Loan to increase inventory for my provisions shop

Grace Adubea

Techiman, Ghana

100% repaid

Entrepreneur

Name

Grace Adubea

Member since

February 2016

On-time repayments

47 installments  •  81%

About Me

My name is Grace Adubea. I am 25 years of age. I come from Techiman in the Brong Ahafo region of Ghana, where I live currently. I belong to a family of five. my parents, two siblings and myself. I manage a provision shop for a living. The food I like best is fried potato with palava sauce and I hike as a hobby.
I am a Senior High School leaver and business minded.

My Business

I manage a provision shop as a profession. My shop is located in Techiman near the chief's palace, in the Brong Ahafo region of Ghana.
After working with one of my aunties to run her provision shop in Accra, I made a saving of GHS1500 from my wages and started my own shop in Amantin. I started managing the shop alone and later after six months I employed two workers to help run the shop.
On every Friday which is a market day in Techiman, we convey some of our items to the market square and we usually make about five times the sales we make on ordinary days.
It is my major priority to meet the demands of my customers as well as enlarge my shop.

Loan Proposal

My dear lenders i want a loan of $200.00 to expand my provision store.If this loan is given to me i will use it to purchase the following items
tin fish, tin tomatoes, canned milk, sachets of rice and bags of gari.
There has been an increased demand for these items but when I obtain the loan, I will be able to purchase enough of these items and it will cause my income to increase by at least 35% weekly.Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.15

Date disbursed

Mar 2, 2016

Repayment status

On Time

Projected term

18 months

Cost to entrepreneur

Service fee: $4.94

Grace opted to pay $9.75 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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