A loan to expand my food retail shop

Effahrichard Richard

Berekum, Ghana

100% repaid



Effahrichard Richard

Member since

July 2014

On-time repayments

39 installments  •  77%

About Me

I am Effah Richard, born on the 25th of December 1990 in Berekum in the Brong Ahafo region of Ghana.

I am the first child of my parents, Mr Joseph Donkor and Mrs Magarete Serwaa, I live with them in Berekum where I attended school at Dormaa Senior High. I am currently into food retail which enables me to earn good money to support myself and my parents.

My Business

I started this business because there is a high level of demand in my area. My customers prefer my provision store as it offers quality goods.

I am convinced I will be able to repay the loan as I am the only person selling some of the products in the area and especially with schools reopening soon I will be able to sell even more.

Loan Proposal

With this loan I will be able to expand my shop. The business is going well here but I need to increase my current stock and buy new products to keep up with the high demand. Thank you all in advance for your help, that is really appreciated.

Show original English  

About Me

I am Effah Richard, Born on the 25th of December 1990 at Berekum in the Brong Ahafo region of Ghana.I am the first child of my parents Mr.Joseph Donkor amd Mrs Magarete Serwaa. I live with my parent in Berekum. I attended school at Dormaa Senior High. I am currently into supper Market business which i am making alot of money to support my parents,

My Business

i started this business becuase it has hing level of demand in my area and the customers preferd my provision store and it has quality of goods in my store and i believe that i can pay the loan
and am the only person who sells some of the product in the area especially when school reopens and i have the confidence that when i get the loan i will buy new stuff into that and get more money so that i can pay my loan

Loan Proposal

Am Effah Richard , A 24 year old man at Berekum Municipal,i started selling provisions at Berekum, i need some amount of money to expand the shop Business. the business is good here but there is the need to increase the things in he shop since the demand is high.i wil be able to repay the loan since the business good.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Oct 20, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $55.33 at 6.24% annual rate over 1 month = $0.39

Service fee: $0.13



Utrecht, Netherlands


Sarasota, Fl, United States



United Kingdom


Montreal, Canada

Matching Fund

Sterling, United States






London, United Kingdom



Maputo, United States

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