Hardwares and home supplies business

Prince Buatsie

Koforidua, Ghana

4% repaid

Entrepreneur

Name

Prince Buatsie

Member since

April 2016

On-time repayments

46 installments  •  63%

About Me

My name is Prince Buatsie and i am a Ghanaian. I am a plumber and a hard working young man. I attended a technical school and proceeded to the poly to learn Plumbing . After school, i did an apprenticeship for some six months before finally getting a job with Mani constructions here in Ghana.
my childhood was not that easy since mom and dad could not provide me with the basic that a child will need so right from childhood i learn to adjust and appreciate what i have.
Ghana since when i was young has been and is still a very nice place with a very variety of people living freely and peacefully among ourselves.

My Business

I am into plumbing but i will want set up a hardware shop where i will sell the basic building materials and the basic for my plumbing work.
I already have the shop secured for this business . Currently in my area, there are very many building projects since the place is a new site and the vast area is yet to be developed. Hence these goods are the ones in most demand and since i have been in this industry for such a long time, i know how profitable it is.
Normally these goods make returns of more than 60% on all invested capital.
As i am starting out and working with a company too at the same time, i will put back every profit after paying the cost of operations and save just a very small proportion.

Loan Proposal

when and if my loan project is fully funded i will buy the following items into my new shop.
Plastic pipes for wiring and other plumbing work...........$50.00
Electrical cables and others............................................................$100.00
Twenty bags of cement ...................................................................$60.00
Nails of all types...................................................................................$40.00
Electrical Bulbs of all kinds..............................................................$50.00
Extension sockets..................................................................................$35.00
Two standing Fans.................................................................................$50.00
This will make these goods readily available for the people of my community since the place is a new site and now developing and to me it help support my endeavor and dream.
for now, i will invest much back into my business and save a very small portion after all the cost of operations has been deducted.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$442.97

Date disbursed

Nov 11, 2016

Repayment status

Late

Projected term

60 months

Cost to entrepreneur

Service fee: $11.02

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