Freezer for water and soft drinks

Terry Amponsah

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Terry Amponsah

Location

Kumasi, Ghana

On-time repayments

11 weekly installments  •  100%

About Me

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.

My Business

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.

Loan Proposal

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.

Income Source

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.

My Videos

Mar 1, 2021: Loan to stock my shop

Feedback

2

None

None

  • Benvenuto    May 15, 2021

    Paid ahead of schedule, and was really engaging and appreciative. I would be more than happy to lend to Terry again in the future.

    Log in to reply • Share
  • Jessica    Mar 22, 2021

    Thanks for repaying your loan

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Lenders

Vratik Krocik

Prague, Czech Republic

M

Marcus

United States

JH

Joseph Hwang

Houston, United States

W

wisdom2080

Fullerton, United States

K

Kenny

United States

Loan Info

Disbursed amount

$208.32

Date disbursed

May 22, 2021

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: 5% of $208.32 = $9.98

Credit risk payment: $50.59

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Payments Forward

Amount returned to the platform for this project

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