Entrepreneur
Name
Michael
Member since
January 2015
On-time repayments
81 installments • 10%
About Me
My name is Michael Kyere. I come from Berekum in the Brong Ahafo Region. I have married with no child. I started school at Madona preparatory and continuous at sunyani secondary school. From there i want to Berekum College of Education as a trained Teacher. i am now teaching at Fetentaa MA. I started this curtains store long ago and is very lucrative . I have been doing this for years and is helping me and my family for a very long time. This curtains store helped me during my education at the training college because when i about to complete my training education my father die. It is now helping me to take care of my family. i like to play football and watch my team Real Madrid play and win. i feel so happy all the time when ever i go to the shop with my wife and it helps me a lot.
My Business
I started this curtains store many years ago and it has brought many change in my life. I buy goods from local distributors and sell in my shop. I buy the goods at a very attractive price which brings me huge profits. I buy and sell different kinds of curtains from various distributors and sell to the people in my community. Due to lack of funds,i cant buy in large quantities which made me lose higher profits. I chose this kind of business because it is the only curtains store in my area. When i invest about $397, i can get a profit of $125 dollars within a week because many peoples are building houses in my area and will need these curtains for decoration. This is very awesome and booming and i need this loan urgently to improve and buy in bigger quantities.
REPAYMENT OF LOAN
I will generate a lot of profit from this business and i am also a salary worker and i promise to pay my loan from these two sources my income. Thank you.
Loan Proposal
i need this loan because i need money to buy goods for my curtains store. because many people in my area are building houses and will need this loan to buy different kinds of curtains for my shop. i will get so much profit from this loan and will help me in my business because of the building the people are building in my area. i can get a profit of $50 to $65 within a week
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 28, 2015
Repayment status
On Time
Projected term
6 weeks
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