Car spare parts for my shop

Nicholas Oteng

Berekum, Ghana

100% repaid

Entrepreneur

Name

Nicholas Oteng

Member since

November 2017

On-time repayments

30 installments  •  80%

About Me

The name given to when I was born in Berekum is Oteng Nicholas. I had all my basic and secondly education in Berekum here. Due to financial constraint on the part of my parents I was asked to divert education to apprenticeship where I started learning mechanics (Fitter). I came out successfully and started my own shop.I have about 3 new apprentices learning or working under me.

My Business

My business is situated at Berekum Magazine where I buy assorted car parts and repair cars as well. I am a car mechanic as we call in Ghana car fitter.I have done this work for the past Seven years now. I sell all kinds of car parts ranging from Opel cars, Toyota, Benz, Nissan and others. It is in a hot demand since people use cars everyday.

Loan Proposal

Thanks to all lenders for the first loan application and the opportunity given again.When this loan is 100% funded,it will enable me purchase more car parts for my shop so that I can get my profit out of it after selling them.
I will buy 3 bonnets of Opel Astra with Price of $ 55. Eight fenders of Opel Astra costing $ 45 and finally I will be adding 2 each,back and front absorbers of Opel Astra with price of $ 52.
These items when purchase them into my shop will raise my profit margin to about $ 45 a week.The income and for that matter the profit will be a source of income for taking good care of my family and to repay the loan.
Once again thank you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$153.76

Date disbursed

Apr 14, 2018

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: $4.30

Credit risk payment: $8.61

Lenders

T

Tallago3

Munich, Germany

M

mogensh

København V, Denmark

M

mason243

Denver Colorado, United States

C

chrisherron

Chicago, United States

Cloudways

Malta, Malta

fairspirit

Utrecht, Netherlands

L

LenoMetus

Perth, Australia

ibc123

Seattle, United States

sderickson

Berkeley, CA, United States

Arjan Geven

Vienna, Austria

jonnyhj

Stockholm, Sweden

N

Nijntje

Netherlands

Insomnus

Cheltenham, United Kingdom

L

leftyoctober

Minneapolis, United States

H

HLCharityFund

United Kingdom

Grant Xavier Storer

Seattle, Wa, United States

Loungin

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Dave Bogard

New York, United States

Elly

Woudrichem, United Kingdom

Jake Badger

Roskilde, Denmark

PC

Patrick Clavette

Hartford, Wisconsin, United States

Paul Buchheit

Mountain View, United States

DO

Denis Ontiveros

Guildford, United Kingdom

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