Buying local rice to sell

Frank Darko

Konongo, Ghana

100% repaid

Entrepreneur

Name

Frank Darko

Member since

January 2021

On-time repayments

21 installments  •  24%

About Me

I am Frank Darko from Konongo in Ashanti Region. I grew up from a poor background so I was taught about modesty. I am married with six children. I travelled outside the country some time ago and came back to Ghana due to lack of papers to work outside. I decided to work here in Ghana because I think I can make it no matter where you are. I was able to school up to second cycle education but could continue and decided to do business. Now it's my dream to open more shops across can so I can employ more youth in different areas to improve their lives. Back in school I was a good football player I still play football sometimes. I am happy to be part of the zidisha family.

My Business

I sell can foods and other foodstuffs at wholesale to my clients. We sell thi mgs like sacks of rice, Tin tomatoes, and all kinds of can foods. This business is very encouraging as most Ghanaian community depends mainly on can foods. The sales are very good and generate profit which is a low risky area to invest your money.

Loan Proposal

This loan is going to help me buy local rice and sell to my clients. The demand for local grown rice is high at retail price of Ghc120 per bag and sold Ghc150. This will help me raise a profit of Ghc90. With this profit I would reinvest in my business and seek it's growth.

Income Source

I would be paying from the sales I make from selling of the rice as the demand is high. I would abide by the time line set for me to pay the loan as expected.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.77

Date disbursed

Feb 3, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $3.55

Credit risk payment: $7.22

Optional expediting fee: $7.22

Lenders

Pere

Barcelona, Spain

A

AlexCheng

Seattle, United States

A

Austrian

Graz, Austria

R

richdullaghan

Encinitas, United States

Dayton

Vancouver, Canada

Kate Courteau

United States

JC

JD Conley

United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Sinan Taifour

Munich, Germany, Germany

SA

Shar Alamdari

Los Angeles, United States

A

Alex

United States

R

Roman

Germany

RS

Ralph Smyth

United Kingdom

S

sarah

Germany

W Phil Ratcliff

Columbus, United States

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