Business expansion

Anthony

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Anthony

Member since

October 2019

On-time repayments

13 installments  •  23%

About Me

I own an electrical and plumbing shop located at Kumasi, and I need an amount of money to boost my business but there's no where to turn to, so Zidisha please help me archive my business aim.

My Business

My business is fully around an electrical and plumbing materials. And it has been existence for two years now. My business is registered and approved by the National Commission of Ghana. I have been in business for the past two years and have shown a profit each year.
One of the reasons my shop is so successful is because it is the only electrical shop in the area of a five mile radius that serves authentic electrical materials.
To meet the growing demand for my specialty, I need to expand the shop, and add some new materials which are latex on on the market and I want to establish a new shop. The shop next door has agreed to sell me their premises for expansion at a fair market price.
I have already invested most of my profits in the restaurant and require the loan to expand in order to meet demand.
So please grant me this loan.
Thank you.

Loan Proposal

I am requesting this loan in order to expand my business. I have over five years experience of electrical work and two years of dealing in electrical materials.
I started the electrical shop two years ago with (¢10500) my personal money I was having in my account then, now the business is doing very well and the demand from customers has become very high. And due to the high demand of my customers I need to bring/introduce new materials/products into my shop, but there is no space in my shop to place those materials.
In order for me to introduce new products into my shop I need to expand the size of the shop, and I financial support. So I plea to Zidisha team to help me fulfill my customers demand.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Nov 17, 2019

Repayment status

On Time

Projected term

3 weeks

Lenders

M

Margaret

United States

M

Maria

Germany

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