Name
Terry
Member since
February 2021
On-time repayments
31 installments • 55%
My name is Terry Amponsah Frimpong. I come from a small town in the Kwabre East district of Ghana. I completed my basic education at ST. Joseph catholic school in my hometown. I had my secondary school at SIMSS college at Mamponteng. After school, I became a shop assistant at Rollex shoes and clothing center. Where I had knowledge in buying and sell. With this experience, I started a small grocery store from a shop I rented from a neighbor.
From a little savings I had, from being a shop assistant, I started a grocery store. My business since 2016 has seen some improvement. I lent good customer service so people feel happy when they buy from my shop especially the youth. As a means of helping the society, I give some of the goods on credit to people who are in need.
In this country, there is frequent changes in the price of goods. The amount of goods my trading capital capital can purchase differs almost every week. I need larger capital to buy the goods in bulk so that even if there is price, I would not be affected much. In the same way my profit will also increase.
Most of the goods in my shop are food items. Food is a basic necessity. There is always high demand for these goods. Even though there economic crises, people need to eat to survive. Therefore, my business still goes on.
Mar 1, 2021: Loan to stock my shop
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$12.00
Date disbursed
Feb 10, 2021
Repayment status
On Time
Projected term
2 weeks
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Benvenuto May 15, 2021
Jessica Mar 22, 2021
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