Entrepreneur
Name
Nicholas
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$153.00
Date disbursed
Apr 14, 2018
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Chicago, United States
Minneapolis, United States
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Guildford, United Kingdom
Summary
Amount repaid
$153.76
Amount remaining
$0.00
Date repaid
May 20, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 22, 2018 | $29.14 | Apr 26, 2018 | $29.14 |
| Apr 29, 2018 | $29.14 | Apr 29, 2018 | $29.14 |
| May 6, 2018 | $29.14 | May 7, 2018 | $29.14 |
| May 13, 2018 | $29.14 | May 14, 2018 | $29.14 |
| May 20, 2018 | $37.21 | May 20, 2018 | $37.21 |
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