Cement for my blocks molding business
Abubakari
Atebubu, Ghana
100% repaid
Entrepreneur
Name
Abubakari
Member since
February 2016
On-time repayments
49 installments • 82%
About Me
Abubakai Amadu is my name. I am a name of Atebubu which is located the Brong Ahafo Region. I begun my elementary school school at Atebubu Saint Monica's school. I also went to Berekum SHS for my senior high education. I finished ALL FOR CHRIST TECHNICAL SCHOOL. My parents are farmers therefore all expenses of my schooling was solely taken of by my sale of the products from my father's farm. It is one’s own decision to become poor or rich. I finished Tertiary and through my effort, and discipline I started molding blocks for sale for the past 2 years to support my family.
My Business
I deal in block molding business.I started this business some years ago.In my area there a lot of sand on our land which my late father left for us.This sand is of good quality for molding blocks.So i managed to get some capital from a friend of my which i used to start this business.I uses cement, sand and water in molding my blocks which i sold them to my customers.This business very good in my area because peoples always build houses.I have employed two workers who helped me in molding the blocks.I manage to get $90.00 profit every week.Is my dream to increase my capital so that i can mold more blocks to increase my weekly profit.
Loan Proposal
My dear lenders i need a loan $200.00 to help buy cement for my blocks molding business.When this loan is given to me i will purchase enough cement so that i can mold more blocks and sell to get enough profit.I do not have enough cement for molding enough blocks so i am pleading to my lenders to help me purchase more cement which will help me increase my profit margin by 40% and i promise to pay my loan on time .Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
Feb 24, 2016
Repayment status
On Time
Projected term
60 months
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