Inventory of electrical appliances for retail shop

Lydia Asante

Dunkwa-on-offinso, Ghana

100% repaid

Entrepreneur

Name

Lydia Asante

Member since

June 2015

On-time repayments

155 installments  •  89%

About Me

i got the chance to complete JHS where i entered into apprenticing hair dressing which i graduated in 2007.
i got married and things changed where i relocated to my current place and as a result of it being a new site the patronization of my services was not encouraging so i turned the shop to selling something so demanded in this area, electrical appliances which as a result of the ongoing constructions is highly demanded
as a child i was interested in how to manage and try to make something that will please at least most people around.
i have grown to know this very well and have applied it in my own shop as to the level of stock that an inventory has to be made.
i did not get the chance to pursue education to the fullest and i am determine to help my children to and level of eduction they so wish
this i envisioned to making this business strongly established.

My Business

i sell all kinds of home electrical appliances from electric switches , bulbs, extension cables and the like.
Due to my location these goods are of high demand and as such the need to stocking my shop is necessary as it is some distance away to the next shop where such goods can be obtained
these items as light bulbs and switches are demanded on daily bases and costs as low as 3 cedis ~~$o.5 this makes the restocking of the shop on weekly bases.
as a form of investment where i determine the interest rate for myself i reinvest all accrued profit into the business as a form of building the capital base.

Loan Proposal

Like the past loans , i will use this loan amount to restock my shop with electrical supplies for my teaming customers as this will create a goodwill for them to come with the assurance that they will get all the want from my shop/
wiring cables, pipes and switches, bulbs and sockets just to mention few are what i deal in for the past years with your help as a shareholder.
customers come to me for their house wiring needs and over the years tend to rely on me for these supplies and therefore this loan is very vital as it will help getting my supplies on time.
this business over the years is dependent on your contributions and as such all interest accrued is reinvested into the business as a means to growing its capital base.
You have all played your part up to this time and this venture is once more here to solicit for your usual support to help it deliver.
I am glad to have your interest in helping grow this ventu

Feedback

7

None

None

  • David    Mar 29, 2019

    Loan was originally scheduled to take three months. Although there was a reduction in repayment amounts, this was explained in the discussion section. Regular payments continued and the loan was paid off in five months.

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  • Mary    Mar 25, 2019

    Hello Lydia, thank you for repaying your loan. It was a pleasure helping you attain your goals. I would be glad to lend to you in the future.

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  • Joshi    Mar 25, 2019

    Steady, regular repayments and appr communication. Will lend her again.

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  • Mary    Oct 16, 2018

    Dear Lydia,
    thanks for paying back another loan. It was a pleasure to support your business again and I wish you continued success.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$552.81

Date disbursed

Oct 31, 2018

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $16.84

Credit risk payment: $67.61

Lenders

MarktheMormon

Sandy, Utah, United States

JimVandegriff

Trinidad, California, United States

C

chrisherron

Chicago, United States

Bobrm2k3

Charleston, United States

L

Liz

Nowra, Australia

Treesforpeople

Oxfordshire, United Kingdom

Stefano Bertolo

Luxembourg, Luxembourg

PolarBearCapital

United States

Craig

Memphis, TN, United States

Aran Dunlop

United States

Mary

Germany

Ren

Minneapolis/StPaul, United States

NH

Nancy Hull

United States

David

Canada

ML

miriam levine

United States

Carrie

Arlington, MA, United States

Joshi

United States

CJ

Carrie Jean

United States

Cambium Foundation

Kirkland, United States

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

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