Entrepreneur
Name
Iddrisu
Member since
February 2015
On-time repayments
101 installments • 78%
About Me
my name is Iddrisu Mariama and a Ghanaian..i grew up in the family of three other siblings and i was the second of the four .i was enrolled in high school but dropped out in year two because of funds. i had to look for something to do to earn a living since my parents could not afford any better. as a results, i took to selling sachet water and canned soft drinks right after dropping out of school on a very small scale. however, as time went by , i have been able to improve and it is no longer on small scale but now i deal with a lot of bags of sachet water. life have been practically tough before for me as a woman but i have not given up and i wont actually and that is what has helped me all this while. In all these struggles, my dream is to be able to work hard and build a better home someday.
My Business
i sell or deal in sachet water but on a small scale. Actually people drink a lot of water in a day and as they drink so is my business to supply at a profit. i choose this kind of business because of the profit involve and also at the time i was starting out, the capital to start was minimal. possibly i buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i still help my parents with some of my profits for them to take care of themselves and my younger brothers and i invest the rest back into my business and live also on a percentage of it. the most important thing in this sachet water business is Hard working and that has never been a problem at all with me.
Loan Proposal
As i have much hope and believe that my loan project will be funded, i will use the entire amount to go for bags of sachet water as stock to resell.....
i will be buying 250 bags of sachet water or pure water as we call it locally. now the 250 bags will cost $300 and i will use the rest to purchase some soft drink like canned coke, fanta , pepsi and etc but that will occupy just a small portion of it about $30
this will help increase my profit margin to about some 45% and will help make treated drinking water available to the people of my community. with this i will be able to stay in business and work hard so as to be able to get to the point where i will be selling sachet water as a retailer.
with this current profit margin, i will be able to repay my loan on time and per schedule.
thank you very much....
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Loan Info
Project Type
Classic Loan
Disbursed amount
$348.00
Date disbursed
Aug 16, 2016
Repayment status
Late
Projected term
67 months
Other loans
Lenders
United States
Germany
Charlotte, United States
United States
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Summary
Amount repaid
$62.00
Amount remaining
$303.54
Expected completion
Apr 9, 2017
Status
Repaying late
Installment amount
$40.82
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 28, 2016 | $7.75 | Aug 29, 2016 | $7.75 |
| Sep 4, 2016 | $7.75 | Sep 6, 2016 | $7.75 |
| Sep 11, 2016 | $7.75 | Sep 13, 2016 | $7.75 |
| Sep 18, 2016 | $7.75 | Sep 20, 2016 | $7.75 |
| Sep 25, 2016 | $7.75 | Sep 26, 2016 | $7.75 |
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $1.29 | Oct 10, 2016 | $1.29 |
| Oct 16, 2016 | $1.29 | Oct 10, 2016 | $1.29 |
| Oct 23, 2016 | $1.29 | Oct 20, 2016 | $1.29 |
| Oct 30, 2016 | $1.29 | Oct 25, 2016 | $1.29 |
| Nov 6, 2016 | $1.29 | Oct 25, 2016 | $1.29 |
| Nov 13, 2016 | $1.29 | Nov 7, 2016 | $1.29 |
| Nov 20, 2016 | $1.29 | Nov 16, 2016 | $1.29 |
| Nov 27, 2016 | $1.29 | Nov 21, 2016 | $1.29 |
| Dec 4, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
| Dec 11, 2016 | $1.29 | Dec 13, 2016 | $1.29 |
| Dec 18, 2016 | $1.29 | Dec 23, 2016 | $1.29 |
| Dec 25, 2016 | $1.29 | Dec 23, 2016 | $1.29 |
| Jan 1, 2017 | $1.29 | Jan 17, 2017 | $1.29 |
| Jan 8, 2017 | $1.29 | Jan 17, 2017 | $1.29 |
| Jan 15, 2017 | $1.29 | Jan 17, 2017 | $1.29 |
| Jan 22, 2017 | $1.29 | Feb 18, 2017 | $1.29 |
| Jan 29, 2017 | $1.29 | Feb 18, 2017 | $1.29 |
| Feb 5, 2017 | $1.29 | Feb 18, 2017 | $1.29 |
| Feb 12, 2017 | $0.00 | ||
| Feb 19, 2017 | $40.82 | ||
| Feb 26, 2017 | $40.82 | ||
| Mar 5, 2017 | $40.82 | ||
| Mar 12, 2017 | $40.82 | ||
| Mar 19, 2017 | $40.82 | ||
| Mar 26, 2017 | $40.82 | ||
| Apr 2, 2017 | $40.82 | ||
| Apr 9, 2017 | $17.82 | ||
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