Electric iron, blenders, fans etc for home appliance shop

Linda Asaah

Prestea, Ghana

6% repaid

Entrepreneur

Name

Linda Asaah

Member since

November 2016

On-time repayments

147 installments  •  39%

About Me

Linda Asaah is my name. I live in Prestea in the Western Region of Ghana. I completed Junior High School in 2003. In that same year my father who was the bread winner passed out. My mother who is the baker struggled to for me to complete my Senior High School. I completed SHS in 2007 and passed with flying colours. Looking at the struggle we were going through I decided to pause and venture into business. With the help of my mother and distributors I opened home appliances shop which became successful because there was none in town by then. Am yet to marry. I like reading and singing.

My Business

I deal in buying and selling of home appliances, like electric irons, ceiling fans, standing fan, kettles, rice cookers, fridges, television set, wardrobes. These items are in high demand because there is none around in town. The typical cost of doing this kind of business is around 5000$ so you can get assorted home appliances. I take most of my stock on credit because of the relationship with my distributors. Average profit is between 20$-30$ daily. Profit goes into upkeep of the home since my mother is old and not working now as well as reinvestment in the business.

Loan Proposal

This loan will go into stocking of more home appliances for my shop. Below is my list:
Blenders (2)= 50$
Electric Iron (5)= 100$
Rice cooker (3)= 100$
Hangers (2 set)= 30$
Kettle (3)= 50$
Ceiling Fan (3)= 100$
Table top fridge= 100$
Air freshers (10) = 20$
I can meet customers demand this Christmas. And my Profit will increase from 30$ to 40$.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$521.52

Date disbursed

Dec 19, 2017

Repayment status

Late

Projected term

24 months

Cost to entrepreneur

Service fee: $14.81

Lenders

ibc123

Seattle, United States

Thomas

Sweden, Sweden

V

Vidar

Oslo, Norway

KK

karl kerksiek

United States

E

Elynne

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

SJ

Serign Jobe

United States

Peter Morse

Amesbury, MA, United States

Ask Linda a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...