Investing in my painting business

Philip Kwadwo Afoakwah

Asokore Mampong, Ghana

Loan disbursed

$0 to go

100% lent of $159 goal

0

days left

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Entrepreneur

Name

Philip Kwadwo Afoakwah

Location

Asokore Mampong, Ghana

On-time repayments

2 weekly installments  •  100%

About Me

I am Philip Kwadwo Afuakwa a married man with four children. I grew in Juaben in the Ashanti Region. Ashanti's are made of different clans and I am from the Oyoko clan. The Ashanti kingdom has a golden stool which United all people under one umbrella. Growing up from a farming community was not easy as out main source of income was the cultivated crops the we sell. This made my parents find it difficult to help us further my education to the university level, so I decided to learn a profession in painting and I am now one of the best painters in my community. As I grew up from a humble beginning I want to impact the same knowledge to the youth so I have three apprentices that I am working with. In school I was good in running 100meters.

My Business

I am a professional painter who paints buildings like schools, homes or any other. I also sell paints to various customers according to their request. when paints are purchased I get profit and when one also demand for painting of his or house, school, companies, I charge them depending on the nature of of the job. this job is done through the week as customers always demand for.my services. I raise profit from this business and reinvest back into the business and also use some for family expenses.

Loan Proposal

I am applying for this loan to help me increase my paint business stock. The rate at which customers purchase paints is very encouraging and getting this loan would help me increase stock and profit . I would reinvest the profit back into the business.

Income Source

The loan would be paid through the sales money I make from selling of paints to clients each and everyday.

Feedback

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Lenders

Paul Buchheit

Mountain View,  United States

S

Stephan

Netherlands

Loan Info

Disbursed amount

$159.10

Date disbursed

May 2, 2021

Repayment status

On Time

Projected term

1 week

Cost of loan

Service fee: 5% of $159.10 = $7.95

Credit risk payment: $20.67

Optional expediting fee: $23.85

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