Inventory of labor-saving kitchen appliances
Mary
Madina, Accra, Ghana
100% repaid
Entrepreneur
Name
Mary
Member since
April 2015
On-time repayments
300 installments • 57%
About Me
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.
My Business
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.
Loan Proposal
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.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$623.00
Date disbursed
Jul 16, 2016
Repayment status
On Time
Projected term
10 months
Lenders
Stockholm, Sweden
United States
United States
Ask Mary a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$654.09
Amount remaining
$0.00
Date repaid
May 17, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 27, 2016 | $15.50 | Jul 27, 2016 | $15.50 |
| Aug 3, 2016 | $15.50 | Aug 3, 2016 | $15.50 |
| Aug 10, 2016 | $15.50 | Aug 10, 2016 | $15.50 |
| Aug 17, 2016 | $15.50 | Aug 18, 2016 | $15.50 |
| Aug 24, 2016 | $15.50 | Aug 27, 2016 | $15.50 |
| Aug 31, 2016 | $15.50 | Sep 4, 2016 | $15.50 |
| Sep 7, 2016 | $15.50 | Sep 7, 2016 | $15.50 |
| Sep 14, 2016 | $15.50 | Sep 15, 2016 | $15.50 |
| Sep 21, 2016 | $15.50 | Sep 23, 2016 | $15.50 |
| Sep 28, 2016 | $15.50 | Oct 2, 2016 | $15.50 |
| Oct 5, 2016 | $15.50 | Oct 6, 2016 | $15.50 |
| Oct 12, 2016 | $15.50 | Oct 14, 2016 | $15.50 |
| Oct 19, 2016 | $15.50 | Oct 20, 2016 | $15.50 |
| Oct 26, 2016 | $15.50 | Oct 28, 2016 | $15.50 |
| Nov 2, 2016 | $15.50 | Nov 3, 2016 | $15.50 |
| Nov 9, 2016 | $15.50 | Nov 10, 2016 | $15.50 |
| Nov 16, 2016 | $15.50 | Nov 16, 2016 | $15.50 |
| Nov 23, 2016 | $15.50 | Nov 24, 2016 | $15.50 |
| Nov 30, 2016 | $15.50 | Dec 1, 2016 | $15.50 |
| Dec 7, 2016 | $15.50 | Dec 9, 2016 | $15.50 |
| Dec 14, 2016 | $15.50 | Dec 15, 2016 | $15.50 |
| Dec 21, 2016 | $15.50 | Dec 21, 2016 | $15.50 |
| Dec 28, 2016 | $15.50 | Dec 29, 2016 | $15.50 |
| Jan 4, 2017 | $15.50 | Jan 4, 2017 | $15.50 |
| Jan 11, 2017 | $15.50 | Jan 19, 2017 | $15.50 |
| Jan 18, 2017 | $15.50 | Jan 26, 2017 | $15.50 |
| Jan 25, 2017 | $15.50 | Feb 2, 2017 | $15.50 |
| Feb 1, 2017 | $15.50 | Feb 9, 2017 | $15.50 |
| Feb 8, 2017 | $15.50 | Feb 23, 2017 | $15.50 |
| Feb 15, 2017 | $15.50 | Feb 23, 2017 | $15.50 |
| Feb 22, 2017 | $15.50 | Mar 2, 2017 | $15.50 |
| Mar 1, 2017 | $15.50 | Mar 9, 2017 | $15.50 |
| Mar 8, 2017 | $15.50 | Mar 9, 2017 | $15.50 |
| Mar 15, 2017 | $15.50 | Mar 15, 2017 | $15.50 |
| Mar 22, 2017 | $15.50 | Mar 22, 2017 | $15.50 |
| Mar 29, 2017 | $15.50 | Mar 29, 2017 | $15.50 |
| Apr 5, 2017 | $15.50 | Apr 5, 2017 | $15.50 |
| Apr 12, 2017 | $15.50 | Apr 19, 2017 | $15.50 |
| Apr 19, 2017 | $15.50 | Apr 19, 2017 | $15.50 |
| Apr 26, 2017 | $15.50 | May 2, 2017 | $15.50 |
| May 3, 2017 | $15.50 | May 2, 2017 | $15.50 |
| May 10, 2017 | $15.50 | May 10, 2017 | $15.50 |
| May 17, 2017 | $3.10 | May 17, 2017 | $3.10 |
BernadetteV Dec 8, 2017
BernadetteV May 18, 2017
Loading...