Expansion of business

Patrick

Agona Swedru, Ghana

100% repaid

Entrepreneur

Name

Patrick

Member since

August 2017

On-time repayments

32 installments  •  94%

About Me

My name is Mr. Patrick Kugblenu. A man of 37 years of age and a Ghanaian by birth. I am married with two lovely kids. We (family) all live in Agona Swedru, Central Region of the republic of Ghana.

I hold a Bachelor of Business Administration in Human Resource Management from Pan Africa University College, Winnaba, Ghana.

My Business

As a young man who wants to build a bright career, I started my own stationary and printing shop near my residence at Agona Swedru in the Central Region of Ghana with a start-up capital of GHS 3,000.00 in the year 2013. I started in a small shop and by the grace of God, my business is expanding.

The business is located at a strategic place (i.e. near a community school with a population of about one thousand (1,000) pupils).

It is my vision of creating (opening) more branches and adding different business line to the existing stationery shop that I own.

Loan Proposal

I need a loan to expand my business. Currently I am operating with a small working capital over the past 4 years since I started my business. Acquiring a bank loan is not an easy task at all in Ghana. Banks demand for hug collaterals which I cannot currently provide.

I therefore pled with the various noble lenders to help increase my working capital through debt financing. Thank you all

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$97.00

Date disbursed

Aug 18, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

PG

Paul Graham

United States

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  • Patrick    Aug 22, 2018

    Reducing my installment will enable me maintain a good working capital.

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  • Patrick    Jul 10, 2018

    Reducing my weekly repayment amount will enable me meet my immediate operational cost without any difficulties.
    Thank you all for your understanding.

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  • Patrick    Jun 8, 2018

    I choose to reduce my weekly loan repayment amount so as to retain working capital for upcoming orders.

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  • Patrick    May 23, 2018

    Thanks to all my lenders for the loan. I have received it.

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  • Dao Nguyen    May 11, 2018

    may your venture be fruitful, Patrick

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  • Dao Nguyen    May 11, 2018

    keep up the good work, Patrick

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  • Jeanette    May 9, 2018

    Good Luck, Patrick!

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  • nswanberg    May 8, 2018

    Good luck Patrick!

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  • Patrick    Feb 27, 2018

    I thank all the noble lenders on this platform. This is my second consecutive time of my loan almost expiring. The first one expired when it was only 8% funded. I reapply the second time and its 0% funded. As at now, I have only 4 days left for this loan fundraising to expire and I am counting on all the noble lenders to help fund it for me.

    Counting on you all.

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  • Patrick    Jan 31, 2018

    I thank you very much for the previous loan you have offered to me. May God richly bless you. The loan has helped me improved upon my printing business and I am looking forward to you for your continuous support. Thank you.

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  • Patrick    Jan 4, 2018

    I will forever thank my sponsors for the support that enable me to boost my business

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  • Patrick    Dec 6, 2017

    I am very please for the support you gave me in terms of supporting my loan. i say may God richly bless you all.

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  • Patrick    Nov 17, 2017

    I first and foremost wish to express my profound gratitude to all my leaders for making it possible for me to progress in life.
    The machines i bought with the money has helped me to increase my income in terms of profit.
    My wife and two kids are very happy for the opportunity.
    once again i say may God richly bless you all.

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  • Patrick    Nov 15, 2017

    The purchase i made with loan has given me a significant results in terms of output and income. May God richly bless you.

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  • Patrick    Nov 3, 2017

    I am very grateful to you for the support you have been given to me in terms of loan. I say may God richly bless you. I wish to inform you that my business is moving on due to the facility you gave me.

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  • Patrick    Oct 4, 2017

    I wish to inform you that I will buy a printer with the money to boost my business in order to make profit.
    I would like to use this opportunity to thank you very much for your support and may God richly bless you.

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