Building materials for a hardware shop

Bismark

Techiman, Ghana

100% repaid

Entrepreneur

Name

Bismark

Member since

June 2018

On-time repayments

7 installments  •  86%

About Me

I am the first among five and from a God fearing family. I am an intelligent and clever both in school and in the business community. I had every support I needed in my early childhood days but everything changed when my dad went in for another woman.
Things became so difficult that I had to sell SIM cards and credit cards on the street to take care of my family. I was saving to start something on my own and I had a help from an old friend who supported me financially.
I moved from Kumasi to stay at Kintampo because it's a developing town with lot of opportunities. Kintampo is a farming community where most of the educated still farm on part time. After some time I realized most of the people had started building and so I decided to start selling building materials. I would also love to sell farming tools and equipments since farming is like a culture here. I am not married at the moment and have no kids.

My Business

Kintampo is a developing town where most are now building so building materials are the items most people buy so I sell building materials like oil paints and emulsion paints. I also sell nails of all inches and sizes. I sell pick axe and shovels. I have also started asking about cement sales since that is what the people buy most but I can start now since it demands a lot of money so I have decided to attach wood selling to raise enough capital to start the cement business.

Loan Proposal

I want to expand my building materials business to attract more customers in order to generate more income so I can help finance my siblings in school. I want to attach cement selling to my shop. I want to also sell roofing sheets and plywood of all types. I want to also sell iron rods of all sizes. With this loan I will be able to get all these things in order to expand my business.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$9.00

Date disbursed

Jun 8, 2018

Repayment status

On Time

Projected term

2 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Bismark    Sep 18, 2018

    I have received 120 GHS. I will buy a box of louver frames. A very big Thank you to all my lenders. God bless you very much.

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  • Bismark    Sep 5, 2018

    I received 120 Ghana cedis.
    I would buy boxes of nails of all kinds (concrete, ordinary and roofing) and all sizes. I would retail them to my customers. My biggest gratitude and appreciation to all my lenders. God bless you very much.

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  • Bismark    Sep 4, 2018

    Thank you very much mr. Seppour Ruohonen. God bless you very much.
    I would buy boxes of nails of all kinds (concrete, ordinary and roofing) and all sizes. I would retail them to my customers. My customers and I would have a very good relationship since they can get most of their building materials from me.

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  • Bismark    Sep 4, 2018

    I bought nails of all sizes in boxes and retail them in pounds to my customers. I have been able to increase my profit by 10 percent. I used the earnings to buy books and clothing for my siblings

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  • Bismark    Aug 13, 2018

    A very big thank you to all my lenders. God bless you very much. I would buy Nails of all sizes and types (roofing nails, wall nails and ordinary nails) in boxes and retail them to customers in pounds. I received 71 Ghana cedis. Thank you

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  • Bismark    Aug 11, 2018

    What is credit risk? Someone should please help me out.

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  • Lisa    Aug 8, 2018

    happy to lend to you again!

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    • Bismark    Aug 9, 2018

      Thanks Lisa for your support. I really appreciate. God bless you

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  • Bismark    Aug 8, 2018

    I bought more wood for building purposes. It has increased my profit to about 12 percent. I used the the earnings to buy school uniform for my kid sister. Now I'm looking forward to buying a college form to further my education.

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  • Bismark    Jul 17, 2018

    Hi my dearest lenders, God bless you for this loan. I have been able to purchase Shovels to lend to contractors to enable them work faster and easier with the money you gave me. I received 59 GHS. Thank you very much and God bless you.

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  • Lisa    Jul 16, 2018

    great ideas! good luck!

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  • Bismark    Jul 16, 2018

    I bought shovels. I rent them out to contractors. I make 2 cedis out of each hiring.

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  • Bismark    Jul 6, 2018

    Hi my dearest lenders, God bless you for this loan. I have been able to purchase a weighing scale to enable me work faster and easier with the money you gave me. I received 47 GHS. Thank you very much and God bless you.

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