Baking flour and equipment
Richard
Elmina In Cape-coast, Ghana
100% repaid
Entrepreneur
Name
Richard
Member since
February 2015
On-time repayments
291 installments • 58%
About Me
I am Richard Asamoah, 25 years old. I started my primary education at Super Confidence International School. I furthered my junior education at T. I. Ahmadiyya Junior High School - Asokwa. After I obtained my Junior High certificate, things became unbearable for me. So I had to leave my parents and I lived with a relative. I like the Ashanti culture because I could see them eating "fufu" early morning or late at night. Moreover, their language is very powerful in the sense that is dominating all over Ghana. What I enjoy most is table tennis, the reason being that it involves all the body parts and is also good exercise.
My Business
My business is entitled Good Father Bakeries. It is located at Asokore Mampong. Initially, I was the only baker who established myself there, so the demand and supply were very high and I was making quite some profit. I chose this business because my locality didn't have any bakery centre, so after awhile I decided to venture into that. The interest, or better still the profit gained, is reinvested into the business to extend my productions. I want to produce on a larger scale to provide for the length and breadth of Kumasi.
Loan Proposal
I will buy baking flour together with bakung equipment at a cost of 1500 dollars.I will expand my business boundaries and employ more working force.This has made me more reliable and dedicated to the extent that I pay my siblings fees.This loan will increase my profit margin by 32%.Thank you all
About Me
I am Richard Asamoah, 25 years old and I started my primary education at Super confidence international school were i furthered my junior education at T. I Ahmadiyya Junior High school -Asokwa. After i obtained my Junior High certificate, things became unbearable for me. So had to leave my parents and lived with a relative. I like the Ashanti culture because i could see them eating "fufu" early morning or late at night. And moreover their language is very powerful in the sense that is dominating all over Ghana. What i like enjoying most was table tennis, the reason been that it involves all the body parts and also a good exercise that is.
My Business
My business is entitled Good Father Bakeries located at Asokore Mampong. Initially i were the only baker who eatablised myself there, so the demand and supply were very high and was making quite some profit. I chose this business because, my locality wasnt having any bakery centre so after a while i decided to venture into that. The interest or better still the profit gained is reinvested into the business to extend my productions. I want to produce on a larger scale to providin for the length and breadth of Kumasi.
Loan Proposal
I will buy baking flour together with bakung equipment at a cost of 1500 dollars.I will expand my business boundaries and employ more working force.This has made me more reliable and dedicated to the extent that I pay my siblings fees.This loan will increase my profit margin by 32%.Thank you all
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Loan Info
Project Type
Classic Loan
Disbursed amount
$967.00
Date disbursed
Aug 25, 2017
Repayment status
On Time
Projected term
8 months
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Summary
Amount repaid
$966.99
Amount remaining
$0.00
Date repaid
Feb 12, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 4, 2017 | $59.88 | Sep 4, 2017 | $59.88 |
| Sep 11, 2017 | $23.95 | Sep 11, 2017 | $23.95 |
| Sep 18, 2017 | $23.95 | Sep 18, 2017 | $23.95 |
| Sep 25, 2017 | $23.95 | Sep 25, 2017 | $23.95 |
| Oct 2, 2017 | $23.95 | Sep 25, 2017 | $2.40 |
| Oct 2, 2017 | $21.56 | ||
| Oct 9, 2017 | $23.95 | Oct 2, 2017 | $2.40 |
| Oct 10, 2017 | $21.56 | ||
| Oct 16, 2017 | $23.95 | Oct 10, 2017 | $2.40 |
| Oct 16, 2017 | $21.56 | ||
| Oct 23, 2017 | $23.95 | Oct 16, 2017 | $2.40 |
| Oct 30, 2017 | $21.56 | ||
| Oct 30, 2017 | $23.95 | Oct 30, 2017 | $2.40 |
| Nov 6, 2017 | $21.56 | ||
| Nov 6, 2017 | $23.95 | Nov 6, 2017 | $4.79 |
| Nov 13, 2017 | $19.16 | ||
| Nov 13, 2017 | $23.95 | Nov 13, 2017 | $9.58 |
| Nov 20, 2017 | $14.37 | ||
| Nov 20, 2017 | $23.95 | Nov 20, 2017 | $14.37 |
| Nov 27, 2017 | $9.58 | ||
| Nov 27, 2017 | $23.95 | Nov 27, 2017 | $19.16 |
| Dec 4, 2017 | $4.79 | ||
| Dec 4, 2017 | $23.95 | Dec 4, 2017 | $23.95 |
| Dec 11, 2017 | $23.95 | Dec 4, 2017 | $4.79 |
| Dec 11, 2017 | $19.16 | ||
| Dec 18, 2017 | $23.95 | Dec 11, 2017 | $4.79 |
| Dec 18, 2017 | $19.16 | ||
| Dec 25, 2017 | $23.95 | Dec 18, 2017 | $4.79 |
| Dec 25, 2017 | $19.16 | ||
| Jan 1, 2018 | $23.95 | Dec 25, 2017 | $4.79 |
| Dec 31, 2017 | $19.16 | ||
| Jan 8, 2018 | $23.95 | Dec 31, 2017 | $20.84 |
| Jan 9, 2018 | $3.11 | ||
| Jan 15, 2018 | $23.95 | Jan 9, 2018 | $20.84 |
| Jan 15, 2018 | $3.11 | ||
| Jan 22, 2018 | $23.95 | Jan 15, 2018 | $23.95 |
| Jan 29, 2018 | $23.95 | Jan 15, 2018 | $23.95 |
| Feb 5, 2018 | $23.95 | Jan 15, 2018 | $23.95 |
| Feb 12, 2018 | $23.95 | Jan 15, 2018 | $23.95 |
| Feb 19, 2018 | $23.95 | Jan 15, 2018 | $20.84 |
| Jan 22, 2018 | $3.11 | ||
| Feb 26, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Mar 5, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Mar 12, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Mar 19, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Mar 26, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Apr 2, 2018 | $23.95 | Jan 22, 2018 | $23.95 |
| Apr 9, 2018 | $20.84 | Jan 22, 2018 | $20.84 |
| Apr 16, 2018 | $71.86 | Jan 29, 2018 | $71.86 |
| Apr 23, 2018 | $71.86 | Feb 5, 2018 | $71.86 |
| Apr 30, 2018 | $23.95 | Feb 12, 2018 | $23.95 |
guenter Aug 20, 2018
Mary Feb 13, 2018
Richard Mar 28, 2018
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