Richard
Obuasi, Ghana
100% repaid
Name
Richard
Member since
April 2016
On-time repayments
146 installments • 49%
Born and raised in Obuasi, Ashanti Region of Ghana, I have always loved this town for its business opportunities it creates. At elementary school, I developed an intense enthusiasm for business management and entrepreneurship. So I pursued business electives as my course of study at high school and graduated with distinction mostly due to my urge for trade. Coming from a less privileged home, I still overcame the challenges of spending and saved quite an amount of money to realize my dreams of becoming a renowned businessman in my town. Though it has not being all roses but I have developed a philosophy of saving more, reinvesting more and expecting more. This philosophy has helped me throughout these years.
Bags retail has being my business since graduating from school. I conceived this business idea whilst still a student. This was due to the fashion trend that hit the school and the nation at large. Ladies would prefer once daily meal with luxurious wardrobe to a less-fashionable three square meal a day. After graduating, I commenced this ladies bags business with the little savings I had accumulated over time. With a 20% profit at start, mainly due to the high demand of the bags, I knew straight ahead that with a high business capital I would soon become a big businessman. Though supporting my little siblings, I always manage to reinvest at least 55% of the business profits.
With the high prospects for my bags business due to its inelastic demand and through your benevolent lending, I have positioned my business to a standard I much appreciate today. But as strength and growth come only through continuous effort and struggle, I seek a loan to acquire about $350USD of ladies bags inventory to help me outspread my business. With your lend-lease, am certain you can put a smile not only on my face but also on the faces of the whole family that depend on my support. Thank you for your benevolence.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$361.00
Date disbursed
Aug 31, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Amount repaid
$379.27
Amount remaining
$0.00
Date repaid
Jan 18, 2017
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Sep 12, 2016 | $20.64 | Sep 13, 2016 | $20.64 |
Sep 19, 2016 | $20.64 | Sep 19, 2016 | $20.64 |
Sep 26, 2016 | $20.64 | Oct 2, 2016 | $20.64 |
Oct 3, 2016 | $20.64 | Oct 3, 2016 | $20.64 |
Oct 10, 2016 | $20.64 | Oct 12, 2016 | $20.64 |
Oct 17, 2016 | $20.64 | Oct 18, 2016 | $20.64 |
Oct 24, 2016 | $20.64 | Oct 26, 2016 | $20.64 |
Oct 31, 2016 | $20.64 | Nov 1, 2016 | $20.64 |
Nov 7, 2016 | $20.64 | Nov 7, 2016 | $20.64 |
Nov 14, 2016 | $20.64 | Nov 14, 2016 | $20.64 |
Nov 21, 2016 | $20.64 | Nov 21, 2016 | $20.64 |
Nov 28, 2016 | $20.64 | Nov 28, 2016 | $20.64 |
Dec 5, 2016 | $20.64 | Dec 5, 2016 | $20.64 |
Dec 12, 2016 | $20.64 | Dec 12, 2016 | $20.64 |
Dec 19, 2016 | $20.64 | Dec 19, 2016 | $20.64 |
Dec 26, 2016 | $20.64 | Dec 26, 2016 | $20.64 |
Jan 2, 2017 | $20.64 | Jan 4, 2017 | $20.64 |
Jan 9, 2017 | $20.64 | Jan 9, 2017 | $20.64 |
Jan 16, 2017 | $7.74 | Jan 18, 2017 | $7.74 |
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