Inventory of electrical shop

Richard

Berekum, Ghana

49% repaid

Entrepreneur

Name

Richard

Member since

January 2015

On-time repayments

188 installments  •  32%

About Me

Richard Boateng is my name, I come from Berekum in the Brong Ahafo Region. I started my basic school school at Berekum Akab Complex School, from there i went to Sunyani Senior High School where i offered Business with obtion in Accounting,Management,Costing and Economics.From there live was not easy for me at all because there was no money for me to continue my education.I then wrote more application in such of work, it took me two years before a certain man amployed me in his Electrical shop. I worked with the man for several years and due to my hard working i was able to accumulate some amount of money of which i also started my own shop. I started it with the small money i had and by the grace of God is improving. The uniqueness about my area is a lot of people are building houses and after that they will need electricity, that can also not be possible with out wiring of the house,so if i get the loan it will help. Is my aim to set up more business to employ so many peoples to work.

My Business

The name of my business is Richardo Electrical Shop. It is located at Berekum near the main lorry station. The actual goods and services i provide are selling of electricals like wires, bulbs, funs, friges, cables,blenders etc. The goods are useful because a lot of people are building houses and they will need it to help them generate electricity in their various homes. Some of the goods also service as basic need in the house. The main motive behind me choosing this kind of business is that, the goods are highly demanded due to the increase rate of building in my area. If i invest let say $ 670 within a week i can get $150 profit because as soon as i bring the goods people come to buy. Even sometimes they pay before i go and bring the goods. My capital is small that is why i am pleading with you to help me expand my business with the loan.

Loan Proposal

I will use the money to buy electrical items like cables, blenders, wires, bulbs, lights, friges etc. This will create a lot of benefits to myself and others because i will employ a lot of people of which i will pay them, Also a lot of people will get goods they are in need to buy to prevent them from going out side berekum to buy. I will also GET MONEY to expand my business and also to feed my family. I also expect my profit to increase so i can expand my business.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$608.00

Date disbursed

Feb 28, 2015

Repayment status

Late

Projected term

42 months

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  • Richard    Feb 2, 2016

    Hi lenders, hope you are all doing food. I used the loan to buy electronics into my store and it has really helped me a lot.

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  • Richard    Jan 3, 2016

    I wish all my lender's merry Xmas

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  • Richard    Oct 30, 2015

    Please I paid 30 GHS on Oct 25 around 7 : 00 pm but it has not been credited to my account. Please check it for me.

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  • Richard    Oct 27, 2015

    I thank the entire zidisha team. in fact my business is doing well with the help of zidisha. God bless you all.

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  • Richard    Aug 26, 2015

    I would like to adjust my installment amount to 10 Ghana cedis because I have open a new branch and due to that my capital has go down. I no with time things will soon change. Am just pleading with my lender's and the entire zidisha team to bear with me . I count on you usual cooperation.

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  • Richard    Aug 4, 2015

    I used the money which is the loan to buy items for my shop and because of the loan my shop is almost full . People from near and far do get a lot of electrical items to buy from my shop all because of zidisha loan. My profit margin has increased a lot and am even thinking of opening another shop. I use the increased earning to expand my business and also some for the family. I want to open another shop and also employ more people to work there so that they can also earn something for themselves.

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  • Richard    Jul 13, 2015

    What shall i say to my lenders, God richly bless you all.

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  • Richard    Jul 8, 2015

    By the grace of God my business is going on well. Thanks goes to all my lenders.

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  • Richard    Jun 27, 2015

    thank to all lenders and zidisha team

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  • Richard    May 18, 2015

    My business is going on thanks to all my lenders and Zidisha team.

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  • Richard    May 9, 2015

    The loan has really helped me increase my stock. Thanks goes to all my lenders and Zidisha team.

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  • Richard    Apr 25, 2015

    my business is going on well, thanks goes to all my lenders for their support.

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  • Richard    Apr 14, 2015

    Thanks goes to all my lenders for their support, my business is going on well.

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  • Richard    Mar 26, 2015

    I thank all my lenders and the zidisha team for your support, your loan has really made progress in my life and in my business as well. Please i want to change my installment amount due to the economic situation in my area which has really affect sales this days. I will adjust it when sales becomes normal. Thank you once again.

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  • Richard    Mar 10, 2015

    my loan is helping me a lot, i thank all my lenders.

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  • Richard    Mar 2, 2015

    I have received my loan and have now increased my stock, I thank the faithful lenders for helping me. It will go a long way to broaden my business and will help me with my education and subsequently improve upon my life. I will repay promptly and get more from my faithful lenders. God bless you all ( my lenders)

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  • Richard    Mar 1, 2015

    God bless all lenders and carry them to the next level of their lives. I have received the second loan . Thanks.

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  • Richard    Feb 27, 2015

    Am now waiting for my money to be disburse to me. God richly bless my lenders.

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  • Richard    Feb 27, 2015

    God bless all lenders and carry them to the next level of their lives.

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  • Richard    Feb 27, 2015

    My time is dying out gradually and am sinking in the sea, lenders please extend your compassion to me , dont ignore my humble plea

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