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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Summary

Amount repaid

$0.00

Amount remaining

$1,133.36

Expected completion

Jun 11, 2021

Status

Repaying late

Installment amount

$94.30

Repayment History

Expected Payments Actual Payments
Mar 19, 2021 $94.30
Mar 26, 2021 $94.30
Apr 2, 2021 $94.30
Apr 9, 2021 $94.30
Apr 16, 2021 $94.30
Apr 23, 2021 $94.30
Apr 30, 2021 $94.30
May 7, 2021 $94.30
May 14, 2021 $94.30
May 21, 2021 $94.30
May 28, 2021 $94.30
Jun 4, 2021 $94.30
Jun 11, 2021 $1.76

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