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Clothing Sales

Clothing for inventory in my laundry shop

J
EntrepreneurFosterLocationWeija-barrier, Ghana
Project status
100%funded
$100raised
36%paid forward

I had my basic education in Ghana,precisely Kasoa Zion Basic schools.i continued to Zion junior high school and finally at st. Peters Senior high school.

After senior high school in 2010 i had the chance to manage an abandoned family laundry at Barrier.I am still managing this laundry and ownership has now been transferred to me by my mother when my late father passed away.

I came to start my own business when my late father passed on and i had to manage the business as the only child.

i live in the capital city of Ghana called Accra,a suburb called weija barrier and it is full of different people from the length and breath of my country.Different festivals are celebrated including Christmas,Easter,and Islamic festivities.

I have no children now but hope i will marry sooner than later so i can update my future lenders on my children as in their future professions since i am a man who gives the chance to people around me to make decisions that suit them.

I am into the laundry business and the sale of clothing as well.

I had the opportunity to do business after school when my late father passed on.He started this business more than a decade ago,i understand there were some white men in our area who had busy schedule because they were in Ghana for a business purpose and had no time to wash their clothing.When my father realised that it ignited him to set up this laundry business and contacted these white men he can do their laundry for them.Amazingly they agreed with excitement because there was non in our neighborhood.This laundry business later became a much more recognized service and it been there till now.

My typical cost per week is $ 70 and my revenue is $ 150.I make $80 of profit weekly and out of that $ 25 is saved weekly and the rest $ 55 use for managing the home.

The weekly profit of $25 is saved at the bank in the business's bank,account.

Sale of clothing is part of my laundry business but they are few.I have plans to increase my clothing inventory when my loan is accepted and diabursed to me.

I have plan to deal in men shirts which wholesale price cost $7 per shirt and the retail price on the market is $10.I will purchase 50 shirts when my first loan is accepted and disbursed to me.A profit of $3 will be made on each shirt sold and this will indeed help me to a larger extent to repay my loan at a good credit ratings percentage.

I have projected the sale of 10 shirts weekly whivh will give me an additional profits of $30 weekly to my normal weekly profit.I am hopeful my application will be accepted because i believe besides my extra profit i will make i already have an existing weekly savings that will help me do my loan repayment.