If i am granted this loan, i will buy more baby food and products to increase my stock and meet the high demand in this...

Freda

Takoradi, Ghana

3% repaid

Entrepreneur

Name

Freda

Member since

January 2014

On-time repayments

89 installments  •  3%

About Me

I am Freda, i live with my mother in takoradi, market circle, Ghana. she is disabled in one leg. My father has passed away some years ago. I have been educated to senior high school level in takoradi. I am an only child and i do everything i can to help my mother. I worked as a waitress for sometime but have now started a mother care shop in our porch at home. I live close to the central market in takoradi and also close to the clinic so i can sell baby products to nursing mothers who pass by to the clinic. My main aim is to take care of my mother and get her the best medication i can afford. Also i plan to go back to school after i have saved enough money and study nursing.

My Business

Mother care shops are booming now a days in Ghana, because a lot of young families coming up. And all these new couples are having babies or planning to. I go to the wholesalers and buy infant food, diapers, bibs, cribs, feeding bottles, walkers, toys and baby clothing. Since i started this business i am able to stock up like gh1000 a month and i am able to get like gh1600 back. But there is always deficit in my sales because i have always a shortage of products so i know that if i am able to increase my stock i will meet my demand. And get more money to expand. I the demand available, i can tap into it and get a lot more customers and money too. I will in future rent a shop in takoradi market circle which is the hub of business in town and reach more people rather than from my porch.

Loan Proposal

I am applying for this loan to buy more products for my shop. Like baby food, diapers, feeding bottles and bowls, bibs, cribs and clothing to double my stock to meet the demand in this area. So that i will capture the market before other people start some and the competition grows. I will then be able to start saving for the future of the business in acquiring a bigger shop in market circle and also take care of my mother. I will be able to pay of this money as soon as possible and do more things. I will like to thank zidisha for the opportunity given me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$74.00

Date disbursed

Feb 3, 2014

Repayment status

Late

Projected term

21 months

Lenders

Silver

Steiermark, Austria

JimVandegriff

Trinidad, California, United States

Sarasota

Sarasota, Fl, United States

C

cranejoad

cazenovia, United States

Richard Griebe

La Jolla, United States

Matching Fund

Sterling, United States

C

charwupy

Hong Kong

Ask Freda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$7.50

Amount remaining

$213.50

Expected completion

Oct 28, 2015

Status

Repaying late

Installment amount

$2.50

Repayment History

Expected Payments Actual Payments
Feb 11, 2014 $0.00
Feb 18, 2014 $2.50 Feb 12, 2014 $2.50
Feb 25, 2014 $2.50 Feb 12, 2014 $2.50
Mar 4, 2014 $2.50 Mar 4, 2014 $2.50
Mar 12, 2014 $2.50
Mar 19, 2014 $2.50
Mar 26, 2014 $2.50
Apr 2, 2014 $2.50
Apr 9, 2014 $2.50
Apr 16, 2014 $2.50
Apr 23, 2014 $2.50
Apr 30, 2014 $2.50
May 7, 2014 $2.50
May 14, 2014 $2.50
May 21, 2014 $2.50
May 28, 2014 $2.50
Jun 4, 2014 $2.50
Jun 11, 2014 $2.50
Jun 18, 2014 $2.50
Jun 25, 2014 $2.50
Jul 2, 2014 $2.50
Jul 9, 2014 $2.50
Jul 16, 2014 $2.50
Jul 23, 2014 $2.50
Jul 30, 2014 $2.50
Aug 6, 2014 $2.50
Aug 13, 2014 $2.50
Aug 20, 2014 $2.50
Aug 27, 2014 $2.50
Sep 3, 2014 $2.50
Sep 10, 2014 $2.50
Sep 17, 2014 $2.50
Sep 24, 2014 $2.50
Oct 1, 2014 $2.50
Oct 8, 2014 $2.50
Oct 15, 2014 $2.50
Oct 22, 2014 $2.50
Oct 29, 2014 $2.50
Nov 4, 2014 $2.50
Nov 11, 2014 $2.50
Nov 18, 2014 $2.50
Nov 25, 2014 $2.50
Dec 2, 2014 $2.50
Dec 9, 2014 $2.50
Dec 16, 2014 $2.50
Dec 23, 2014 $2.50
Dec 30, 2014 $2.50
Jan 6, 2015 $2.50
Jan 13, 2015 $2.50
Jan 20, 2015 $2.50
Jan 27, 2015 $2.50
Feb 3, 2015 $2.50
Feb 10, 2015 $2.50
Feb 17, 2015 $2.50
Feb 24, 2015 $2.50
Mar 3, 2015 $2.50
Mar 11, 2015 $2.50
Mar 18, 2015 $2.50
Mar 25, 2015 $2.50
Apr 1, 2015 $2.50
Apr 8, 2015 $2.50
Apr 15, 2015 $2.50
Apr 22, 2015 $2.50
Apr 29, 2015 $2.50
May 6, 2015 $2.50
May 13, 2015 $2.50
May 20, 2015 $2.50
May 27, 2015 $2.50
Jun 3, 2015 $2.50
Jun 10, 2015 $2.50
Jun 17, 2015 $2.50
Jun 24, 2015 $2.50
Jul 1, 2015 $2.50
Jul 8, 2015 $2.50
Jul 15, 2015 $2.50
Jul 22, 2015 $2.50
Jul 29, 2015 $2.50
Aug 5, 2015 $2.50
Aug 12, 2015 $2.50
Aug 19, 2015 $2.50
Aug 26, 2015 $2.50
Sep 2, 2015 $2.50
Sep 9, 2015 $2.50
Sep 16, 2015 $2.50
Sep 23, 2015 $2.50
Sep 30, 2015 $2.50
Oct 7, 2015 $2.50
Oct 14, 2015 $2.50
Oct 21, 2015 $2.50
Oct 28, 2015 $1.00

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