Materials to make two Obama sofa sets

Ibrahim Kyei

Dormaa, Ghana

100% repaid



Ibrahim Kyei

Member since

June 2018

On-time repayments

9 installments  •  100%

About Me

I grew in a small village at Dormaa called Kato, a farming community . I have two siblings. I started my education Here and complete it here at Kato. At the age of 12. Both my parents passed away though an accident and that is the end of my school Education due financial support. I joined a friend to move to Dormaa To work for myself and support my siblings too. This friend father was a good carpenter. So I still as an errand boy and he saw I have interest and eager to learn carpentry as a trade. So he asked me and I was more than happy To agree. Then he asked of my family and they too agreed. I started and was able to buy my tools small small jobs . Am now a master of my own business after two and half years. I did savings with I used it to start my own shop.

My Business

I have mastered in carpentry, I do tables and chairs , wall hangers, sofa , beds, doors, Waldrop and so on. People in my community are in high demand for these things as home supplies. I learned carpentry because after my school dropout I had no other option and I developed interest in it as I work with a friend father. I started with My savings and a loan , my savings was 3000 and got a loan of 2500 Ghana cedis in add . For now am doing reinvestment with my profit but am hoping to help my younger sister in school

Loan Proposal

I will be buying leather materials 65 yeard a yeard cost $3.25, a glue cost $40, different inches of foam cost $112 and wood cost $17. These to make two Obama sofa sets for my customers. Thinking about a profit of 15%





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Sep 5, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $1.01

Credit risk payment: $3.04



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