Inventory of electrical materials for my shop

Lydia

Dunkwa-on-offinso, Ghana

100% repaid

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Entrepreneur

Name

Lydia

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

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!

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

$211.00

Date disbursed

Aug 18, 2015

Repayment status

On Time

Projected term

3 months

Other loans

Jun 2015:  $100

Dec 2015:  $105

Mar 2016:  $205

Jul 2016:  $303

Dec 2016:  $430

Jul 2017:  $636

May 2018:  $598

Oct 2018:  $552

Apr 2019:  $573

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  • Lydia    Oct 17, 2019

    hello to my dear lenders and everyone on this platform

    i am on a maternity leave and so decided to keep the business run on a limited amount under someone's management and i will reapply for a loan when i resume from my leave.

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  • Lydia    May 27, 2019

    I want to do this in order that I do not default.
    The rainy season has affected sales .
    I assure all lenders of a full comeback on schedule.
    Thanks to you for your time!

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  • Lydia    May 5, 2019

    I want to thank everyone for their investment. I've gone for a first trip to stock the shop.

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  • Lydia    Apr 25, 2019

    I'm happy to meet with my lenders ...This time as many as possible to help in raising this capital to invest into restocking electrical appliances and tools.
    This timely response to raise this amount will not only keep me in business but will serve the needs of many who depend on the products that this money will supply for their activities.
    I'm glad you have my back to making a dream realised.
    Thanks to all and sundry.

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  • Treesforpeople    Apr 14, 2019

    I wonder if you have thought of selling solar lights? I'm keen to lend to borrowers who are leading the transition to solar technologies.

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    • Lydia    Apr 19, 2019

      I do supply customers but only on demands.
      Hopefully I'll add that to my stocks base in the near future.

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  • Lydia    Apr 12, 2019

    i will always be grateful to all lenders especially to those who comment, monitor and support my business.
    i am glad to partner you as you this venture progresses .
    thank you all for the support

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  • Joshi    Mar 25, 2019

    Lydia,
    with this loan completely paid off, your score has gone up from 85% (when you took this loan in Oct 2018) to 87%. I would have thought it would improve more than that. I see the some of the repayments are almost a week before the due date or a week after due date. Try to maintain your repayments as close to due date as possible. And if you think you cannot make a payment on due date, try to make a partial payment.

    Will be glad to contribute to your next loan application. Wish you all the best.

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  • Lydia    Feb 20, 2019

    A little Time for me...
    A little renovation of my shop

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  • Lydia    Jan 13, 2019

    my sales has dropped right after the holidays and i have to do this to avoid being default

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  • Lydia    Nov 5, 2018

    Thanks to all lenders for helping me with this amount.
    I've received my share of the money after the operational expenses.
    It has come at a time when it is needed to stock up for the festive season.
    I'm grateful for your help.

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  • Lydia    Oct 29, 2018

    this loan like the many others will be use for restocking my shop to ensure customers demand are met especially as we approach this festive season.
    this will engage me as well as customers as it becomes a linkage between us through the acquired stocks
    i would have been out of business but for your support through this loan.
    i can not thank you enough for this generous support to my business.
    i think it and you made it work through these loans i get from you.
    God Bless us all on this platform.

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  • Joshi    Oct 27, 2018

    Hello Lydia, wish you all the best for your electrical appliances shop.

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  • Mary    Oct 16, 2018

    Dear Lydia,
    it's always a pleasure to support your business. I wish you lots of success.

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  • Lydia    Oct 9, 2018

    the past loans have been helpful to me in the sense that it has been the only source of capital for running this venture. thank you to all whose contributions have made this venture grow to this far.

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  • Prince    Sep 5, 2018

    She went to a remote area where she was not able to have access to network but now she is available and is about making payments.

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  • Lydia    Aug 18, 2018

    I don't want to be late payment.
    Sales have slowed of late

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  • Lydia    Jul 19, 2018

    I skipped some weeks payment and I have to do this to recover

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  • Lydia    May 21, 2018

    I'm most grateful to all lenders for helping me with this amount to stock my shop with electrical appliances and engaging me with this business.
    Thanks to everyone for contributing.

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  • Lydia    Dec 20, 2017

    I have taken remarkable steps into developing my business, thank you to all members and lenders on this platform for igniting life into businesses such as mine.
    i used the just ended loan to set the pace for greater expansion by satisfying clients demands .
    i could not do this without your generous contributions.
    Merry Christmas and Happy New year to all Lenders and teams.

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    • Mary    Jan 6, 2018

      Dear Lydia,
      belated Merry Christmas to you and your family, and a very happy, successful new year.
      May all your wishes come true.

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  • Lydia    Aug 6, 2017

    i am over joyed to see this loan funded faster than i thought.
    i will straightaway you this loan to restock my shop with electrical appliances which are o high demand.
    with these team of lenders i am very sure this business is secured
    i am glad you help raise this amount and being a shareholder of this venture.
    thank you all and God bless you!

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