Flour and baking equipment for my bakery

Richard Asamoah

Elmina In Cape-coast, Ghana

100% repaid

Entrepreneur

Name

Richard Asamoah

Member since

February 2015

On-time repayments

291 installments  •  58%

About Me

I am Richard Asamoah, 25 years old. I started my primary education at Super Confidence International School. I furthered my junior education at T. I. Ahmadiyya Junior High School - Asokwa. After I obtained my Junior High certificate, things became unbearable for me. So I had to leave my parents and I lived with a relative. I like the Ashanti culture because I could see them eating "fufu" early morning or late at night. Moreover, their language is very powerful in the sense that is dominating all over Ghana. What I enjoy most is table tennis, the reason being that it involves all the body parts and is also good exercise.

My Business

My business is entitled Good Father Bakeries. It is located at Asokore Mampong. Initially, I was the only baker who established myself there, so the demand and supply were very high and I was making quite some profit. I chose this business because my locality didn't have any bakery centre, so after awhile I decided to venture into that. The interest, or better still the profit gained, is reinvested into the business to extend my productions. I want to produce on a larger scale to provide for the length and breadth of Kumasi.

Loan Proposal

I will buy baking equipment and flour with this my new loan. All these will cost me an amount of 1300 dollars. With this, it can help me serve my customers with urgency. It will me increase my profit base. Thank you.

Show original English  

About Me

I am Richard Asamoah, 25 years old and I started my primary education at Super confidence international school were i furthered my junior education at T. I Ahmadiyya Junior High school -Asokwa. After i obtained my Junior High certificate, things became unbearable for me. So had to leave my parents and lived with a relative. I like the Ashanti culture because i could see them eating "fufu" early morning or late at night. And moreover their language is very powerful in the sense that is dominating all over Ghana. What i like enjoying most was table tennis, the reason been that it involves all the body parts and also a good exercise that is.

My Business

My business is entitled Good Father Bakeries located at Asokore Mampong. Initially i were the only baker who eatablised myself there, so the demand and supply were very high and was making quite some profit. I chose this business because, my locality wasnt having any bakery centre so after a while i decided to venture into that. The interest or better still the profit gained is reinvested into the business to extend my productions. I want to produce on a larger scale to providin for the length and breadth of Kumasi.

Loan Proposal

I will buy baking equipment and flour with this my new loan. And all these will cost me an amount of 1300 dollars. with this it can help me serve my customers with urgency. It will me increase my profit base. thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$426.54

Date disbursed

Apr 17, 2018

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $13.67

Credit risk payment: $27.47

Lenders

Martin

Manama, Bahrain

G

guenter

Bremen, Germany

MindMuse

Talking Rock, United States

Paul and Rachel

London, United Kingdom

B

bileiro

Mandaluyong, Philippines

G

Goldrivermob

Gold River, Canada

A

ADISI

Bern, Switzerland

DD

Danilo Da Silva

Maputo, Mozambique

Stephan W

Witten, Germany

Ed

Howells, United States

RS

Rich Stein

United States

Vratik Krocik

Prague, Czech Republic

B

Bart

Netherlands

Paul Buchheit

Mountain View, United States

M

Mary

United States

Katja

Switzerland

T

TP

United States

FoxFamily

Enschede, Netherlands

HL

Harris Lin

New Zealand

KA

Kate and Tom

United States

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