Charcoal business expansion

Prince

Techiman, Ghana

Funds disbursed

$0 to go

100% funded of $1,133 goal

0

days left

Entrepreneur

Name

Prince

Member since

October 2020

On-time repayments

29 installments  •  55%

About Me

My name is Prince Ofori from Ghana I am at the age of 31 years old from a family of four, I am single and a self employed entrepreneur into a micro enterprise, I ventured into entrepreneurship after both parents retired from their teaching jobs infact life became very unbearable , I started with a very small capital that could only purchase a handful of bags of charcoal but I never gave up and that bold step I took has helped myself and my family in so many ways and so I would be grateful if my dear lenders in Zidisha find trust and interest in business by lending me loans to increase my capital and profit base and to also venture into other areas so I can also lend to the needy in the near future. Thank you

My Business

The name of my business is appointed time trading enterprise, which consists of buying and selling charcoal from producers to retailers which was started three(3) years ago with a start up capital of eighteen thousand Ghana cedis. I must confirm is a very good business that has increased my profit base over the years, I would be grateful if lenders of Zidisha come to my aid by lending me money to increase my capital base in other to grow my charcoal business and to venture into other areas. Thank you

Loan Proposal

I would be very grateful if my dear lenders and Zidisha as a whole would lend me a loan of 6,444.00 Ghana Cedis to broaden my business. This loan if granted will help me boost my charcoal business and to some extent help meet the increasing demand of retailers. I pledge to repay the loan within the schedule time frame. I hope my application would be granted. Thank you.

Income Source

Charcoal as a product is non perishable and so the risk involved is almost negligible. More so retailers are readily available with money to buy at anytime but should there be any unforeseen risk , i will fall on my backup account to repay the loan. Thank you.

My Videos

Mar 6, 2021: Introduction to my charcoal business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,133.00

Date disbursed

Mar 8, 2021

Repayment status

Late

Projected term

3 months

Lenders

R

run426

DeBary, United States

I

Ian

United Kingdom

Paul Buchheit

Mountain View, United States

J

John

Minneapolis, United States

Babbitt Family Foundation

Reno, United States

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  • Anthony    Jul 15, 2021

    He said business is very bad so he need some time to do repayment.

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  • Anthony    Jun 14, 2021

    He said he will pay it back as soon as possible

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  • Abdul    May 3, 2021

    Prince said business is bad and has promised to repay his loan back next 2 weeks

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  • Abdul    Apr 1, 2021

    Prince said he was sick and he fine not and has promised to repay his loan back soon and I also advised him to adjust his installment

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  • Prince    Mar 8, 2021

    Thank you my lenders, this money will help me a lot.

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  • Prince    Mar 6, 2021

    The loans have being very helpful . Thanks .

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  • Prince    Feb 18, 2021

    I say very much thank you to Zidisha and my dear lenders for funding my loan this loan has helped me increase my profit margin and has also increase the number of bags of charcoal I purchase, has also helped to some extent increase the number of times I supply charcoal to meet the increasing demand of charcoal from retailers, I also promise to lend to other needy businesses in the near future God bless you all.

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  • Prince    Jan 25, 2021

    The reduction in installment amount is due to inability to access my bank account due to poor Network, promise to repay in full as soon as possible. Thank you

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  • Prince    Jan 7, 2021

    First of all I want to thank my dear lenders for funding my loan this loan will help me buy more bags of charcoal and also increase my profit margin I promise to repay the loan on time thank you.

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  • Prince    Jan 5, 2021

    First of all I want to thank my dear lenders for finding interest and trust in my loan by funding my loan infact it has helped bust my business and also increased my profit margin im very grateful, I promise to repay my loans on time to keep the trust you have for me.

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  • Prince    Dec 21, 2020

    Firstly I would like to say thank you to my dear lenders for funding my loan of 1,051ghs to purchase more bags of charcoal this loan has helped bust my business, widen my capital base and increase my profit margin as well.

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  • Prince    Dec 11, 2020

    First of all i want to thank my dear lenders for funding my loan it will help me purchase more bags of charcoal to earn more profit to help me cater for my family and business.

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  • Prince    Dec 2, 2020

    First of all I want to say thank you to my dear lenders for finding interest and trust in me and my business for funding my loan, this loan has helped increased my profit margin and has also boosted my business by increasing the number of bags of charcoal I purchase.

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  • Prince    Nov 23, 2020

    Good day , dear lenders and Zidisha as a whole one customer encountered some financial challenge which made it difficult paying for the bags of charcoal purchased within the agreed time notwithstanding he has started payment and assured that he will pay the rest by the close of next week I'm sorry for the delay I promise to make full repayment before the close of next week thank you.

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  • Prince    Nov 12, 2020

    First of all I want to thank my dear lenders for funding my loan, this loan when received will help me purchase more bags of charcoal and to also widen my capital base.

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  • Tobias Rittmeier    Nov 9, 2020

    Good luck.

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  • Nicholas Jerrat    Nov 8, 2020

    Hello, what is the charcoal used for?

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    • Prince    Nov 8, 2020

      Hi Sir, charcoal as a product is gotten from wet wood,is a source of fuel or energy used both commercially and domestically for cooking, it is the main source of fuel used for cooking in Ghana and other developing countries just like electricity and biogas is are used as a source of energy in the advance countries, thank you.

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  • Prince    Oct 30, 2020

    First of all I want to say thank you to dear lenders for finding interest and trust in me and my business by funding my loan, the money has helped me, purchase more bags of charcoal and to some extent met the increasing demand of retailers and more importantly increased my profit margin, God bless you all.

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  • Prince    Oct 29, 2020

    I'm very glad to announce to my dear lenders that I have finally received the loan of 447 Ghana cedis into my account this loan will help me buy more bags of charcoal to supply retailers who are readily available to buy from me, I promise to honor on time repayment of the loan to build more trust as we get along, God richly bless you all.

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  • Prince    Oct 29, 2020

    First of all I want to thank my dear lenders for finding interest in my proposal by funding my loan, this loan when received will help boost my charcoal business by meeting the demand of retailers to some extent and also increase my profit margin, God bless you all.

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