Entrepreneur
Name
Philemon
Member since
September 2020
On-time repayments
27 installments • 30%
About Me
My Name is Philemon A. Agbedem. I'm a teacher and an entrepreneur.
I was moved to see people especially women having to travel over 20km to access a grinding mill. Sometimes these women had to spend a day or two to be able to mill their grains, so in 2019 I started a mill in the community.
My Business
I operate a grinding mill.
Due to pressure on the mill, I need a loan to add another mill to the existing one.
This will ease the pressure on the single mill and also eliminate the waiting time of customers which will eventually yield much profits.
Loan Proposal
I travel 30km to buy 25litres of fuel (diesel) for my mill every week. This practice is reducing my profits. With this loan, I will buy a barrel (225litres) of diesel. This will enable me save a lot and increase my profit.
Income Source
Businesses are picking up and profits are increasing. I am convinced that timely repayments will be made.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$217.00
Date disbursed
Oct 15, 2020
Repayment status
Late
Projected term
5 months
Other loans
Lenders
Germany
United States
Surfers Paradise, Queensland, Australia
United States
United States
Germany
United States
Grand Rapids, MI, United States
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