Building materials for my hardware store

Collins

Berekum, Ghana

100% repaid

Entrepreneur

Name

Collins

Member since

March 2015

On-time repayments

69 installments  •  25%

About Me

My name is Collins Adjei from Drobo in the Brong Ahafo Region. I am 28 years of age, born at Drobo to Mr and Mrs Duah who are all farmers.
I had my primary and junior high school education at Berekum Assemblies of God preparatory and junior high school. After I had completed, I continued at St. James seminary and senior high school at Sunyani. I then attended Mount Mary college of education to be trained to become a teacher in 2010.
I am currently working under Ghana Education Service as a teacher and I have been posted to Adom junior high school which is in Berekum.
I entered into hardware business in 2013. I did this because I saw that the people in the area were finding it difficult to get access to hardware items. I have been able to employ three people who are helping me when I go to work.

My Business

I established this business in the early 2013 with the sum of about 1000 dollars. The hardware store is located at Adom new town were I am living at and the store is near Lincoln preparatory school. Some of the materials at the store include cement, nails, paints, iron rods, and many more.
I entered into hardware business because I found out that the people at Adom new town were finding it difficult to get access to building materials because the area is a new site.
Thought the establishment of the business, people at Adom new town have gotten easy access to building materials which have help them to reduce risk of going to town to buy hardware goods. I have employed three people who help me and take care when I am not at store.
I will like to establish a new branch and sell hardware goods that are not available at my store and also would like to expand my business in other to provide more goods to the community and employ more people to reduce unemployment in the area. I will buy some items like cements, paints, nails, iron rods and plywood. I estimated about 3500 dollars for my expansion work. I am able to make a profit of about 30 dollars to 40 dollars a week.
REPAYMENT
I will be able to repay any loan offered me from the sale of the goods I sell.

Loan Proposal

I am planning to expand my business by purchasing additional building materials to make my store look attractive to the public. I will be able to increase my profit margin. This will help me to pay my employees who are helping me in carrying out the business. It will also help me to further my education.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$186.00

Date disbursed

May 27, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

A

alexschrank

Cincinnati, United States

Grandma2k

Cedar Hill TX, United States

O

osubucks45

United States

B

bovine

United States

M

Mcohan21

United States

M

moodystreet1

United States

FrancoisGarcia

Montreal, Canada

GiselleF

United Kingdom

Dreamworks.nl

Den Haag, Netherlands

J

juniormint

United States

D

dcktdjc

United States

D

ducks127

United States

S

suraj_sindhia

United States

S

stevemorin

United States

T

tengbao

United States

V

vkodai

United States

A

alazybum

Australia

G

GreenTomato

United States

jonnyhj

Stockholm, Sweden

M

meiyiz

United States

N

Nijntje

Netherlands

M

Mal57

Australia

G

gclimer

Chattanooga, United States

B

bvirlet

United States

A

ATMiller

United States

R

richardbrewster

United Kingdom

B

brianchicago

United States

E

eliastheroux

United States

M

mitchmk84

United States

S

salonasante

United States

N

Nekochan26

United States

Bigbenhoward

Boise, United States

B

BarbG

United States

E

EKuras

United States

J

Jrung

United States

S

salathe

United States

J

jenmcintyre

United States

R

ruth11

United Kingdom

T

toulouse

United States

C

cathyu2crazy

United States

smastermind

Jerusalem, Israel

E

ewaters1

Australia

alrisha11

United States

J

jlhardes

United States

E

expatri

United States

C

CraigInCo

United States

Q

qeorge

United States

D

Dowdin

United Kingdom

O

OzMonkey

Australia

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

A

avital

United States

belvi

Hoogeveen, Netherlands

M

Mkaput926

United States

J

JonAlec

United States

H

HLCharityFund

United Kingdom

R

rwebb

United States

Grant Xavier Storer

Seattle, Wa, United States

S

shivasj

United States

R

reganbrian

United States

M

Marielle

United States

A

aajmp

United States

G

gvstars

United States

Adrien Norulak

Zurich, Germany

R

Rajendra

Jamkhed 413201 Maharashtr, India

soufee108

United States

D

dh1423

United States

N

nedenchase

United States

G

Gfunkey

United States

J

JamieRobertson

United Kingdom

R

R3SonicBlueGT

United States

S

StefanB

Stockholm, Sweden

R

rokbe

Netherlands

M

Meral

Germany

Andrew267

Birmingham, United Kingdom

JF

Jason Foti

United States

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$189.50

Amount remaining

$0.00

Date repaid

Jul 12, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 7, 2015 $31.50 Jun 7, 2015 $31.50
Jun 14, 2015 $31.50 Jun 14, 2015 $31.50
Jun 21, 2015 $31.50 Jun 21, 2015 $31.50
Jun 28, 2015 $31.50 Jun 28, 2015 $31.50
Jul 5, 2015 $31.50 Jul 5, 2015 $31.50
Jul 12, 2015 $32.00 Jul 12, 2015 $32.00

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