Buy tricycle for transport services

Derrick Selorm Lovewin

Somanya, Ghana

60% repaid

Entrepreneur

Name

Derrick Selorm Lovewin

Member since

March 2016

On-time repayments

84 installments  •  71%

About Me

I am a young man who strongly believes in investments. I am currently a professional teacher. I have responsibilities to take care of, being the breadwinner of my family.
l have therefore invested in some business ventures. An Everpure water depot in Somanya is being managed by my brother. I hereby need this loan to increase the quantity of goods supplied.

My Business

My line of business is an Everpure water depot at Somanya. Profits generated are used to pay school fees for my brother and also to solve some personal problems. I want to increase the quantity of goods supplied. I currently am able to take 500 sachet bags and 50-60 boxes. This quantity is sold within a month. The increasing demand by customers is what calls for this loan.

Loan Proposal

Hello Lenders! Determination is key to success. Thanks for your support ever since I join Zidisha. It has really saved my business. I now want to add transport of the bought sachets of the waters to help customers have a safe delivery of them. Hence the need of the tricycle. It cost $600. After funding of this loan I'll add some generated revenue to purchase it for use. The tricycle will also geberate income when bought hence making life more simple. Thank you and I humbly plead for your support in funding this loan.

Show original English  

About Me

I am a young man,who strongly believe in investments,am currently a professional teacher n have responsibities to take care of,being the bread winner of my family
l have therefore invested in some business venture.An Everpure water depot in somanya n is being managed by my brother.I hereby need this loan to increase the quantity of goods supplied.

My Business

My line of business is an Everpure water depot at somanya,profits generated is used to pay fees for my brother and also solve some personal problems.I want to increase quantity of good supplied. currently am able to take 500 sachet bags and 50-60 boxes.This quantity is sold within a month. The increasing demand by customers is my worry that is what calls for this loan. I therefore want to increase the intake from 60 boxes of bottled water to 100 boxes and 500 to 800 sachets which cost 600£.

Loan Proposal

Hello Lenders! Determination is key to success. Thanks for your support ever since I join Zidisha. It has really saved my business. I now want to add transport of the bought sachets of the waters to help customers have a safe delivery of them. Hence the need of the tricycle. It cost $600. After funding of this loan I'll add some generated revenue to purchase it for use. The tricycle will also geberate income when bought hence making life more simple. Thank you and I humbly plead for your support in funding this loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$211.00

Date disbursed

May 20, 2018

Repayment status

Late

Projected term

2 months

Lenders

Y

Yasha

Beer Sheva, Israel

ads68

Melbourne, Australia

Treesforpeople

Oxfordshire, United Kingdom

TyWee

Manila, Philippines

PC

Patrick Clavette

Hartford, Wisconsin, United States

Emma

Australia

Benjamin Kniaz

Boston, United States

Alex

Ohio, United States

Paul Buchheit

Mountain View, United States

Michael Bauschke

Dresden, Germany

SM

Shawn Murphy

United States

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  • Emma    Aug 18, 2019

    Hi Derrick, did you end up having any luck finding out what happened?

    If it would help, Zidisha staff can likely lower your repayment amount, & restructure your loan so you can just pick it up from here? Just pop them a msg & ask for some help :-) www.zidisha.org/forum-threa...

    Wishing you all the best, Emma from Australia.

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  • Derrick Selorm Lovewin    Nov 26, 2018

    Hello I have managed to pay 250 through the old repayment process. Sent it to the MTN merchant number we often use for payment but it has not reflected yet. Payment were done last week.

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  • Emma    Nov 1, 2018

    Hi Derrick,

    You've still got a 70% repayment score, which is still ok :-) If you go ahead & lower your repayments to something you can afford, you're certainly not too late, there's not that much damage :-)

    Wishing you all the best, I hope you don't get too down on yourself...
    Warm regards, Emma from Australia.

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  • Abigail    Aug 6, 2018

    My mentee has agreed to start payment because he has contemplated whether to reduce it to be able to pay on time and he is going to pay the amount on time.On contrary i have adviced him to adjust his loan payments if he finds it too high.Thank you lenders.

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  • Derrick Selorm Lovewin    Jun 5, 2018

    I really want to reduce the installment amount because the initial amount is too big and it will be difficult to get it within a week .I also want to keep on time repayments score high

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  • Derrick Selorm Lovewin    May 30, 2018

    Thank you lenders,pls I hv recieved the loan of 802Gh cedis.and I hv successfully bought the motorcycle for the transport of my sachet water

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  • Derrick Selorm Lovewin    May 12, 2018

    To God be the glory! I say a very big thank you to the Zidisha team and the loving lenders who by their kind and generous heart keeps improving my business venture. May God bless you all. This loan is going to serve it purpose of funding for the purchase of the tricycle which will put a stop to the transportation problem of my customers who buy from me and increase my revenue generation as well. Thank you Zidisha!

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  • Derrick Selorm Lovewin    Oct 14, 2017

    I really want to thank zidisha team for helping me change and improve my financial status.with the previous loans am able to purchase goods for my shop to full capacity.sales hv been booming and profits have increased.
    I have used some profit to acquire a bigger shop so as to stock in more goods.my junior brother school fees is no more a problem and I can even afford extra tuitions at home for him.

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  • Derrick Selorm Lovewin    Feb 27, 2017

    Hello Lenders! I have successful received your loan GHS 895 and will soon proceed to buying the depot as proposed. I thank you for your timely effort in funding and may God bless you.

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  • Derrick Selorm Lovewin    Feb 23, 2017

    I say a very big thank you to every Tom, Dick and Harry in funding my second loan. With this loan I will make raised internal funds and add it to this to purchase the container. I will also make an order to increase my water intake as well. God bless you all.

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  • Derrick Selorm Lovewin    Feb 22, 2017

    Thanks for the advise.

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  • Derrick Selorm Lovewin    Feb 3, 2017

    Thank you my lenders and the Zidisha Community. I have by deed of hardwork completed repaying my first loan and would like to say it has been well with me in the purpose I applied the loan for. God bless you.

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  • Seth    Aug 11, 2016

    All the best in your business Derrick. It is well.

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  • Derrick Selorm Lovewin    Jun 19, 2016

    I really want to thank zidisha for giving me the opportunity to grow my business.Am greatful and am looking forward to working with you. I want to ask that why do u change your repayment number

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  • Derrick Selorm Lovewin    Apr 26, 2016

    Finally, I have received my loan today. Hoping to get the best of result out of it.

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  • Derrick Selorm Lovewin    Apr 14, 2016

    I'm very excited knowing that my loan was fully funded. Thanks to Zidisha and my only lender Paul. Still waiting for it disbursement.

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