Buying provisions for my shop

Peprah Prince

Sunyani, Ghana

100% repaid

Entrepreneur

Name

Peprah Prince

Member since

June 2016

On-time repayments

122 installments  •  87%

About Me

My name is Peprah Prince, 26 years of age. A hardworking and a very determined young man. I completed my basic education in 2008 went to the senior high school school for 4 years and completed in the year 2012. I'm currently working in my provision shop I opened few years ago. I am single and have not married yet. My parents were not rich but gave birth to 7 children of which I'm the 4th born. When I completed senior high school, my parents did not have money to cater for me in the tertiary institution that made join a sachet water company to work there. I worked there for some months and decided to start my own business.

My Business

The business I'm currently into is a provision store. This business is a shop opened for retailers. I go to buy some of the things I sell from whole sailors and come and sell them to my customers. I sell things like sardines, biscuits, tomato paste in tin, soaps, washing powder, Milo, milk, sachet water, bottle water and others. How I got this money to start this was the money I got from the sachet company when I was working there. I started this business with an amount of 100 Ghana cedis. Initially I use to collect some of my goods on credit then pay back after selling and still collecting some on credit.

Loan Proposal

I will be using this money in buying provisions ( thus different kinds of biscuits) and pie in addition to my drink shop.
Sometimes my customers buy drinks and needed something in addition to the drink but find it difficult to get because I don't have such items. These items are at times eating as snark and therefore helping people to quench their before taken their actual meals

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.15

Date disbursed

Jun 30, 2016

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Service fee: $0.51

Lenders

David McLauchlan

Seattle, United States

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