Iddrisu
Bandah Nkwantah, Ghana
100% repaid
Name
Iddrisu
Member since
February 2015
On-time repayments
101 installments • 78%
my name is Iddrisu Mariama and a Ghanaian..i grew up in the family of three other siblings and i was the second of the four .i was enrolled in high school but dropped out in year two because of funds. i had to look for something to do to earn a living since my parents could not afford any better. as a results, i took to selling sachet water and canned soft drinks right after dropping out of school on a very small scale. however, as time went by , i have been able to improve and it is no longer on small scale but now i deal with a lot of bags of sachet water. life have been practically tough before for me as a woman but i have not given up and i wont actually and that is what has helped me all this while. In all these struggles, my dream is to be able to work hard and build a better home someday.
i sell or deal in sachet water but on a small scale. Actually people drink a lot of water in a day and as they drink so is my business to supply at a profit. i choose this kind of business because of the profit involve and also at the time i was starting out, the capital to start was minimal. possibly i buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i still help my parents with some of my profits for them to take care of themselves and my younger brothers and i invest the rest back into my business and live also on a percentage of it. the most important thing in this sachet water business is Hard working and that has never been a problem at all with me.
i deal in sachet water which is commonly called 'pure water' in Ghana and some few soft drinks like canned coke and malt. if my loan is fully funded i will use $50 to buy twenty bags of sachet water with each bag containing 24 pieces. then i will use the other $50 to purchase crates of soft drinks to sell but this time around the canned ones. One thing that i have been observing over the many years that i have been in this business is that, people drink a lot of water and soft drinks in the dry season like this making demand for my goods very high in this dry season like this. Per my calculations so far, i am expecting an increase in profit of up to 40% if my loan is funded and i go for new stock or inventory.
this effort of mine will make treated drinking water readily available for the people of my community . knowing that water is a basic requirement of life.
then to me as an individual, it will increase my profit margin and help me and my business to grow and grow and grow...
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
8 weeks
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