Rent for location to expand into juicing business

Daniel

Takoradi, Ghana

11% repaid

Entrepreneur

Name

Daniel

Member since

August 2019

On-time repayments

67 installments  •  46%

About Me

I am Daniel Kuumaaru from Takoradi-Ghana.
I got my Junior High education at Saint Andrew's Junior High School at Nandom and proceeded to Saint Michael's Boys Senior High School also located at Nandom. From there, I gain admission to study Higher National Diploma in Accountancy at Takoradi Polythecnic.
Throughout my tertiary education, all I wanted to do is to be an Entrepreneur, to setup businesses and employ others to work since there is high unemployment in my country. This high unemployment is due to the fact that, every graduate wants to work in Government offices which can absorb only 25% of this number of graduates.

My Business

I started my business which is Millet processing through personal savings and financial support from family and friends.
Overcoming every obstacle,which is to walk on foot from several kilometers in order to get customers for my product and the business has gain me a higher return on my investment.

Loan Proposal

I will use the money to rent an apartment for the juice extractor machine I just bought in order to start business.
Am operating my business in a small apartment which I need to relocate.

Income Source

Since my product is a food base which is essential for human consumption, I still see much revenue to be generated despite the economy hardship.
There is still much demand for my product. And with this, I will be able to raise money to repay my loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.00

Date disbursed

Apr 9, 2021

Repayment status

Late

Projected term

3 months

Lenders

F

Frits

Rotterdam, Netherlands

GC

Greger Cronquist

Göteborg, Sweden

Paul Buchheit

Mountain View, United States

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