A loan to buy car spare parts

Obeng

Berekum, Ghana

Expired

$893 to go

0% funded of $893 goal

0

days left

Entrepreneur

Name

Obeng

Member since

July 2017

On-time repayments

75 installments  •  43%

About Me

My name is Obeng Kwasi. I come from Berekum in the Brong Ahafo region. Am twenty -four years old. I have completed senior high school. I'm in a family of five:my parents, two brothers and I.
The game I like best is tennis ball. This is because, it gives me energy. The food I like best is rice ball and groundnut soup.
I am now a storekeeper in my area. I have worked on it for two years now.

My Business

After I completed Junior High School, money to be used to continue secondary school was problem for my parents. Because of that I was advice to learn a dress making. There was no option for me than to enter into it.
God been so good,within two years,I qualified and now am a tailor with five people who are also learning the dress making.
Initially, getting a machine to start my own business was a problem until my church elders bought me one.
How to get some customers was also a very big challenge. The church also made so many announcement for me through the use of their information system.
Now,I can boost of two hundred customers who are patronizing my service. At the end of a day,I am able to save around $40. I also use some to cater for my family.

Loan Proposal

With the loan I was given, I was able to get a profit of $980 as profit. I have used $450 of the profit to cater for my two children who are in school .Also,I bought two bags of rice and some soft drinks as a donation for needing children in my community (Saviour children's home)
LOAN PROPOSAL.
Car business is very lucrative here. Because of that I have used my capital together with the profit ($480+560) to buy a second hand car to round a taxi in town.
After buying the car,there maintenance that I should do. I am here to raise this loan to buy these spare parts.
Second hand engine ($300)
Four set of doors ($140)
Spraying of the car($250)
Renew of raid wealthy($50)
Renew of car insurance ($100)
If I am able to raise this loan successfully and fix the problems in the car, I can boost of $350 as my weekly sales.
HOW TO REPAY THE LOAN.
I can pay the money back through my daily sales.

Feedback

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Loan Info

Project Type

Classic Loan

Amount requested

$893.00

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