Name
Cudjo
Member since
September 2016
On-time repayments
42 installments • 74%
I did not have University education but unfortunately financial constraints it did not materialized. I had wanted to learn sewing but my interest was was driving off suddenly. I began selling petty items like chewing gum, toffees, hacks and many others. Latter, from the savings I made with one of the microfinances I was able to acquire a loan amount of 1500GHS toofdiapers,milk,sugar,soap,minerals like Coca-cola, Fanta,malt and others. My hometown celebrate the "KWAFIE" festival.this a period that invites people from different places emerge to celebrate the occasion. My mum left a small farmland and I have cleared it up to plant some food crops to support feeding in the house.
I sell general goods like sugar, baby diapers, toilet rolls, milk,milo and many others. Tuesday to buy and sell seek buy most of these items to their various communities. The business had a capital of arround Ghc12000. I make daily sales of about Ghc300 a day and aroundGhc600 on Tuesday's which is the market day.
I will buy the filling if I am granted this loan amount. Three bags if sugar at$25. Three dozens of baby diapers at$15. Three boxes of Milo at $25 and two boxes of biscuits at $10. If these items are bought into my shop, it is going to increase my customer base since all the items they require could be provided and the rightfully quantities can also be met. When I am able to get more customers into my shop, It will let my business to expand and through this expansion, I will realise more profit. I hope to increase my profit to about 85% if I am able to buy.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$4.00
Date disbursed
Sep 24, 2016
Repayment status
On Time
Projected term
6 weeks
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