Expansion of business

Madeliene Adjei

Accra, Ghana

100% repaid

Entrepreneur

Name

Madeliene Adjei

Location

Accra, Ghana

On-time repayments

29 weekly installments  •  72%

About Me

Hello, Madeliene Adjei is my name. I am 36 years old and I was born and bread in the Greater- Accra region of Ghana and I have two other sibling, both of them are boys and I am the eldest. We lost both our parent 20years ago and I played a motherly role to them. I had to drop out from tertiary for my siblings because things became tough till I started something small to support the family.

My Business

I buy and sell lingeries, chains and body splashes I buy them in Accra central from the wholesale shop and sell. As for the chains, I travel to Togo to buy them and sell in bulk, retail and credit basis. But the body splashes and lingeries, I also sell in retail and credit them to teachers and other customers as well. Besides, to be able to cater and support myself, my siblings, the rest of the family and their other needs. That's why I want to open the fast food joint in addition so that i will able to settle my weekly loan payment.

Loan Proposal

I wish to apply for this loan to buy a
cylinder for my fast food business. Am still on preparation and I try always to buy some of the equipment i need to start any time I get the loan.The last loan I took, I was able to buy some of the untesils. Then I will use the rest of the money to invest in my lingerie business.

Income Source

Yes, we are not in normal times and the pandemic has affected the economy global. That's why am starting the fast food business. Everybody eat irrespective of the world crisis, we all know food is one of the fastest commodities that sells fast. Am very sure people will patronise and it will also double my income to earn more profit in addition to what I make from my lingerie business, so that will able to settle my weekly loan repayment.

My Videos

Jun 19, 2021: Little about myself

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$136.83

Date disbursed

Mar 20, 2021

Repayment status

Late

Projected term

4 weeks

Cost to entrepreneur

Service fee: $5.98

Credit risk payment: $18.10

Optional expediting fee: $12.12

Lenders

MarktheMormon

Sandy, Utah, United States

Paul Buchheit

Mountain View, United States

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