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 need a loan to buy a gas stove for my fast food joint, as I used the previous loan to buy a cylinder and I will use the remaining money to invest in my lingerie business. I always try to buy some of the equipment i need for my fast food small small with the loan I take since I can't buy them in bulk. The loan has been helping my business to grow and it's also making tremendous impact to my life and that of my family.

Income Source

Yes, that's why I want to expand my business by opening the fast food joint. We all know everybody eat with that being said, food is one of the fast selling commodity people patronise more. Besides, I have two business which is doing well and I make enough profits so I can be able to settle for my weekly loan payment.

My Videos

Jun 19, 2021: Little about myself

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$226.13

Date disbursed

Apr 24, 2021

Repayment status

Late

Projected term

7 weeks

Cost to entrepreneur

Service fee: $10.07

Credit risk payment: $32.26

Optional expediting fee: $30.21

Lenders

Cloudways

Malta, Malta

Paul Buchheit

Mountain View, United States

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