Additional sound instruments for my sound system
Dominic
Berekum, Ghana
51% repaid
Entrepreneur
Name
Dominic
Member since
June 2015
On-time repayments
20 installments • 55%
About Me
I am Donyina Dominic. I was born on 15th of January, 1984 to Mr and Mrs Donyina at Nkoranza where i come from in the Brong Ahafo Region of Ghana. But I am currently working and staying in Berekum. I belong to a family of nine and I am the third born. I am married with two children. Aside my nuclear family, I also take care of my two little siblings.
I started my basic education at Nkoranza and continued at Nkoranza secondary school. After completing, I decided to join a band in my town because of financial problems.
I am a christian and also a member of the singing group in my church. I am humble, respectful and caring.
My Business
After I stopped schooling, I joined a band and later, from the little savings, I was able to establish my own business. I am the owner of a spinning machine named Rich Sounds. I started this business with a based capital of about 2000 dollars in the year 2012.
I established my business because I saw that, in the community where I live, it was difficult for the people to get machines for their programme like wedding, engagement, funeral, outdooring and announcements. Now the community hires my machines anytime there is such programme.
I have employed two assistance who helps me in my activities.
I wish to expand my business by purchasing additional spinning machines so that on the days that there are more than one program, I can send some machines to both programme. This will help me to employ new assistance to help me and also increase my profit to be able to cater for my nuclear family and my younger siblings. I wish to seek financial assistance from you to help me expand my business.
REPAYMENT
I will be able to repay any loan offered me from the programme I attend.
Loan Proposal
I will use the loan to buy a desktop computer to store many songs so that when i go to a program i will get it easy to play songs the is demanded by the people. I will also buy additional 12 inches speakers and 8 inches speakers. The cost of the desktop computer is 110 dollars and a 12 inches speaker is 80 dollars and a 8 inches speaker is 65 dollars. This will help me to provide loud and sound music to the people in my community during marriage ceremonies, weddings, engagements and funerals. It will also help me to increase my profit and be able to pay my assistance.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$233.00
Date disbursed
Sep 9, 2015
Repayment status
Late
Projected term
3 months
Other loans
Lenders
Stamford, USA, United States
Taiwan
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