Buying of carpentry tools and equipment

Obeng Justice

Berekum, Ghana

16% repaid

Entrepreneur

Name

Obeng Justice

Location

Berekum, Ghana

On-time repayments

12 weekly installments  •  83%

About Me

My name is Obeng Justice. I am the second born of my parents. I attended Mpatasie Presby and Junior High School.
Due to financial difficulty I could not further my education to the senior high school level
I was lucky. One day my uncle who has travel to overseas for the past fifteen years return to Ghana. He asked me what do I want to in future. I told him that I want to be a good and famous carpenter in future.
He helped me to learn carpentry from a famous carpenter nick named carpy. This is how I overcame hardship in future.
The hobby I like best is football. Football is a game played by 22 players. 11 players at one side of the football pitch and the 11 players on the other side of the pitch. It is played for ninety minutes. At the end if the game the team that has the highest number of goals has won the game.
The people in my community celebrate kwafie festival at the end of every year to remember their ancestors and also ask for protection and good health in the coming year.
The children in my community studies hard.

My Business

Carpentry is my work. I am a renowned carpenter. I make funitures for resale. I have large customer base.
I chose this business because the service of a carpenter is needed very much in human life.
It cost me $500 to operate my business in a month. My revenue is estimated to be $200 a week.
I use part of my profit to donate to orphans.

Loan Proposal

If the loan is been given to me I will used the money to buy carpentry tools such as hammer, saw, And also different types of saw such as tenon saw, hart saw. Cross cut saw,. I will also you see of the money to buy materials such as paper glue, adhesive, nails, and Polish. The price of the a hammer is 5 dollars so I will buy 5 hammers because I have get more people to learn the carpentry from me so the price of the 5 hammers will be 25 dollars and the price of a tenon saw is 10 dollars and of a hart saw is 12 dollars and that of a cross cut saw is 18 dollars so the price of the saw that I will buy is also 40 dollars. And the price of a paper glue, nails and the adhesive is 55 dollars so the price of the tools and the materials that I will used the loan to buy is 120 dollars. If am been able to buy the tools and equipment it will help me a lot because it will help me to work faster and easier and also help me to produce more furniture to be sale for money. If am been able to buy the tool my profit that I used to earn every week will be doubled because I will be able to produce more. Thank you very much and I wish my loan proposal will be soon fund that you very much. God richly bless you Zidisha

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$136.50

Date disbursed

Mar 19, 2018

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $4.66

Credit risk payment: $9.32

Other loans

Lenders

T

Tmann

Los Angeles, United States

investor

Candiac, Canada

Kjartan

Oslo, Norway

Raoul72

Naarden, Netherlands

P

Puffnstuff

Auckland, New Zealand

T

Tallago3

Munich, Germany

C

chrisherron

Chicago, United States

G

grahamfamily

Guildford, United Kingdom

P

planespotter

Berlin, Germany

L

loistf

Madrid, Spain

B

BClay

Campbell, United States

G

glh25

Winooski, United States

nmatpt

Lisboa, Portugal

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

F

Forfex

Zurich, Switzerland

ibc123

Seattle, United States

Evan Lamos

Brussels, Belgium

M

martyb

United States

F

FSO

Canada

S

sarah4d2

Saint Louis, United States

smastermind

Jerusalem, Israel

V

vbud

United States

J

JonAlec

United States

J

jocor

Germany

N

nedenchase

United States

Matthias Schulz

Berlin, Germany, Germany

T

Tim

Cologne, Germany

RM

Ron Maze

United States

Grégoire

Zurich, Switzerland

A

Anonymous

United States

H

helle

New Zealand

Paul Buchheit

Mountain View, United States

Ask Obeng a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...