Increase Stock of Personal-Care Items to Improve Business

Emmanuel Dumor

Ho, Ghana

100% repaid

Entrepreneur

Name

Emmanuel Dumor

Member since

August 2015

On-time repayments

280 installments  •  94%

About Me

Emmauel Dumor is my name.
Started my education at No. JSS at Akatsi in the Volta Region of Ghana. after school I worked with British American Tobacco Company for three years. After the three years I continued to Akatsi Secondary Technical School, where I pursued Business. I continued to Ho Polytechnic to do HND Marketing. I graduated and have since been working with a distributor and also started a business of my own which i believe would grow to meet the demands of my customers.

My Business

Emmanuel is into a business of buying and selling of fast moving consumable goods (FMGC). examples of this goods are washing soaps, tooth pastes, tooth brashes, soaps, biscuits and more. I want to add Rice and Sugar since a lot of people are requesting for it but the capital involved I huge.
The major activity in my area is retailing and people travel to far distances to buy these things for resale, looking at this I thought it wise to make these goods available for them to reduces the cost of travelling.
This needs much capital to be able to be in business because the more you buy the lesser the cost incurred on each product. my business needs like GHc35,000.00
the profit from my business is re-reimbursed and also part used in helping the poor children to be able to go to school.

Loan Proposal

I am going to use this loan to buy more goods for my business. these goods include tooth pastes, brashes and detergents which will cost me an amount of USD$2000
This would help me improve upon my business and help me to employ more people so they can earn some money for a living and also help pay my dependants school fees to keep them in school.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$138.75

Date disbursed

Sep 1, 2015

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Service fee: $3.55

Emmanuel opted to pay $31.65 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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