11 weekly installments • 100%
My name is Terry Amponsah Frimpong. I come from a small town in the Kwabre East district of Ghana. I completed my basic education at ST. Joseph catholic school in my hometown. I had my secondary school at SIMSS college at Mamponteng. After school, I became a shop assistant at Rollex shoes and clothing center. Where I had knowledge in buying and sell. With this experience, I started a small grocery store from a shop I rented from a neighbor.
From a little savings I had, from being a shop assistant, I started a grocery store. My business since 2016 has seen some improvement. I lent good customer service so people feel happy when they buy from my shop especially the youth. As a means of helping the society, I give some of the goods on credit to people who are in need.
I have purchased a freezer on credit base and I have made part payment of if. I need the loan to complete the payment of the freezer so that I can sell soft drinks and water in my shop.
Most of the things I sell are food items. For example bread, biscuit, fruit drinks, white oats and water. These are basic things that everyone needs. No matter how difficult life is, you need to eat and drink water. The food items keep my business moving all the time and it gives me some profit the I use to repay the loan.
Mar 1, 2021: Loan to stock my shop
May 22, 2021
Cost to entrepreneur
Service fee: 5% of $208.32 = $9.98
Credit risk payment: $50.59
Amount returned to the platform for this project
Pay It Forward Projects funded by Terry
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