Fish and meat for my cold store

Richard Boakye

Biadan Berekum, Ghana

Funds disbursed

$0 to go

100% funded of $923 goal

0

days left

Entrepreneur

Name

Richard Boakye

Location

Biadan Berekum, Ghana

On-time repayments

128 weekly installments  •  58%

About Me

My name is Richard Boakye. I am a Ghanaian citizen. I come from a family of three brothers and three sisters. I am the last born in our family. I am staying in Biadan in the Brong Ahafo region of Ghana. I attended Presby Boys Senior High School and completed in 2013. I decided to help my parent in selling of fish and meat in her cold store. I decided to help her so as to gain enough money to further my education at the university level, hopefully at the end of this year. Biadan is a suburb of Berekum. It doesn't have any cold store apart from ours. My parent managed to start this business with the money that they had borrowed from micro-finance. With this, they bought three refrigerators. Today we are serving a good number of Biadan people with quality fish but more still needs to be done in order to enhance this business.

My Business

BUSINESS
Protein is one of the essential nutrients needed in a diet to help body growth. As a result of this my Parents taught about opening a Cold Store named as GOD IS ABLE COLD STORE which is located at Biadan in the Berekum Municipality. The people in this area were finding it difficult in terms of getting fish and meat for preparing their food but thanks be to God the existence of this store has help solve this problems. We are now having three (3) fridges to accommodate meat and fish to supply to the people of Biadan Community.

Some of the fish and meat sold there are: Beef, goat meat, Chicken Layer Chest, Chicken back, Salmon, Red fish, Tilapia fish, Cassava fish etc.

As a young graduate from Senior High School, I am now assisting parents in the Management of the cold store. My parents are now old and as a young man, I have to help them carry out their vision which is to provide meat and fish for the community. The problem I have now is on the capital income.

the capital income used in running the business is small. i need about $2500 to boost my income in order to help enhance my fish and meat store . I am now appealing to the entire Zidisha lenders to help me with a loan to boost my income.


REPAYMENT OF LOAN
If I am granted this loan, I promise to pay it to your satisfaction. I am saying this because of the good relationship we have our customers, almost all the people in the community buy from us and that fetch as money which can be use to pay the loan.

Loan Proposal

With my last loan, I was able to buy a new refrigerator. This has influenced my business positively since the problem of not getting enough storage for fish and meat has been solved. With this loan, I intend to use it to buy more fish and meat for my Cold Store, to put it in a better position for customers to choose since they can get most of the fish and meat they desire. This will help my business to attract more customers, improve customer satisfaction and most importantly maximize profit. I therefore appeal to all Zidisha lenders to help me with this loan. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$923.33

Date disbursed

Oct 5, 2016

Repayment status

Late

Projected term

8 months

Cost to entrepreneur

Service fee: $29.43

Richard opted to pay $32.71 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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