Foodstuff business

Awa Iroha

Aba, Nigeria

Loan disbursed

$0 to go

100% lent of $1,013 goal

0

days left

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Entrepreneur

Name

Awa Iroha

Location

Aba, Nigeria

On-time repayments

56 weekly installments  •  75%

About Me

Born in a peasant family but grew up as a disciplined and committed person.
I am focused and ambitious within the ambit of the law and business ethics.
I am energetic and enjoy good health.
I work harmoniously with my colleagues both below and above me with minimal supervision. My integrity eloquently speaks for me wherever I am found and I respect all legit agreements of engagement.

My Business

I am employed as a public servant in a State-owned Polytechnic, Abia State Polytechnic, Aba.
Unfortunately, the staff are being owed over 15 months salary, hence my resolve to explore an alternative source of income.
My business is foodstuffs retailing.
Despite the serious adverse effect of the COVID 19 Pandemic on the business, I am determined to forge ahead.

Loan Proposal

The loan will be principally applied to purchase of higher volume of nventory for expansion and still remain competitive.
I need to construct some shelves for stock display and merchandising.
Some operational costs like transportation will also be taken care of.

Income Source

The ripple effect of the global covid-19 pandemic on the economy and people's welfare cannot be forgotten in a hurry.
What people need most now is food and that's my business. People must eat no matter what.
My business is located in a developing community with high population density. Therefore I must succeed.

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Loan Info

Disbursed amount

$1,013.23

Date disbursed

Apr 12, 2021

Repayment status

On Time

Projected term

3 months

Cost of loan

Service fee: 5% of $1,013.23 = $50.66

Credit risk payment: $202.64

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