Distributing kitchen appliances

Mary

Madina, Accra, Ghana

100% repaid

Entrepreneur

Name

Mary

Member since

April 2015

On-time repayments

300 installments  •  57%

About Me

My name is Mary Okai. I am 45 years of age. I live in Madina,opposite assemblies of God church. I attended little angels primary school in lagos-Nigeria,and i attended Girls Academy for my secondary school education.I got married to a Ghanaian and moved to Ghana.
I see moving to Ghana as a blessing because when i got here i knew nothing about my surroundings. I quickly familiarized myself with the environment and made friends with people.Then I looked for the quickest business i could venture into which could both be lucrative and less tiring.Thats when i started buying goods to resell.
Ghana has a lot of tourist sites,and the people are very simple and hospitable.This kind of warm reception made me decide to live in Ghana permanently.
I have five children;3 girls and 2 boys.My first daughter wants to be a computer scientist,my other two daughters want to be doctors and my sons want to be lawyers.
When i have nothing doing i enjoy braiding my daughters' hair,and baking pastries for my family.

My Business

I buy and resell kitchen appliances and utensils.These goods are high in demand because they are mostly bought by women and students in the hostel.I chose this business because if the right capital is invested in it it could be very lucrative.
I normally use $500 to buy and when i resell i get a profit between $200 and $250 I use my revenue to help my husband in taking care of the children,and providing certain household needs.I then use the rest to repurchase my goods to resell.

Loan Proposal

I will use this loan to reinvest in my business. I will use $200 to purchase kettles, $200 to purchase rice cookers,$300 to purchase blenders and $140 to purchase toasters.
Getting this loan would give me the opportunity to better my family's standard and the society as a whole. It would also help me become a better woman and mother and boost my self confidence.
I hope to get enough profit to be able to expand my business and start preparations for opening up a shop to sell my products. I hope to get a 50% profit on this venture.

Feedback

6

None

None

  • BernadetteV    Dec 8, 2017

    It’s always a pleasure to lend to Mary. She respects the lenders by making regular repayments and repays the loan just as she had promised.
    I’ll support her again.

    Log in to reply • Share
  • BernadetteV    May 18, 2017

    Regular repayments and loan repaid just as promised. It was a pleasure to lend to Mary.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$886.00

Date disbursed

Jun 5, 2017

Repayment status

On Time

Projected term

6 months

Lenders

PaulE

Cockeysville, MD, United States

Kjartan

Oslo, Norway

Martin

Manama, Bahrain

D

Divergent

Bethesda, United States

pentatonicscale

Niiza-shi, Japan

L

leniwiec

Poznan, Poland

ads68

Melbourne, Australia

Maxey

Amstelveen, Netherlands

Bobrm2k3

Charleston, United States

Paul Buchheit

Mountain View, United States

Agerfar

Aarhus, Denmark

Lisbeth

Perth, Australia

utdream

United States

KieranB

Ireland

Lotus Flower

United States

E

erica

antwerpen, Belgium

V

Vivek

Arlington, VA, United States

TH

tom hd

United Kingdom

PG

Paul Graham

United States

Isabella

UK, United Kingdom

Paul Smithson

Leeds, United Kingdom

TW

Tyler Wood

United States

roark22

Geneva, Switzerland

Carla

United States

Mary

Germany

Jes-c

United States

Craig Newmark

United States

Angi

Germany

The Zinc Team

San Francisco, United States

MO

Mark Owens

United States

Humble Bundle Community

San Francisco, United States

KJ

Kevin J Baird

Cleveland, OH, United States

K

Kyle

Durban, United Kingdom

MM

Mike McGary

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

KN

Kevin N

Cleveland, Ohio, United States

Annie

New York, NY, United States

A

Anonymous

United States

BN

Bence Nagy

Czech Republic

A

Alex

United States

Sean Richards

Wilmette, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

T

TP

United States

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