Bag of rice and sugar for my shop

Rene Gyimah

Odumasi, Ghana

100% repaid

Entrepreneur

Name

Rene Gyimah

Member since

August 2015

On-time repayments

145 installments  •  71%

About Me

I was born into a family of six and my childhood was filled with going to farm and trekking long journeys to school . I am a teacher after completing teaching college . Going to school was a hurdle as none of my siblings went to basic school. I had to fetch and sell during weekend and after school to survive with my school fees. The provisions started when I was posted to a village and it was hard getting milk and sugar to buy because I've to walk to another village for it. It was just a table top business but later saved and expanded to this level through prudent measures I put in place
I want my children to enjoy a childhood of happiness and have peace to pursue their education they can
I'd like this business to flourish into a bigger one where I would be a main distributor of provisions in my district one day. my hobbies are watching football and singing

My Business

I provide gari,sugar,bebe drink,milo,milk,salt,maggie cube,milk powder,toilet roll,pen,pencil,eraser,chalk,diapers,insecticides,sachet and mineral water, sharpener,toffees,blade,disposal razor,airtime credits and sardines. These are aome of the things i sell and when demand increases i may buy what is needed. Since my money i meagre i usually run out of stock and spend money to pay for transportation which all goes against the business.
Business is good here and revenue per week is about eighty Ghana cedis and the profit is reinvested. My business is in good standing since everything is written down. I use my profit to reinvest in my business

Loan Proposal

This capital will be used to buy a bag of rice for $52 and a bag of sugar which is $50. There is a lot of demand for sugar but I don't have the funds so I buy in small quantities and it finishes at a fast rate thereby making me disappoint a lot of my clients. People also buy rice in small quantities and when I get a bag, it will be able to satisfy my customers. my profit of $12 will increase to $18 per week due to the loan.

Feedback

1

None

None

  • djkmoran    Aug 1, 2017

    Congrats on repaying your loan. I wish you all the best for you and your business.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$107.00

Date disbursed

May 2, 2017

Repayment status

On Time

Projected term

2 months

Lenders

MarktheMormon

Sandy, Utah, United States

S

SheilaB

Nashville, United States

Paul Buchheit

Mountain View, United States

djkmoran

United States

Karijn

Amsterdam, Netherlands

SteveFylde

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

S

Sarah

Arlington, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

K

Khoa

United States

Ask Rene Gyimah a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Agnes    Mar 23, 2020

    I was not able to get Rene but I was able to spoke to Esther whom she said Rene has travelled but she said Rene will come and pay all

    Log in to reply • Share
  • Agnes    Feb 21, 2020

    I call the applicant but his contact was not going through but I was able to speak to one of his reference name Frank Amoah and promise to inform him to make the payment

    Log in to reply • Share
  • Benjamin    Jan 12, 2020

    I'm unable to contact Rene Gyimah Amoah, but I managed to get hold of his brother Frank Amoah. Apparently, Rene Gyimah Amoah has traveled abroad, resulting in he been late in payment. I asked his brother Frank to contact him so that he can honor his commitment to Zidisha.

    Log in to reply • Share
  • Rene Gyimah    Oct 14, 2019

    I need time for business to pick up

    Log in to reply • Share
  • Rene Gyimah    Sep 4, 2019

    Children are going to school and I need to buy loads of items for them

    Log in to reply • Share
  • Rene Gyimah    Jul 19, 2019

    I need time to adjust my business

    Log in to reply • Share
  • Rene Gyimah    Jun 15, 2019

    Business is slow

    Log in to reply • Share
  • Rene Gyimah    May 5, 2019

    I have to reduce it in order to make enough money for paying my store levy

    Log in to reply • Share
  • Rene Gyimah    Apr 20, 2019

    I'll use this loan to expand my shop as I have already said. Sardines, toffees, flip flops and the rest will be bought. This will increase my profit by 45%.
    What can I say, I'm overjoyed by the trust my lenders have had in me. Thanks so much and I promise you that I will never let you down.

    Log in to reply • Share
  • Rene Gyimah    Apr 10, 2019

    The outcome of my last loan was very impressive. I made a lot of profit from it. I got a 45% increase in profit and I was able to prepare some nice food for needy children in my community. I was able to to buy a laptop computer to help me be computer literate

    Log in to reply • Share
  • Rene Gyimah    Feb 5, 2019

    I'll like to reduce my instalments for the next month to help me get new items to boost sales

    Log in to reply • Share
  • Rene Gyimah    Dec 31, 2018

    Thank you so much for your help with this loan. I had a lot of problems with sales and most of my goods unfortunately expired so I’m now making money from my sales. Thanks

    Log in to reply • Share
  • Rene Gyimah    Oct 16, 2018

    Having financial difficulties

    Log in to reply • Share
  • Rene Gyimah    Sep 4, 2018

    Zidisha keeps on helpin entrepreneurs reach their goals with a hustle free loan.

    Log in to reply • Share
  • Rene Gyimah    Aug 3, 2018

    Zidisha is doing a good job of helping genuine businesses grow without a cutthroat interest rate in Ghana which can go up to 32-40%.

    Log in to reply • Share
  • Rene Gyimah    Jul 6, 2018

    Business is slow for sometime now

    Log in to reply • Share
  • Rene Gyimah    Jun 24, 2018

    I'm having problems with the shop. I've bills that needs to be paid

    Log in to reply • Share
  • Rene Gyimah    Jun 5, 2018

    I thank zidisha for how far you've been brought me.

    Log in to reply • Share
  • Rene Gyimah    May 20, 2018

    Business is slow for sometime now

    Log in to reply • Share
  • Rene Gyimah    Apr 17, 2018

    This community has been with us through thick and thin and we shall make it together. Long live Zidisha

    Log in to reply • Share


Loading...

Loading...

Loading...