Entrepreneur
Name
Koffi
Member since
May 2015
On-time repayments
243 installments • 31%
About Me
My name is Koffi Dossa.
I was born to farming parents who did know the value of education but did not have the means to finance my education , but managed to educate me to secondary level .
I had to work hard during week ends and vacations to supplement their effort.
After teaching as pupil teacher and later on managing an evangelical bookshop I realized I will not be able to educate my children and prepare for safe future, unless I start my personal business. So with the help of my wife I saved money to rent a shop to start distribution of local rice , cooking oil and daily consumables.
I am a father of two . Abel , 15, intend to become a computer engineer whilst the sister Emmanuella 13 want to become a physician. I like reading at my when I am free
My Business
I distribute local rice , Gari, maize powder sugar, tooth paste , cooking oils s and toilet roll. These are the commodities people in my neighborhood need on a daily basis and this business has been my dream since my school days to provide people with their basic needs at an affordable price.
Purchasing stock, transport, rent and paying the service of a neighbor who helps me serve customers who live some distance from the shop constitute the cost I incur.
The income is spent on paying school fees , feeding the family and reinvestment in the growing of the business
Loan Proposal
Cost:
Coconut oil: 4x 25liters=4x$ 68.00 =$272.00
Palm oil :4x 25liters=4x$34.00= $ 136.00
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$ 408.00
Duration: Two weeks
Transport: $ 12.00
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$420.00
Sales:
Coconut oil : 4x 94.00. $376.00
Palm oil 4x 50.00 . $ 200.00
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$576.00
Gross Profit $ 156.00
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$344.00
Date disbursed
Aug 11, 2015
Repayment status
On Time
Projected term
26 months
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