Flour and baking equipment for my bakery

Richard

Elmina In Cape-coast, Ghana

100% repaid

Entrepreneur

Name

Richard

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

3

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  • guenter    Aug 20, 2018

    Payed back very well

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  • Mary    Feb 13, 2018

    Richard is a model Zidisha borrower. I would recommend funding any of his future loans!

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    • Richard    Mar 28, 2018

      mary , why is it that my loan is not funded on 3 consecutive times

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Loan Info

Project Type

Classic Loan

Disbursed amount

$488.00

Date disbursed

Apr 17, 2018

Repayment status

On Time

Projected term

3 months

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

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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  • Agyemang Samuel    Aug 25, 2021

    He said next week he will start the payment

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  • Richard    Jul 20, 2021

    The corona virus pandemic has strucked down hard my business even at the verge of collapse

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  • Emmanuel    Jul 16, 2021

    Richard said his phone got spoiled but he has gotten a new phone so he will resume the repayment

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  • Eric    Jun 6, 2021

    He said he will start payment soon because he is facing some challenges

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  • Eric    Apr 26, 2021

    I called Richard and he said he is facing small challenges due to Convid 19 and aside that he has moved to a town which has poor network and he is working on things to start payment soon

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  • Eunice    Mar 24, 2021

    I have spoken to Richard and he said he is having a small challenge on his business since the covid19 outbreak so he is putting things in place to get back on repayment and I advise him to use the adjutment plan so that the little he has can pay.

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  • Emmanuel    Feb 10, 2021

    I called richard reference to advise him

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  • Emmanuel    Jan 10, 2021

    Richard said his business affected with the pandemic but he resume his repayment soon

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  • Richard    Nov 24, 2020

    My business of late has fallen due to the outbreak of covid 19.

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  • Christian    Nov 24, 2020

    Just spoke with Richard who promised to make payment by tomorrow

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  • Richard    Oct 3, 2020

    Things are very hard because of the covid 19 pandemic ,and that has affected business big time.

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  • Christian    Sep 30, 2020

    Able to speak with Richard and agreed to adjust his repayment schedule and resume payment henceforth

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  • Ibrahim    Aug 29, 2020

    I tried to call Asamoah today and i asked him why he has not repay his loan. He told me he is facing more challenges but I have advice him to adjust his payment plan.

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  • Emmanuel    Aug 4, 2020

    I couldn't talk to Richard because he don't want to answer my calls so I call one reference and told she will inform him for the payment

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  • Emmanuel    Jul 1, 2020

    Richard said he will start the payment process

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  • Eric    Jun 12, 2020

    I called Richard and assured me of his commitment to make repayment. This pandemic is affecting his business but has promised to do so.

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  • Richard    May 14, 2020

    Due to this new coronavirus outbreak has affected my business big time

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  • Eric    May 12, 2020

    Richard has promised to make repayment. Says repayment has delay because of low patronage but says he will make the payment as soon as possible

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  • Eric    Apr 21, 2020

    I called Richard and has promised to make the payment

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  • Richard    Mar 31, 2020

    Business of late is not moving as expected and this novel corona virus has also made movements and business to be stand still

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