Entrepreneur
Name
Bright
Member since
March 2015
On-time repayments
133 installments • 73%
About Me
My name is Bright Ofori Boateng. I come from Kwahu in the Eastern region of Ghana. I started my basic education at Cherith preparatory school in Accra and further moved to Nkwatia Secondary School where I had my secondary education. I studied business because I had a lot of passion for the course and business itself. Due to hardship in my family, I sometimes have to raise money to pay my own school fees and cater for myself and for the family. I have been doing business since then to earn a living. Although I am not married, I have siblings I cater for and all add up as a source of inspiration and joy.
My Business
I am into plantain chips with two varieties that is, ripped plantain and unripe plantain. The demand for the chips is very high because it serves as a food supplement for people. The demand keeps rising as plantain is in stock at the market. Basically, I have ten boys who sell the quantity of chips in traffic and toll booth across the country of Ghana. Because of the demand of plantain, some of the boys have to stay home because the capital to buy a lot of plantain and other stuffs is inadequate. I intend to use the profit to feed myself and use part also to pay my bills.
Loan Proposal
I will use the loan to buy additional stock of plantain for the company. Also, I will buy a sealing machine to replace the use of candle to seal my products (Curb health hazards). Several cooking oil would be bought in order to increase production and use part of the loan to expand some of our assets which is quite expensive. I hope the lender can help my loan in make a living.
Breakdown:
Loan = GHC 349 ~ $89
Sealing machine..............1 @ 150GH ~ $38
Sack of plantain............1sack @ 140GH ~ $ 36
Veg. Oil (25Kg)..............1 gallon @ 50GH ~ $13
The rest would be invested into transportation of the materials listed above.
After production, a quantity of 100 chips would be produced which would be sold for GHC5 ~ $1.3
A total of $130 would be raised after sales.
Therefore profit = $130 - $89 = $41 ~ GHC159
The profit would then be ploughed back into the business to increase production and labour(employment).
Please help me fund this loan to increase production and growth of my business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 8, 2015
Repayment status
Late
Projected term
31 months
Lenders
United States
Summary
Amount repaid
$88.50
Amount remaining
$10.50
Expected completion
Nov 5, 2017
Status
Repaying late
Installment amount
$0.75
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 19, 2015 | $5.00 | May 20, 2015 | $5.00 |
| Apr 26, 2015 | $0.00 | ||
| May 3, 2015 | $0.00 | ||
| May 10, 2015 | $0.00 | ||
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $2.50 | Jul 9, 2015 | $2.50 |
| Jun 14, 2015 | $2.50 | Jul 9, 2015 | $2.50 |
| Jun 21, 2015 | $0.00 | ||
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $0.75 | Aug 2, 2015 | $0.75 |
| Aug 9, 2015 | $0.75 | Aug 9, 2015 | $0.75 |
| Aug 16, 2015 | $0.75 | Aug 16, 2015 | $0.75 |
| Aug 23, 2015 | $0.75 | Aug 23, 2015 | $0.75 |
| Aug 30, 2015 | $0.75 | Aug 30, 2015 | $0.75 |
| Sep 6, 2015 | $0.75 | Sep 6, 2015 | $0.75 |
| Sep 13, 2015 | $0.75 | Sep 14, 2015 | $0.75 |
| Sep 20, 2015 | $0.75 | Sep 14, 2015 | $0.75 |
| Sep 27, 2015 | $0.75 | Sep 27, 2015 | $0.75 |
| Oct 4, 2015 | $0.75 | Sep 27, 2015 | $0.75 |
| Oct 11, 2015 | $0.75 | Oct 11, 2015 | $0.75 |
| Oct 18, 2015 | $0.75 | Oct 11, 2015 | $0.75 |
| Oct 25, 2015 | $0.75 | Oct 11, 2015 | $0.50 |
| Oct 21, 2015 | $0.25 | ||
| Nov 1, 2015 | $0.75 | Oct 21, 2015 | $0.75 |
| Nov 8, 2015 | $0.75 | Oct 25, 2015 | $0.75 |
| Nov 15, 2015 | $0.75 | Oct 25, 2015 | $0.25 |
| Nov 16, 2015 | $0.50 | ||
| Nov 22, 2015 | $0.75 | Nov 16, 2015 | $0.75 |
| Nov 29, 2015 | $0.75 | Dec 7, 2015 | $0.75 |
| Dec 6, 2015 | $0.75 | Dec 7, 2015 | $0.75 |
| Dec 13, 2015 | $0.75 | Dec 20, 2015 | $0.75 |
| Dec 20, 2015 | $0.75 | Dec 20, 2015 | $0.75 |
| Dec 27, 2015 | $0.75 | Dec 20, 2015 | $0.75 |
| Jan 3, 2016 | $0.75 | Dec 20, 2015 | $0.25 |
| Jan 5, 2016 | $0.50 | ||
| Jan 10, 2016 | $0.75 | Jan 5, 2016 | $0.25 |
| Jan 12, 2016 | $0.50 | ||
| Jan 17, 2016 | $0.75 | Jan 16, 2016 | $0.75 |
| Jan 24, 2016 | $0.75 | Feb 5, 2016 | $0.75 |
| Jan 31, 2016 | $0.75 | Feb 15, 2016 | $0.75 |
| Feb 7, 2016 | $0.75 | Feb 15, 2016 | $0.75 |
| Feb 14, 2016 | $0.75 | Feb 15, 2016 | $0.75 |
| Feb 21, 2016 | $0.75 | Feb 15, 2016 | $0.75 |
| Feb 28, 2016 | $0.75 | Feb 15, 2016 | $0.25 |
| Feb 27, 2016 | $0.50 | ||
| Mar 6, 2016 | $0.75 | Mar 10, 2016 | $0.75 |
| Mar 13, 2016 | $0.75 | Mar 13, 2016 | $0.75 |
| Mar 20, 2016 | $0.75 | Apr 2, 2016 | $0.75 |
| Mar 27, 2016 | $0.75 | Apr 2, 2016 | $0.75 |
| Apr 3, 2016 | $0.75 | Apr 2, 2016 | $0.75 |
| Apr 10, 2016 | $0.75 | Apr 10, 2016 | $0.75 |
| Apr 17, 2016 | $0.75 | Apr 10, 2016 | $0.50 |
| Apr 19, 2016 | $0.25 | ||
| Apr 24, 2016 | $0.75 | Apr 19, 2016 | $0.75 |
| May 1, 2016 | $0.75 | May 7, 2016 | $0.75 |
| May 8, 2016 | $0.75 | May 7, 2016 | $0.75 |
| May 15, 2016 | $0.75 | May 7, 2016 | $0.75 |
| May 22, 2016 | $0.75 | May 7, 2016 | $0.75 |
| May 29, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jun 5, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jun 12, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jun 19, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jun 26, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jul 3, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jul 10, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jul 17, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jul 24, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Jul 31, 2016 | $0.75 | May 7, 2016 | $0.75 |
| Aug 7, 2016 | $0.75 | May 7, 2016 | $0.25 |
| Aug 20, 2016 | $0.50 | ||
| Aug 14, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Aug 21, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Aug 28, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Sep 4, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Sep 11, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Sep 18, 2016 | $0.75 | Aug 20, 2016 | $0.75 |
| Sep 25, 2016 | $0.75 | Oct 3, 2016 | $0.75 |
| Oct 2, 2016 | $0.75 | Oct 3, 2016 | $0.75 |
| Oct 9, 2016 | $0.75 | Oct 3, 2016 | $0.75 |
| Oct 16, 2016 | $0.75 | Oct 22, 2016 | $0.75 |
| Oct 23, 2016 | $0.75 | Oct 22, 2016 | $0.75 |
| Oct 30, 2016 | $0.75 | Oct 22, 2016 | $0.75 |
| Nov 6, 2016 | $0.75 | Oct 22, 2016 | $0.25 |
| Nov 26, 2016 | $0.50 | ||
| Nov 13, 2016 | $0.75 | Nov 26, 2016 | $0.75 |
| Nov 20, 2016 | $0.75 | Nov 26, 2016 | $0.25 |
| Dec 28, 2016 | $0.50 | ||
| Nov 27, 2016 | $0.75 | Dec 28, 2016 | $0.75 |
| Dec 4, 2016 | $0.75 | Dec 28, 2016 | $0.75 |
| Dec 11, 2016 | $0.75 | Dec 28, 2016 | $0.75 |
| Dec 18, 2016 | $0.75 | Dec 28, 2016 | $0.75 |
| Dec 25, 2016 | $0.75 | Dec 28, 2016 | $0.75 |
| Jan 1, 2017 | $0.75 | Dec 28, 2016 | $0.75 |
| Jan 8, 2017 | $0.75 | Dec 28, 2016 | $0.75 |
| Jan 15, 2017 | $0.75 | Dec 28, 2016 | $0.75 |
| Jan 22, 2017 | $0.75 | Dec 28, 2016 | $0.75 |
| Jan 29, 2017 | $0.75 | Dec 28, 2016 | $0.25 |
| Feb 14, 2017 | $0.50 | ||
| Feb 5, 2017 | $0.75 | Feb 14, 2017 | $0.75 |
| Feb 12, 2017 | $0.75 | Feb 14, 2017 | $0.25 |
| Feb 25, 2017 | $0.50 | ||
| Feb 19, 2017 | $0.75 | Feb 25, 2017 | $0.75 |
| Feb 26, 2017 | $0.75 | Feb 25, 2017 | $0.75 |
| Mar 5, 2017 | $0.75 | Feb 25, 2017 | $0.25 |
| Mar 13, 2017 | $0.50 | ||
| Mar 12, 2017 | $0.75 | Mar 13, 2017 | $0.75 |
| Mar 19, 2017 | $0.75 | Mar 20, 2017 | $0.75 |
| Mar 26, 2017 | $0.75 | Mar 20, 2017 | $0.50 |
| Apr 3, 2017 | $0.25 | ||
| Apr 2, 2017 | $0.75 | Apr 3, 2017 | $0.75 |
| Apr 9, 2017 | $0.75 | Apr 3, 2017 | $0.50 |
| Apr 20, 2017 | $0.25 | ||
| Apr 16, 2017 | $0.75 | Apr 20, 2017 | $0.75 |
| Apr 23, 2017 | $0.75 | Apr 20, 2017 | $0.25 |
| May 9, 2017 | $0.50 | ||
| Apr 30, 2017 | $0.75 | May 9, 2017 | $0.50 |
| May 18, 2017 | $0.25 | ||
| May 7, 2017 | $0.75 | May 18, 2017 | $0.75 |
| May 14, 2017 | $0.75 | May 18, 2017 | $0.75 |
| May 21, 2017 | $0.75 | Jun 1, 2017 | $0.75 |
| May 28, 2017 | $0.75 | Jun 1, 2017 | $0.75 |
| Jun 4, 2017 | $0.75 | Jun 15, 2017 | $0.75 |
| Jun 11, 2017 | $0.75 | Jun 15, 2017 | $0.75 |
| Jun 18, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jun 25, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jul 2, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jul 9, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jul 16, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jul 23, 2017 | $0.75 | Jul 6, 2017 | $0.75 |
| Jul 30, 2017 | $0.75 | Jul 6, 2017 | $0.50 |
| Aug 6, 2017 | $0.75 | ||
| Aug 13, 2017 | $0.75 | ||
| Aug 20, 2017 | $0.75 | ||
| Aug 27, 2017 | $0.75 | ||
| Sep 3, 2017 | $0.75 | ||
| Sep 10, 2017 | $0.75 | ||
| Sep 17, 2017 | $0.75 | ||
| Sep 24, 2017 | $0.75 | ||
| Oct 1, 2017 | $0.75 | ||
| Oct 8, 2017 | $0.75 | ||
| Oct 15, 2017 | $0.75 | ||
| Oct 22, 2017 | $0.75 | ||
| Oct 29, 2017 | $0.75 | ||
| Nov 5, 2017 | $0.50 | ||
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