Baah
Techiman, Brong Ahafo, Ghana
100% repaid
Name
Baah
Member since
June 2015
On-time repayments
237 installments • 47%
Hi, my name is Baah Emmanuel. I am 25 years of age. At the age of four, I lost my father. My parents were farmers so I helped my mother at the farm. I was very determined to go to school so my mother helped me little by little. When I completed Junior High School, I started a small bakery to support her. I was able to raise a little money and with the help of my mother I went to High School. I used to come back from school to work at the bakery. I saved small money by three years time and enrolled at the University. I am currently in my final year at the University and still doing the bakery business.
I bake bread and supply to local store owners and collect the money at the end of every week. I use wheat flour which cost GHS 180 per bag, sugar which cost GHS 220 per bag and margarine which cost GHS 240 per box and some other minor ingredients. Mostly I buy these items on credit and pay at the end of the week with an interest of about 19% on these items. i have to accept it because that's the only choice I have. I pay all the expenses at the end of the week and save part for the business and part for my school. I recently bought a new large oven to support the old one.
I would buy two bags of flour which cost $40 each,two bags of sugar which cost $36 each and two backers of Madeline which also cost $23 each. With this,I won't pay any additional $5 if I were to buy them in credit ad interest. These $5 each is about $30 .This would come back as profit in addition to my normal profit per week. This would lead to a great increase in my income level. Therefore the business would expand in no time. All thanks to zidisha. God blessed you all...
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$127.00
Date disbursed
Sep 24, 2015
Repayment status
On Time
Projected term
5 months
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Amount repaid
$123.50
Amount remaining
$0.00
Date repaid
Feb 26, 2016
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Oct 4, 2015 | $7.50 | Oct 2, 2015 | $7.50 |
Oct 11, 2015 | $7.50 | Oct 9, 2015 | $7.50 |
Oct 18, 2015 | $7.50 | Oct 14, 2015 | $7.50 |
Oct 25, 2015 | $0.00 | ||
Nov 1, 2015 | $2.50 | Oct 23, 2015 | $2.50 |
Nov 8, 2015 | $2.50 | Oct 23, 2015 | $2.50 |
Nov 15, 2015 | $2.50 | Oct 23, 2015 | $2.50 |
Nov 22, 2015 | $2.50 | Oct 29, 2015 | $2.50 |
Nov 29, 2015 | $2.50 | Nov 29, 2015 | $2.50 |
Dec 6, 2015 | $2.50 | Dec 7, 2015 | $2.50 |
Dec 13, 2015 | $2.50 | Dec 12, 2015 | $2.50 |
Dec 20, 2015 | $2.50 | Dec 20, 2015 | $2.50 |
Dec 27, 2015 | $2.50 | Dec 27, 2015 | $2.50 |
Jan 3, 2016 | $2.50 | Jan 1, 2016 | $2.50 |
Jan 10, 2016 | $2.50 | Jan 18, 2016 | $2.50 |
Jan 17, 2016 | $2.50 | Jan 18, 2016 | $2.50 |
Jan 24, 2016 | $2.50 | Jan 25, 2016 | $2.50 |
Jan 31, 2016 | $2.50 | Jan 29, 2016 | $2.50 |
Feb 7, 2016 | $2.50 | Feb 5, 2016 | $2.50 |
Feb 14, 2016 | $2.50 | Feb 8, 2016 | $2.50 |
Feb 21, 2016 | $20.00 | Feb 17, 2016 | $20.00 |
Feb 28, 2016 | $41.00 | Feb 26, 2016 | $41.00 |
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