Increasing my stock by buying more flour to bake bread
Michael
Tafo, Ghana
100% repaid
Entrepreneur
Name
Michael
Member since
April 2021
On-time repayments
7 installments • 43%
About Me
Michael Frimpkng is cool guy from the central part of Ghana. I am married with a child. I grew up with both parents but after Shs I decided to travel to search for job. I moved to Kumasi and started as a pupils teacher at New Paradise International school in Kumasi. It was there that i was able to gather some money to help set up a bread factory which own it. My daughter want to be a nurse and back in school I used to play football too.
My Business
I bake bread and sell at wholesale to retailers who comes to my ro my job area. This business has help me alot as it has given me the platform to cater for my family. The selling of bread fetches me money on daily basis so with the support of Zidisha I would be able to expand this business to support more youth.
Loan Proposal
I am applying for this loan to buy flour to bake bread. The demand for bread from my factory is high, this mostly leave me to shortage of stock anytime the demands are high. With this loan I would be able to buy two 50kg of a flour to bake at a cost of Ghc190 per each. This would enable me to serve my customers well and raise enough profit to support my business.
Income Source
I would pay the loan from the money i make from the selling of breads to my customer who patronize my services each and everyday. Thank you
Feedback
Positive
2
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$99.00
Date disbursed
Apr 22, 2021
Repayment status
On Time
Projected term
1 week
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Tina Grozelle May 5, 2021
Kirk Moore May 2, 2021
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