Mary
Madina, Accra, Ghana
100% repaid
Name
Mary
Member since
April 2015
On-time repayments
300 installments • 57%
My name is Mary Okai. I am 45 years of age. I live in Madina,opposite assemblies of God church. I attended little angels primary school in lagos-Nigeria,and i attended Girls Academy for my secondary school education.I got married to a Ghanaian and moved to Ghana.
I see moving to Ghana as a blessing because when i got here i knew nothing about my surroundings. I quickly familiarized myself with the environment and made friends with people.Then I looked for the quickest business i could venture into which could both be lucrative and less tiring.Thats when i started buying goods to resell.
Ghana has a lot of tourist sites,and the people are very simple and hospitable.This kind of warm reception made me decide to live in Ghana permanently.
I have five children;3 girls and 2 boys.My first daughter wants to be a computer scientist,my other two daughters want to be doctors and my sons want to be lawyers.
When i have nothing doing i enjoy braiding my daughters' hair,and baking pastries for my family.
I buy and resell kitchen appliances and utensils.These goods are high in demand because they are mostly bought by women and students in the hostel.I chose this business because if the right capital is invested in it it could be very lucrative.
I normally use $500 to buy and when i resell i get a profit between $200 and $250 I use my revenue to help my husband in taking care of the children,and providing certain household needs.I then use the rest to repurchase my goods to resell.
I will use the loan to purchase kitchen appliances such as blenders, rice cookers, toasters,kettles, microwaves and mini ovens to resell. I will use $80 to purchase the blenders, $100 to purchase rice cookers, $80 to purchase toasters, $100 to purchase kettles, $120 to purchase microwaves and ill use $130 to purchase mini ovens.
I hope to get between 30-45% profit on these goods after resale. The profit I get from this venture, ill use it to take care of my family,reinvest in my business and contribute to the orphanage in my vicinity.
Positive
6
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$623.00
Date disbursed
Jul 16, 2016
Repayment status
On Time
Projected term
10 months
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BernadetteV Dec 8, 2017
BernadetteV May 18, 2017
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