Name
Frederick
Member since
March 2015
On-time repayments
191 installments • 41%
I am a 47 year old man born in Accra, Ghana to a military officer father and a house wife mother. My parents had three children of which I am the first.
My parents divorced when I was 18 years old and I had to go and work in my maternal uncle's electronic parts shop.
I had to fund my education myself with the meager allowances I received from my uncle.
In the year 2002, I left my uncle's job started trading on my own. I picked items from people I knew to sell and use the proceeds to further educate myself.
Today, I am pursuing a Masters degree in Distance education and E-learning from the University of Ghana.
I would like my children to grow up to be responsible citizens and engage in occupations that are human centered. They must be law abiding, respectful and full of integrity.
Ghana is a country well endowed with natural resources with a nice climate. Its people are among the friendliest one can find.
My hobbies are watching football(soccer) and reading.
In 2011, I went into computer and its accessory sales together with a friend. We did not have enough money but through the benevolence of some well established traders in the business, we were able to stock goods on credit.
Today, I ran the business alone with occasional help from my spouse. As result of my education, there has been a dip in my savings because I have to pay my fees with part of the income from the business. This has necessitated the need to raise more income through more innovative means.
Information Technology has come to stay and everyone is buying into the technology idea so it is a fast growing area in Ghana. The benefits are immense and the income from the business is good.
I got into the computer business when a friend of mine sent me some laptops from the US to sell and it has been fruitful.
Although some of the profits from the business goes into the upkeep of the home, a larger percentage of the profit is reinvested in the business.
The average cost price for a new dual-core laptop is about $297 and sells for around $324 and a new core i3 laptop costs $432 and sells for about $486.
I will use the loan amount to augment my stock of computer accessories such as laptop screens and adapters. From the loan, I can buy ten (10) laptop screens at about thirty four US dollars ($34) each and about forty (40) laptop adapters at about four dollars, eight cents ($4.8).
This loan amount will raise my monthly income by about 8% and thereby make life more comfortable for me, my staff and my family.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,136.14
Date disbursed
Jul 11, 2016
Repayment status
On Time
Projected term
32 months
Other loans
Amount repaid
$1,192.72
Amount remaining
$0.00
Date repaid
Jun 4, 2019
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jul 24, 2016 | $20.67 | Aug 7, 2016 | $20.67 |
Jul 31, 2016 | $20.67 | Aug 14, 2016 | $20.67 |
Aug 7, 2016 | $20.67 | Aug 21, 2016 | $20.67 |
Aug 14, 2016 | $20.67 | Aug 28, 2016 | $20.67 |
Aug 21, 2016 | $20.67 | Sep 4, 2016 | $20.67 |
Aug 28, 2016 | $20.67 | Sep 11, 2016 | $20.67 |
Sep 4, 2016 | $20.67 | Sep 18, 2016 | $20.67 |
Sep 11, 2016 | $20.67 | Sep 25, 2016 | $20.67 |
Sep 18, 2016 | $20.67 | Oct 2, 2016 | $20.67 |
Sep 25, 2016 | $20.67 | Oct 9, 2016 | $20.67 |
Oct 2, 2016 | $20.67 | Oct 16, 2016 | $20.67 |
Oct 9, 2016 | $20.67 | Oct 23, 2016 | $20.67 |
Oct 16, 2016 | $20.67 | Oct 30, 2016 | $20.67 |
Oct 23, 2016 | $20.67 | Nov 7, 2016 | $20.67 |
Oct 30, 2016 | $20.67 | Nov 13, 2016 | $20.67 |
Nov 6, 2016 | $20.67 | Nov 26, 2016 | $20.67 |
Nov 13, 2016 | $20.67 | Dec 18, 2016 | $20.67 |
Nov 20, 2016 | $20.67 | Dec 25, 2016 | $20.67 |
Nov 27, 2016 | $20.67 | Jan 1, 2017 | $20.67 |
Dec 4, 2016 | $20.67 | Jan 9, 2017 | $20.67 |
Dec 11, 2016 | $0.00 | ||
Dec 18, 2016 | $0.00 | ||
Dec 25, 2016 | $0.00 | ||
Jan 1, 2017 | $0.00 | ||
Jan 8, 2017 | $0.00 | ||
Jan 15, 2017 | $12.92 | Jan 15, 2017 | $12.92 |
Jan 22, 2017 | $12.92 | Jan 23, 2017 | $12.92 |
Jan 29, 2017 | $12.92 | Jan 29, 2017 | $12.92 |
Feb 5, 2017 | $12.92 | Feb 5, 2017 | $12.92 |
Feb 12, 2017 | $12.92 | Feb 12, 2017 | $12.92 |
Feb 19, 2017 | $12.92 | Feb 20, 2017 | $12.92 |
Feb 26, 2017 | $12.92 | Feb 26, 2017 | $12.92 |
Mar 5, 2017 | $12.92 | Mar 5, 2017 | $12.92 |
Mar 12, 2017 | $12.92 | Mar 12, 2017 | $12.92 |
Mar 19, 2017 | $12.92 | Mar 19, 2017 | $12.92 |
Mar 26, 2017 | $12.92 | Apr 10, 2017 | $12.92 |
Apr 2, 2017 | $12.92 | Apr 17, 2017 | $12.92 |
Apr 9, 2017 | $12.92 | Apr 23, 2017 | $12.92 |
Apr 16, 2017 | $12.92 | May 14, 2017 | $12.92 |
Apr 23, 2017 | $12.92 | May 21, 2017 | $12.92 |
Apr 30, 2017 | $12.92 | Jun 4, 2017 | $12.92 |
May 7, 2017 | $12.92 | Jun 12, 2017 | $12.92 |
May 14, 2017 | $12.92 | Jun 26, 2017 | $12.92 |
May 21, 2017 | $12.92 | Jul 9, 2017 | $12.92 |
May 28, 2017 | $12.92 | Jul 23, 2017 | $12.92 |
Jun 4, 2017 | $12.92 | Aug 6, 2017 | $12.92 |
Jun 11, 2017 | $12.92 | Aug 13, 2017 | $12.92 |
Jun 18, 2017 | $12.92 | Aug 20, 2017 | $12.92 |
Jun 25, 2017 | $12.92 | Aug 27, 2017 | $12.92 |
Jul 2, 2017 | $12.92 | Sep 3, 2017 | $12.92 |
Jul 9, 2017 | $12.92 | Sep 17, 2017 | $12.92 |
Jul 16, 2017 | $12.92 | Oct 1, 2017 | $12.92 |
Jul 23, 2017 | $12.92 | Oct 22, 2017 | $12.92 |
Jul 30, 2017 | $12.92 | Nov 5, 2017 | $12.92 |
Aug 6, 2017 | $12.92 | Nov 13, 2017 | $12.92 |
Aug 13, 2017 | $12.92 | Dec 3, 2017 | $12.92 |
Aug 20, 2017 | $12.92 | Dec 31, 2017 | $12.92 |
Aug 27, 2017 | $12.92 | Jan 7, 2018 | $12.92 |
Sep 3, 2017 | $12.92 | Jan 21, 2018 | $12.92 |
Sep 10, 2017 | $12.92 | Jan 28, 2018 | $12.92 |
Sep 17, 2017 | $12.92 | Feb 11, 2018 | $12.92 |
Sep 24, 2017 | $12.92 | Mar 4, 2018 | $12.92 |
Oct 1, 2017 | $12.92 | Mar 25, 2018 | $12.92 |
Oct 8, 2017 | $12.92 | Apr 8, 2018 | $12.92 |
Oct 15, 2017 | $12.92 | Apr 21, 2018 | $12.92 |
Oct 22, 2017 | $12.92 | May 6, 2018 | $12.92 |
Oct 29, 2017 | $12.92 | May 27, 2018 | $12.92 |
Nov 5, 2017 | $12.92 | Jul 8, 2018 | $12.92 |
Nov 12, 2017 | $12.92 | Jul 15, 2018 | $12.92 |
Nov 19, 2017 | $5.17 | Aug 12, 2018 | $5.17 |
Nov 26, 2017 | $0.00 | ||
Dec 3, 2017 | $0.00 | ||
Dec 10, 2017 | $0.00 | ||
Dec 17, 2017 | $0.00 | ||
Dec 24, 2017 | $0.00 | ||
Dec 31, 2017 | $0.00 | ||
Jan 7, 2018 | $0.00 | ||
Jan 14, 2018 | $0.00 | ||
Jan 21, 2018 | $0.00 | ||
Jan 28, 2018 | $0.00 | ||
Feb 4, 2018 | $0.00 | ||
Feb 11, 2018 | $0.00 | ||
Feb 18, 2018 | $0.00 | ||
Feb 25, 2018 | $0.00 | ||
Mar 4, 2018 | $0.00 | ||
Mar 11, 2018 | $0.00 | ||
Mar 18, 2018 | $0.00 | ||
Mar 25, 2018 | $0.00 | ||
Apr 1, 2018 | $0.00 | ||
Apr 8, 2018 | $0.00 | ||
Apr 15, 2018 | $0.00 | ||
Apr 22, 2018 | $0.00 | ||
Apr 29, 2018 | $0.00 | ||
May 6, 2018 | $0.00 | ||
May 13, 2018 | $0.00 | ||
May 20, 2018 | $0.00 | ||
May 27, 2018 | $0.00 | ||
Jun 3, 2018 | $0.00 | ||
Jun 10, 2018 | $0.00 | ||
Jun 17, 2018 | $0.00 | ||
Jun 24, 2018 | $0.00 | ||
Jul 1, 2018 | $0.00 | ||
Jul 8, 2018 | $0.00 | ||
Jul 15, 2018 | $0.00 | ||
Jul 22, 2018 | $0.00 | ||
Jul 29, 2018 | $0.00 | ||
Aug 5, 2018 | $0.00 | ||
Aug 12, 2018 | $0.00 | ||
Aug 19, 2018 | $0.00 | ||
Aug 26, 2018 | $0.00 | ||
Sep 2, 2018 | $0.00 | ||
Sep 9, 2018 | $0.00 | ||
Sep 16, 2018 | $0.00 | ||
Sep 23, 2018 | $0.00 | ||
Sep 30, 2018 | $0.00 | ||
Oct 7, 2018 | $0.00 | ||
Oct 14, 2018 | $0.00 | ||
Oct 21, 2018 | $0.00 | ||
Oct 28, 2018 | $0.00 | ||
Nov 4, 2018 | $0.00 | ||
Nov 11, 2018 | $0.00 | ||
Nov 18, 2018 | $0.00 | ||
Nov 25, 2018 | $0.00 | ||
Dec 2, 2018 | $0.00 | ||
Dec 9, 2018 | $12.92 | Aug 12, 2018 | $7.75 |
Oct 7, 2018 | $5.17 | ||
Dec 16, 2018 | $12.92 | Oct 7, 2018 | $7.75 |
Dec 12, 2018 | $5.17 | ||
Dec 23, 2018 | $12.92 | Dec 12, 2018 | $7.75 |
Dec 16, 2018 | $5.17 | ||
Dec 30, 2018 | $12.92 | Dec 16, 2018 | $7.75 |
Dec 23, 2018 | $5.17 | ||
Jan 6, 2019 | $12.92 | Dec 23, 2018 | $7.75 |
Dec 30, 2018 | $5.17 | ||
Jan 13, 2019 | $12.92 | Dec 30, 2018 | $7.75 |
Jan 8, 2019 | $5.17 | ||
Jan 20, 2019 | $12.92 | Jan 8, 2019 | $7.75 |
Jan 13, 2019 | $5.17 | ||
Jan 27, 2019 | $12.92 | Jan 13, 2019 | $7.75 |
Jan 20, 2019 | $5.17 | ||
Feb 3, 2019 | $12.92 | Jan 20, 2019 | $7.75 |
Jan 28, 2019 | $5.17 | ||
Feb 10, 2019 | $12.92 | Jan 28, 2019 | $7.75 |
Feb 3, 2019 | $5.17 | ||
Feb 17, 2019 | $12.92 | Feb 3, 2019 | $7.75 |
Feb 14, 2019 | $5.17 | ||
Feb 24, 2019 | $12.92 | Feb 14, 2019 | $7.75 |
Feb 18, 2019 | $5.17 | ||
Mar 3, 2019 | $12.92 | Feb 18, 2019 | $7.75 |
Mar 1, 2019 | $5.17 | ||
Mar 10, 2019 | $12.92 | Mar 1, 2019 | $7.75 |
Mar 15, 2019 | $5.17 | ||
Mar 17, 2019 | $12.92 | Mar 15, 2019 | $7.75 |
Mar 17, 2019 | $5.17 | ||
Mar 24, 2019 | $12.14 | Mar 17, 2019 | $7.75 |
May 13, 2019 | $4.39 |
Ask Frederick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.