Buying of baking equipment

Rita Essel

Central Region, Cape Coast, Ghana, Ghana

Loan disbursed

$0 to go

100% lent of $260 goal

0

days left

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Entrepreneur

Name

Rita Essel

On-time repayments

4 weekly installments  •  100%

About Me

My name is Rita Essel and I am twenty-five years of age. I was born and grew up in Central Region in a town called cape coast. I have three sisters and one brother so total we are five in a family. I have completed Senior High School and I went to Vocational Institute which I study Deco, Cake and Pastries which I completed last year September 2020. After completing Vocational Institute, I decide to buy my personal equipment and things to start a business with, because I have been marketing myself and doing ordering when I was in Vocational Institute.

My Business

I am a baker and a decorator, I bake cake and pastries for individuals and occasions (such as wedding, engagement, birthday parties, funeral etc.) and I also do decoration for occasions.

Loan Proposal

I want to establish my own business with my own equipment. I have been doing orders but luck of equipment I have to borrow from other people and sometimes I rent it so I will use the loan to buy myself equipment and things I will need for my work.

Income Source

I have been saving money from every order I get which I use some to buy my ingredient I need for baking and the rest for future use so paying back the loan won’t be much pressure on me.

Feedback

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Lenders

Andrew

Seattle,  United States

Jochen

Switzerland

mikeice

Kohler,  United States

G

guenter

Bremen,  Germany

EH

Ed Hendrickson

Ames, Iowa,  United States

B

Barbra

United States

Show all

Loan Info

Disbursed amount

$258.59

Date disbursed

Apr 14, 2021

Repayment status

On Time

Projected term

4 weeks

Cost of loan

Service fee: 5% of $258.59 = $12.88

Credit risk payment: $38.63

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