Business loan for grocery store

Sarah Djaba

Tema, Ghana

100% repaid

Entrepreneur

Name

Sarah Djaba

Location

Tema, Ghana

On-time repayments

25 weekly installments  •  100%

About Me

My name is Sarah Djaba. 44 years old and a trader. I am a Ghanaian living in Tema, Greater Accra Region. I deal in assorted goods like food, drinks, toiletries, beverages and many others.
I need the loan to help me expand my business due to the fact that the demand for the goods is high and my capital is low to the demand.

My Business

I operate a retail grocery store with assorted goods like beverages, canned foods, diary foods, drinks, toiletries, bread and many others. It has been in existence for some years now and it is helping the community in which I live. It is a small scale retail store licensed, accredited, and also have met all necessary tax requirements to operate.

Loan Proposal

Like I say always. My business is a retail grocery shop with a lot of variety of food items like bread, daily products, drinks, toiletries, mineral water, candies, canned foods, ect. The loan will help me buy more goods to fill my shop to meet the demands of my community since the thing I sell are good items and it is a daily needs of the people.

Income Source

I make profit from the things I sell. And this means that, the more I sell, the more profit I make.. I also save a lot on the returns from my business to be able to pay all cos incurred. Since what I sell is a daily necessity, it has the market. People buy a lot from me. This is the reason why if I am given the loan, it will help me create more market to sell more. Therefore, I will be able to repay the loan from the profit I make from sales.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$111.77

Date disbursed

Apr 1, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $4.81

Credit risk payment: $9.63

Lenders

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