITH MY SCHOOL MATES,

My Business

I SELL CLOTHING WHICH INCLUDES MATERIALS, KENTE, FABRICS BOTH FOR MEN AND WOMEN AND CHILDREN AS WELL. PEOPLE ARE ABLE TO GET ANY KIND OF MATERIALS AT ANYTIME AT THE SEASON WHETHER AT RAINY SEASON OR HOT SEASONS. I ENTERED INTO THIS KIND OF BUSINESS BECAUSE IT IS THE TYPE WHICH ATTRACTS MANY CUSTOMERS BOTH HIGH INCOME EARNERS AND LOW INCOME EARNERS. I INITIALLY STARTED WITH 800 GHANA CEDIS WHICH WASN'T ENOUGH BUT I HAVE BEEN ABLE TO EXPAND MY BUSINESS UPTO NOW THROUGH THE FIRST AND SECOND LOAN I GOT FROM ZIDISHA. I HAVE BEING USING THE PROFITS WHICH I HAVE BEING ACQUIRING FROM THE BUSINESS FOR REINVESTMENT INTO THIS SAME BUSINESS THROUGH ADVERTISING AND BRINGING IN NEW STOCK BUT I HAVE ANOTHER INTENTION TO GO INTO DIFFERENT VENTURES WHEN I GET ANOTHER HUGE AMOUNT OF CAPITAL TO DO SO.

Loan Proposal

If the loan is given to me, I will buy clothes for both men and women, kente and other clothing materials. These items will cost about $1,300. This will help expand my business by increasing the number and amount of clothes that I purchase. Purchasing large amount of clothes will also help increase my profit margin. If this loan is given to me, my business will expand. Sales and marketing will be very effective. I will get enough funds to do adverts and market my quality products. If this is effective, the business will grow massively. I expect my profit to increase by 30%. Thank you,

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