Entrepreneur
Name
Oppong Anthony
Member since
July 2016
On-time repayments
38 installments • 34%
About Me
My name is Vincent Anthony Oppong ans also the first child of my parents.I was able to attend and complete my basic education when my parents were alive and kicking.Right after completing my secondary education,my father passed away so things bacame very tough for my single parent mother.I was able to consult my uncles for assistance to support my younger siblings my father left behind.By the grace of God,I have been able to cater for my siblings education but I am short of funds since everything about their schooling was provided by me.I live in an area where the people deal in business but not what am selling now.I want to continue schooling in order to make my children the successful type.I want them to helpers to the needy and the aged and not to suffer as I have but rather work hard to perform certain social responsibilities to help the community and nation as a whole.All the above can happen if and only I get the needed assistance to develop my business.I love to read and play football whenever am free and also when am bored and have nothing to entertain me.
My Business
I sell stationeries like books,pens,erasers,calculator s and most of the things needed basically to support education.These things are in demand because households buy them for their children and wards to go to school,entrepreneurs also buy them to keep records of their firms and businesses.Always people need them for their functions assigned time.It also has its season time where demand becomes very high and sometimes it becomes very hard to supply all the quantities needed by the customers.I chose this business because I realized it was not in existence at the area I was but people travelled far from home to buy them from neighbouring towns when they needed them.So to ease the pain of moving up and down to get those stationeries,I consulted my uncles and they helped .Also I had education at heart so decided to venture into anything that can promote education.The cost I incur are monies that I spend in acquiring the materials or goods for sale and also monies that I use to buy food when I go to sell.I also get the revenue from sales proceeds and also savings made.I also plough back the profit into the business.I offered business in school so I am able to manage the business well.Although I plough back some of the profit back ,I also use some to cater for my siblings and my sick mother who cannot work due to her condition.I save some of the profit and later reinvest into the work when am short of funds.
Loan Proposal
Am going to use the money to get more book, pens and so many things which will help students to learn which I will make some profit out of it.And I promise to use the money judicially so that I can repay in time which will give me the opportunity to borrow again .Again this loan is going to help me to make more profit so that I can also save some aND continue my education in the future and students in my community are going to benifit without going to big towns.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$33.00
Date disbursed
Jul 28, 2017
Repayment status
On Time
Projected term
7 weeks
Other loans
Lenders
United States
France
United States
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