Wholesale supply of palm oil for my market stand
Millicent
Odorkor, Ghana
$0 to go
100% funded of $395 goal
0
days left
Entrepreneur
Name
Millicent
Member since
November 2014
On-time repayments
99 installments • 24%
About Me
My name is Millicent Ashong .l live in Odorkor , an area in Accra. lam 23years old.l completed primary school and continue to have Junior Secondary School Certificate.My parent are Mr and Mrs Ashong l grew up with five siblings l am married and has a daughter . my child is going to school. l married my husband, Emmanuel last 4 years . l have set up small business which l sell local palm oil to my customers.l started this business because l want to support my husband so that he can
provide basic needs for my children. l do not want my husband alone be a main earner in the household. l used my earnings to pay my child school fees and save some for my business. l like watching movies, soccer and reading books. l dislike people who are not hard workers.Since l did not go to university l want to work hard in my business so that l will send my children to college.
My Business
l sells Palm oil to local people in the market. l buy all my Palm Oil products from the wholesalers. l have been doing this for3 years. l earn approximately GHC 500 per month (about $155) from this business. The demand are very high and now days l can hardly manage my household expenses with my income. l wants to expand my business so l can enjoy a better life and support my husband to provide basic needs for our children.. l am happy that l am self -employed and can contribute to my family’s livelihood.
As well as changing my family’s situation, l want to apply for a loan to visit a wholesale shop and buy Palm Oil in bigger quantities and also at a discount. This will enable me to increase my profits.
Loan Proposal
l would like to take this opportunity to Thank Zidisha and Lenders very much for given me another chance to apply my third loan. my second loan help my business a lot.
l buy all my Palm oil products from the wholesalers. l apply for this third loan from Zidisha Microfinance to visit a wholesale shop and buy the Palm oil in bigger quantities and also at a discount. This will enable me to increase my profits and income. l want to expand my business so l and my children can enjoy a better life. l will be able to repay the loan because l make profit in the business and l do believe that with this loan my income and profit will increase. l will add the loan to my savings so that l buy two bulk of palm oil. one is cost about GHC865($212) and used GHC73 ($18) to buy bottles for my oil business. Thank you .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$395.00
Date disbursed
Sep 16, 2015
Repayment status
Late
Projected term
14 months
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