Lydia
Dunkwa-on-offinso, Ghana
100% repaid
Name
Lydia
Member since
June 2015
On-time repayments
155 installments • 89%
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.
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.
I will again use this loan to stock my store with electrical materials a market of which I have already gotten with the previous loan.
Light bulbs, switches, lamp holders, sockets wire mesh and many of the common parts needs of house hold electrical appliances.
This loan will fully be invested into the sale of these items which ate of. more.demand in my area.
The availability of these items in my store has made it a regular place for customers as they get all they want on visit and the profit that comes out of it is worth keeping every entrepreneur in business.
I thank you for helping me laid this strong foundation and still count on your help to keep it running.
I'm glad you have decided to help once more!
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$211.00
Date disbursed
Aug 18, 2015
Repayment status
On Time
Projected term
3 months
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