Inventory of engine oil

Kwame

Berekum, Ghana

100% repaid

Entrepreneur

Name

Kwame

Member since

January 2015

On-time repayments

178 installments  •  87%

About Me

My name is Kwame Asenso. . From there I couldn't go further.In the beginning, I started selling home used cloths and after some time, it was not fetching me much money and I stopped that one too. I therefore began the sale of home used fridges and it was good until the government of Ghana imposed a law, no home used fridge should be imported to Ghana. I therefore switched again and began the sale of engine oil for both motorbike & cars. And I have been doing that for years.

My Business

I sell all kinds of engine oil. I sell both for motorbike , cars and all other kinds of engine. I sell oil filters in addition too. I have been doing this business for 5years now and I know all the pros and cons of the business. I chose this business because there are many cars coming from America and Europe coming to Ghana on daily basis..I mean most been used cars. Either for private or commercial purposes. All these cars also use engine oil after some period of time..this made me enter into this business. I have never regreted doing this business. It is very profitable.

Loan Proposal

Selling all kinds of engine oil is my business. I sell this at an advantageous area at Berekum. My shop is located just behind the Berekum Main lorry station. I have numerous customers which buy from me. I sell oil filters in addition too. The business os very good because I get market for my products all the time, due to the sharp rise of imported cars and other machines which they all use engine oil. Am here because there is more room for improvement. When zidisha lenders help me, I can get more stock which will bring extra profit. I can repay the loan, because I get profit on daily basis. When am given the loan, I shall use $50 for engine oil and the other $50 for filters. Thank you for seeing me through.

Feedback

4

None

1

  • Day Family    Feb 23, 2019

    Unfortunately due to ongoing late repayment and no updates or payments in 9 months, we've had to use Receive Advance Repayment to get the loan money back to assist other lenders.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 22, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

N

nitram

Stockholm, Sweden

YB Song

Seoul, Republic of Korea

S

SeeBiscuit

Reston, United States

M

mason243

Denver Colorado, United States

B

briansedz

Canton, Ohio, United States

McJulio

New Jersey, United States

S

silsley

Cheltenham, United Kingdom

O

Oscart

Edmonton, Canada

D

dannimw

Victoria BC, United Kingdom

Winona

Yakima, United States

A

aliyabe

United Kingdom

S

satheajay

United States

M

Madtowner

United States

Family Mueller

Petershagen, Germany

Humble Bundle Community

San Francisco, United States

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

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