Entrepreneur
Name
Sarah
Member since
April 2015
On-time repayments
219 installments • 25%
About Me
I am a 20 year old lady who started her basic education at the St. Monica's primary and Junior High School. Unfortunately for me I had to drop out due to financial problems. At the beginning, things weren't that easy but through hard work and determinations, I could achieve something out of nothing. My big brother came with an idea that we should begin our own business. He wanted us to do some soap and detergent, sorrelle drink and fruit drink business. Well, we started alright but the challenges were so much that he almost quit. I love to watch local movies and listen to music.
My Business
The business is actually into soap and detergent and cosmetics and drinks production. For now, we manufacture liquid detergents and sorrelle drinks. These products that we manufacture are in a high demand because people use them everyday. Our products in particular are also affordable and provide many benefits. The liquid detergent does not just cleanse clothes but also provide the skin with some protection due to the addition of humectants and vitamin E. We chose this kind of business because we felt we needed to begin something to earn some money to support support the family and my child's education. The products come with affordable price and are quality. The revenue for now is about GHS 6,000. I wish to reinvest my profit and also use most part to take care of the house.
Loan Proposal
Thank you for my first loan. I have been able to acquire a room for production of my products so when I am given this second loan, I would like to buy equipment to equip the room. I will buy big plastic vessels in which I will store the drinks and detergent before it is package. For now, I use a small plastic container. I will also like to buy measuring cup, plastic spoons, office table, scale, more bottles, thermometer, refractometer for checking sugar levels, stirrer and many other items. I want to use a space within the room as my office so I will also buy office table and chair. These will help me expand my company and later produce other products like yoghurt, Vaseline and shower gel. These will cost about $250 so I will use some of the money I have earned to support. Thank you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$155.00
Date disbursed
Dec 22, 2015
Repayment status
On Time
Projected term
16 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Taiwan
United States
United States
Ask Sarah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.