Entrepreneur
Name
Assor
Member since
June 2015
On-time repayments
76 installments • 84%
About Me
Am called Assor Ephraim. I am 26 years of age, dark in complexion and moderately built. I come from Berekum in the Brong Ahafo Region of Ghana. I am in a family of five and the first son of my parents. I had my primary and Basic Education at the Berekum Demonstration J.H.S and furthered at Berekum Senior High School in the Brong Ahafo Region of Ghana. I pursued my degree at the University of Development Studies (UDS) in Ghana. I am a self-employed. I run my own printing press and designing shop. I entered into this business due to the high demand for printing and design work in my area. Over the few years of my practice, I have been able to employ three people who give a helping hand at the shop. My hobbies are reading, painting and do other businesses I run in my cafe.
My Business
I started my printing and designing shop with the name"BLESSED PRINTING" in the year 2010 with the capital of $400. I do printing of examination questions,designing,scanning and laminating of papers. I have employed three people and have five computers. Now I have a capital of about $800. With the aid of the first loan, my business capital have increased to $1000. Due to the increasing number of schools and printing services, my business is fast growing. I intend to open up my business to greater heights due to high demand of services. I also intend to expand the cafe business.
Loan Proposal
Dear lenders, I am very grateful for the first loan given to me. The loan has made a great change in my business. My profit margin increased from 45% to about 60% on the average. It has also added about $200 to my business capital. Also it aided me to purchase a modem and router to fully start the internet cafe business.
I wish apply again for a new loan of $ 282. When this loan is granted me, I will use it to purchase an additional modem for my internet cafe business. I added the internet cafe business due to the high demand for internet services.
Dear lenders, when I started the internet cafe business, lots of customers have been patronizing therefore my profit keeps on increasing. The single modem I have cannot serve all the numerous customers so I need an additional modem. Please kindly help me purchase it.
If I get the additional modem, it will help increase my profit margin by 75% and also employ at least two people in addition. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$282.00
Date disbursed
May 5, 2016
Repayment status
On Time
Projected term
5 months
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