Tuition fees for midwifery education
Benjamin
Tarkwa, Ghana
100% repaid
Entrepreneur
Name
Benjamin
Member since
May 2015
On-time repayments
340 installments • 90%
About Me
Well I'm in the person of Benjamin Suboni, the fourth child out of seven children from my mother's side thus three boys, four girls. Currently my father has two wives with my mum being the second wife. In total we are seventeen children in the family having lost one at an early age. l hail from the northern part of Ghana where poverty with its ugly face is ubiquitous as the housefly. My parents are peasant farmers and life as a child was really difficult and challenging.
Formal education is foreign in my family as almost all my siblings before me either refused to go school or drop-out at an early stage or were not send to school at all. I defied all odds and used to follow one of my elder brothers to school who later dropped out. I started my education at the primary level not knowing what kindergarten or creche meant. Most times I went to school with an empty stomach but due to determination I never gave up. Initially I wanted to be a Medical Doctor in the future due to a bitter experience I had with the loss of my brother to acute appendicitis and there was no Doctor to operate him at the District Hospital but that has now changed to my ambition of being a seasoned entrepreneur. Through the ingenuity of my elder brother I learnt to be a cobbler. After school I used to go around polishing and mending people's shoes, sandals etc in the locality. From the proceeds of the cobbler business I was able to fund my education to the Senior High level and even sometimes fund my siblings education.
As of now I am a trained professional teacher and due to the numerous family demands I decided to establish this provisions store to cushion me in taking care of my family. Also with my father now old and not able to contribute much financially, coupled with my siblings at various levels of the educational ladder, the onus falls on me to take of them.
The provisions shop has been in operation for two years running but now there is the need to grow and expand it hence the need for this loan facility.Its my ambition to develop it into a supermarket one day.
As a result of my current family responsibilities it will not be prudent for me to marry now but then one day I will and when that happens I want my children to have the best of education life can offer. Never should they go through the suffering and hardships I underwent in my childhood. I love playing football, basketball and listening to music and financial news
My Business
Fundamentally I run a retail business whereby basic household ingredients like sugar, toothpaste, gari, rice, bread etc are sold to customers. These ingredients are household necessities that are in high demand hence my choice of business. Also before I established my store, customers within the locality had to commute long distance before the could acquire these necessities. Most of the times I purchase these products from wholesale outlets and retail them to customers.
Due to the exorbitant interest rates usually charged by banks vs-a-vie financial institutions coupled with bureaucratic and cumbersome processes of accessing a loan facility I started this business with savings from my meager salary. And for two years now I've managed to keep the business afloat despite the economic downturn.
Typically I make a monthly revenue of 2000 GHS with profit in the range of 500 GHS. Most part of the proceeds is usually plowed back into the business and the rest used to settle family and personal issues.
I chose this medium to acquire a loan facility due to the almost interest free, flexible payments and quickness of the loan disbursal. Parts of proceeds from the business and my salary would be used to reimburse the loan should it be granted.
Loan Proposal
This loan will be used to settle the second semester tuition fees of my sister who is in the final year at Jirapa Midwifery Training School. As of now there is shortage of midwifery nurses in the country (Ghana) coupled with high maternal mortality, infant mortality and still births. As such, this loan will her graduate as midwive and contribute her quota to the reduction of these preventable mortalities. It will be a huge relieve if this loan proposal is funded early. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$573.00
Date disbursed
Jun 15, 2017
Repayment status
On Time
Projected term
25 months
Other loans
Lenders
Tromso, Norway, Norway
Østre Gausdal, Norway
Helsinki, Finland
United States
United States
Switzerland
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
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Summary
Amount repaid
$573.44
Amount remaining
$0.00
Date repaid
Oct 30, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 28, 2017 | $5.99 | Jul 1, 2017 | $5.99 |
| Jul 5, 2017 | $5.99 | Jul 4, 2017 | $5.99 |
| Jul 12, 2017 | $5.99 | Jul 14, 2017 | $5.99 |
| Jul 19, 2017 | $5.99 | Jul 26, 2017 | $5.99 |
| Jul 26, 2017 | $5.99 | Jul 26, 2017 | $5.99 |
| Aug 2, 2017 | $5.99 | Aug 1, 2017 | $5.99 |
| Aug 9, 2017 | $5.99 | Aug 10, 2017 | $5.99 |
| Aug 16, 2017 | $5.99 | Aug 10, 2017 | $5.99 |
| Aug 23, 2017 | $11.98 | Aug 14, 2017 | $11.98 |
| Aug 30, 2017 | $2.40 | Aug 28, 2017 | $2.40 |
| Sep 6, 2017 | $2.40 | Sep 6, 2017 | $2.40 |
| Sep 13, 2017 | $2.40 | Sep 18, 2017 | $2.40 |
| Sep 20, 2017 | $2.40 | Sep 24, 2017 | $2.40 |
| Sep 27, 2017 | $2.40 | Sep 24, 2017 | $2.40 |
| Oct 4, 2017 | $2.40 | Oct 5, 2017 | $2.40 |
| Oct 11, 2017 | $2.40 | Oct 14, 2017 | $2.40 |
| Oct 18, 2017 | $2.40 | Oct 21, 2017 | $2.40 |
| Oct 25, 2017 | $2.40 | Oct 28, 2017 | $2.40 |
| Nov 1, 2017 | $2.40 | Nov 1, 2017 | $2.40 |
| Nov 8, 2017 | $2.40 | Nov 11, 2017 | $2.40 |
| Nov 15, 2017 | $2.40 | Nov 21, 2017 | $2.40 |
| Nov 22, 2017 | $2.40 | Nov 28, 2017 | $2.40 |
| Nov 29, 2017 | $2.40 | Nov 28, 2017 | $2.40 |
| Dec 6, 2017 | $2.40 | Dec 11, 2017 | $2.40 |
| Dec 13, 2017 | $2.40 | Dec 11, 2017 | $2.40 |
| Dec 20, 2017 | $2.40 | Dec 18, 2017 | $2.40 |
| Dec 27, 2017 | $2.40 | Jan 3, 2018 | $2.40 |
| Jan 3, 2018 | $2.40 | Jan 3, 2018 | $2.40 |
| Jan 10, 2018 | $2.40 | Jan 15, 2018 | $2.40 |
| Jan 17, 2018 | $2.40 | Jan 15, 2018 | $2.40 |
| Jan 24, 2018 | $2.40 | Jan 30, 2018 | $2.40 |
| Jan 31, 2018 | $2.40 | Jan 30, 2018 | $2.40 |
| Feb 7, 2018 | $2.40 | Feb 3, 2018 | $2.40 |
| Feb 14, 2018 | $2.40 | Feb 3, 2018 | $2.40 |
| Feb 21, 2018 | $4.79 | Feb 5, 2018 | $4.79 |
| Feb 28, 2018 | $4.79 | Feb 5, 2018 | $4.79 |
| Mar 7, 2018 | $4.79 | Mar 3, 2018 | $4.79 |
| Mar 14, 2018 | $4.79 | Mar 3, 2018 | $4.79 |
| Mar 21, 2018 | $5.99 | Mar 24, 2018 | $5.99 |
| Mar 28, 2018 | $5.99 | Mar 24, 2018 | $5.99 |
| Apr 4, 2018 | $5.99 | Apr 5, 2018 | $5.99 |
| Apr 11, 2018 | $5.99 | Apr 5, 2018 | $5.99 |
| Apr 18, 2018 | $5.99 | Apr 25, 2018 | $5.99 |
| Apr 25, 2018 | $5.99 | Apr 25, 2018 | $5.99 |
| May 2, 2018 | $5.99 | May 4, 2018 | $5.99 |
| May 9, 2018 | $5.99 | May 17, 2018 | $5.99 |
| May 16, 2018 | $5.99 | May 17, 2018 | $5.99 |
| May 23, 2018 | $5.99 | May 29, 2018 | $5.99 |
| May 30, 2018 | $5.99 | May 29, 2018 | $5.99 |
| Jun 6, 2018 | $5.99 | Jun 3, 2018 | $5.99 |
| Jun 13, 2018 | $5.99 | Jun 3, 2018 | $5.99 |
| Jun 20, 2018 | $5.99 | Jun 17, 2018 | $5.99 |
| Jun 27, 2018 | $5.99 | Jun 18, 2018 | $5.99 |
| Jul 4, 2018 | $5.99 | Jul 6, 2018 | $5.99 |
| Jul 11, 2018 | $5.99 | Jul 6, 2018 | $5.99 |
| Jul 18, 2018 | $5.99 | Jul 23, 2018 | $5.99 |
| Jul 25, 2018 | $5.99 | Jul 23, 2018 | $5.99 |
| Aug 1, 2018 | $5.99 | Aug 4, 2018 | $5.99 |
| Aug 8, 2018 | $5.99 | Aug 4, 2018 | $5.99 |
| Aug 15, 2018 | $5.99 | Aug 21, 2018 | $5.99 |
| Aug 22, 2018 | $5.99 | Aug 21, 2018 | $5.99 |
| Aug 29, 2018 | $5.99 | Aug 21, 2018 | $5.99 |
| Sep 5, 2018 | $5.99 | Sep 10, 2018 | $5.99 |
| Sep 12, 2018 | $5.99 | Sep 10, 2018 | $5.99 |
| Sep 19, 2018 | $5.99 | Sep 17, 2018 | $5.99 |
| Sep 26, 2018 | $5.99 | Oct 3, 2018 | $5.99 |
| Oct 3, 2018 | $5.99 | Oct 3, 2018 | $5.99 |
| Oct 10, 2018 | $5.99 | Oct 15, 2018 | $5.99 |
| Oct 17, 2018 | $5.99 | Oct 15, 2018 | $5.99 |
| Oct 24, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Oct 31, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Nov 7, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Nov 14, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Nov 21, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Nov 28, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Dec 5, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Dec 12, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Dec 19, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Dec 26, 2018 | $5.99 | Oct 30, 2018 | $5.99 |
| Jan 2, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jan 9, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jan 16, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jan 23, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jan 30, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Feb 6, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Feb 13, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Feb 20, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Feb 27, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Mar 6, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Mar 13, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Mar 20, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Mar 27, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Apr 3, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Apr 10, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Apr 17, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Apr 24, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| May 1, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| May 8, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| May 15, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| May 22, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| May 29, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jun 5, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jun 12, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jun 19, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jun 26, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jul 3, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jul 10, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jul 17, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jul 24, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Jul 31, 2019 | $5.99 | Oct 30, 2018 | $5.99 |
| Aug 7, 2019 | $3.35 | Oct 30, 2018 | $3.35 |
David Nov 5, 2018
Benjamin Nov 6, 2018
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