Colecraft's loan

Samuel Colecraft

Accra, Ghana

22% repaid

Entrepreneur

Name

Samuel Colecraft

Location

Accra, Ghana

On-time repayments

61 weekly installments  •  25%

About Me

My name is Samuel Colecraft and a native of Takoradi in the western Region. I'm a young,energetic and hardworking man. im currently living in Accra with my wife and kids. im a high school graduate doing my own business. i couldn't continue my education because i couldn't afford it and so started doing small scale business. i lost my job as a hotel caretaker and decided to learn a trade from a friend who was already in. i started as an apprentice and now im a master on my own. im now a steel bender able to take contracts and also dealing in the supply of building materials. examples are cement and iron rods just a few to mention.

My Business

i take contracts and also go on a day to day work. i also deliver building materials like cement, iron rods and sand for building. example if a bag of cent goes for 28.00ghc, i sell it at a price of 30.00ghc making a profit o 2.00ghc. moreover, these items are high in demand. also, if a trip of sand sells at a price of 1,200ghc, i sell it at 1,300ghc making a profit of 100.00ghc

Loan Proposal

I'll will buy more building materials with the money given to me. I will buy cements and iron rods. Example a bag of cement cost 27GHS that is 5USD and it can be sold for 30GHS that is 7USD

An iron rod depending on its size example 16mm rod costing 36GHS that is 8USD can be sold for 40GHS that is 9USD also making profit.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$500.89

Date disbursed

Jan 4, 2018

Repayment status

Late

Projected term

10 months

Cost to entrepreneur

Service fee: $17.40

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