Entrepreneur
Name
Isaac
Member since
November 2015
On-time repayments
132 installments • 55%
About Me
I am Isaac Asare Boahen from the family of Freeman Asare. I am the last born of nine siblings. I have Bsc.mechanical engineering from Kwame Nkrumah university of science and technology,Kumasi-Ghana.I always believe that success is for those who have the power to persist in other to make it happen.I remember at my final year at school,thing were very hard to pay for my tuition fees.I went to talk to a friend to tell him about it,he promise to help me but later ask how I am going to pay him.Since I dont have any souce of income,I thought of starting something which will help me pay my friend and also fund my project work.I went outside campus to one big phones shop to meet the manager,I gave him my business of getting into mobile phones but done have the capital now since I am a student,he was happy that I want to start a business whiles in school. He asked me to make a copy of my student ID and submit it to him.I did it the next day and the journey of my dream business started. He gave me five phones to start, I sold them on campus and went to pay him,he gave me new one and this time seven phones. I understand business startup to be trust start not capital to start. I now have a shop at the eastern of Ghana. This is a business area where I want to grow my business to a whole shop. I want to prepare myself financially so that i can build a good career for my children and also help the needed in my community. I love football,swimming and reading business books and financial market news.
My Business
I have a mobile phone where I am making close to $200/week. Due to the high demand of this items in my area,there is a need as a businessman to sort for funds to increase my supply. All the businesses at the area travel to accra,the capital city to buy stock for their shop.Which will be ideal for a wholesale shop at the area.The phones prices ranges from $50- $300 and profit magine ranges from $5-$35. I Reinvest this profit to help me build my wholesale shop dream.
Loan Proposal
Buy more feed for pig and also build more structures for snails.
Pig concentrates (5bags)=$80
Cement (50 bags) =$320
It will enable me increase my production and also help my family. I intend to employ someone from my community when I receive this loan to help me at the farm. Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$513.00
Date disbursed
Jul 5, 2018
Repayment status
Late
Projected term
8 months
Other loans
Lenders
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Summary
Amount repaid
$83.61
Amount remaining
$430.35
Expected completion
Mar 31, 2019
Status
Repaying late
Installment amount
$23.53
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 15, 2018 | $11.21 | Jul 15, 2018 | $11.21 |
| Jul 22, 2018 | $2.24 | Jul 22, 2018 | $2.24 |
| Jul 29, 2018 | $2.24 | Jul 22, 2018 | $2.24 |
| Aug 5, 2018 | $2.24 | Aug 7, 2018 | $2.24 |
| Aug 12, 2018 | $2.24 | Aug 7, 2018 | $2.24 |
| Aug 19, 2018 | $2.24 | Aug 7, 2018 | $2.24 |
| Aug 26, 2018 | $2.24 | Aug 27, 2018 | $2.24 |
| Sep 2, 2018 | $2.24 | Aug 27, 2018 | $2.24 |
| Sep 9, 2018 | $2.24 | Sep 21, 2018 | $2.24 |
| Sep 16, 2018 | $2.24 | Sep 21, 2018 | $2.24 |
| Sep 23, 2018 | $2.24 | Sep 30, 2018 | $2.24 |
| Sep 30, 2018 | $2.24 | Sep 30, 2018 | $2.24 |
| Oct 7, 2018 | $2.24 | Sep 30, 2018 | $2.24 |
| Oct 14, 2018 | $2.24 | Sep 21, 2019 | $0.45 |
| Mar 4, 2020 | $1.79 | ||
| Oct 21, 2018 | $2.24 | Mar 4, 2020 | $2.24 |
| Oct 28, 2018 | $2.24 | Mar 4, 2020 | $0.67 |
| Apr 6, 2020 | $1.57 | ||
| Nov 4, 2018 | $2.24 | Apr 6, 2020 | $0.67 |
| Apr 15, 2020 | $1.57 | ||
| Nov 11, 2018 | $2.24 | Apr 15, 2020 | $2.24 |
| Nov 18, 2018 | $23.53 | Apr 15, 2020 | $2.91 |
| May 2, 2020 | $20.17 | ||
| Jun 13, 2020 | $0.45 | ||
| Nov 25, 2018 | $23.53 | Jun 13, 2020 | $10.76 |
| Dec 2, 2018 | $23.53 | ||
| Dec 9, 2018 | $23.53 | ||
| Dec 16, 2018 | $23.53 | ||
| Dec 23, 2018 | $23.53 | ||
| Dec 30, 2018 | $23.53 | ||
| Jan 6, 2019 | $23.53 | ||
| Jan 13, 2019 | $23.53 | ||
| Jan 20, 2019 | $23.53 | ||
| Jan 27, 2019 | $23.53 | ||
| Feb 3, 2019 | $23.53 | ||
| Feb 10, 2019 | $23.53 | ||
| Feb 17, 2019 | $23.53 | ||
| Feb 24, 2019 | $23.53 | ||
| Mar 3, 2019 | $23.53 | ||
| Mar 10, 2019 | $23.53 | ||
| Mar 17, 2019 | $23.53 | ||
| Mar 24, 2019 | $23.53 | ||
| Mar 31, 2019 | $17.48 | ||
Julie Apr 23, 2019
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