Beverages, Rice, and Other Stock; Also Need To Repair My Shop's Refrigerator
Augustine
Berekum, Ghana
14% repaid
Entrepreneur
Name
Augustine
Member since
June 2015
On-time repayments
232 installments • 8%
About Me
I am bediako augustine . A native of Berekum in the Brong Ahofo Region of Ghana. i started my basic education school at Berekum M/A Basic. After my Basic education i went to Juaben senior high school in Juaben.
After secondary school i had the chance to attend tertiary but due to financial constrains i entered into farming(poultry) . i was working with a friend in his farm(poultry) for about two years when i taught of starting my own poultry farm at my community (Nyametease). Although it wasn't easy for the start because my capital was very low and at the same time i was finding for myself and a younger brother who was also in junior high school.
My Business
Andy Best is the name of my farm. i rear chickens like White Leghorn, Cornish breed and many more. its a small poultry farm located in my community.
I got to know that before people of my area will have access to it. As a result i decided to established this farm there. Again as i started this farm i was able to get revenue to assist my brother's education and myself. This has reduce the dependency rate on my parents who are peasant farmers.
The cost and accessibility to foods like eggs and meat to my people have also reduce and the have easy access to these foods.
Loan Proposal
I will use the loan to buy different beverages like Milo, coffee, Lipton etc. I will buy three bags of rice with unit price of $30 per one , Sugar and many more . I will repair my fridge so that i can sell cold water and minerals too .These items will help to attract more customers in my area. also my community doesn't need to take taxi to the city to buy their needs. It will help me to cater for my child, two siblings and my wife. with the support from my lenders my profit margin will increase from$40-$50 a week to $50-$70 a week.
The increase in profit margin will help me to pay my loan when granted and also assist me re-invest my remaining or surplus to expand my business.
hope my cherished lenders will aid me acquire the loan.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$314.00
Date disbursed
Sep 1, 2015
Repayment status
Late
Projected term
52 months
Other loans
Lenders
United States
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