Buying provisions for my shop

Nsiah

Asuofua, Ghana

45% repaid

Entrepreneur

Name

Nsiah

Member since

November 2017

On-time repayments

115 installments  •  16%

About Me

My name is Nsiah John. I was born to Mr and Mrs Nsiah at Asuofua in the Ashanti Region of Ghana. I had my basic education at Asuofua D/A JHS and my secondary education at Kumasi Academy. I also attended Mampong technical college of education so I am a teacher by profession. In life hardship are bound to come but I overcome mine through perseverance and hardworking. I never give up until I have achieve my goals. In life you can't depend on only monthly salary alone and there was no provisional store in my neighborhood so I decided to start provisional store to increase my source of income and reduce the stress of people in my neighborhood walking long distance to get simple things to buy. I want my children to be critical thinkers and also to able to make a positive impact in the society that they live. My hobbies are reading novels and also listening to inspirational 

My Business

The goods I sell in my store are milk, Milo, sugar, rice ,soft drinks, eggs, biscuits, sardines etc. Most of the people in my community are government workers so they don't farm and there are about two schools around so most of them demand for those things. The market was there for me and demand is high especially during school days. I choose this business because there was no provisional store in my neighborhood and people have to walk long distance to buy those things so there was a market for it. I use my profit to cater for my siblings and save some towards expansion of my business.

Loan Proposal

I want to use the loan to buy 2 bags of rice, tins of Milo, soft drinks, biscuits and sanitary pads for my shop. Through this I can increase my profit margin and use the profit to expand my shop and also help cater for my siblings schooling. I expect the profit to increase by 20%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$90.00

Date disbursed

Jan 11, 2018

Repayment status

Late

Projected term

25 months

Other loans

Lenders

moursund

Beaver Nation, United States

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