Stock of rice cookers, blenders and other labor-saving appliances

Mary

Madina, Accra, Ghana

100% repaid

Entrepreneur

Name

Mary

Member since

April 2015

On-time repayments

300 installments  •  57%

About Me

My name is Mary Okai. I am 45 years of age. I live in Madina,opposite assemblies of God church. I attended little angels primary school in lagos-Nigeria,and i attended Girls Academy for my secondary school education.I got married to a Ghanaian and moved to Ghana.
I see moving to Ghana as a blessing because when i got here i knew nothing about my surroundings. I quickly familiarized myself with the environment and made friends with people.Then I looked for the quickest business i could venture into which could both be lucrative and less tiring.Thats when i started buying goods to resell.
Ghana has a lot of tourist sites,and the people are very simple and hospitable.This kind of warm reception made me decide to live in Ghana permanently.
I have five children;3 girls and 2 boys.My first daughter wants to be a computer scientist,my other two daughters want to be doctors and my sons want to be lawyers.
When i have nothing doing i enjoy braiding my daughters' hair,and baking pastries for my family.

My Business

I buy and resell kitchen appliances and utensils.These goods are high in demand because they are mostly bought by women and students in the hostel.I chose this business because if the right capital is invested in it it could be very lucrative.
I normally use $500 to buy and when i resell i get a profit between $200 and $250 I use my revenue to help my husband in taking care of the children,and providing certain household needs.I then use the rest to repurchase my goods to resell.

Loan Proposal

I will use this loan to purchase some items such as kettles,rice cookers,blenders and electronic cookers . I'll use about $250 to purchase these goods. A blender costs about $25,a rice cooker costs $40,$37 for a n electric cook and $30 for a kettle. Profit from this venture would be used to support my family and reinvest in this business as well as help provide some food stuffs and clothes for the less privileged children in my neighbourhood. I believe that by helping these kids I'll be a better person not only to the society but to myself as well. By helping these kids I hope to increase the hope of making the world a better place.

Feedback

6

None

None

  • BernadetteV    Dec 8, 2017

    It’s always a pleasure to lend to Mary. She respects the lenders by making regular repayments and repays the loan just as she had promised.
    I’ll support her again.

    Log in to reply • Share
  • BernadetteV    May 18, 2017

    Regular repayments and loan repaid just as promised. It was a pleasure to lend to Mary.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.00

Date disbursed

Jul 16, 2015

Repayment status

On Time

Projected term

3 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

DeanDropshot

Oslo, Norway

helogr53

Abbotsford, Canada

TheWhiteCat

Surrey, United Kingdom

H

hilde

seattle, United States

camilberlin

Berlin, Germany

xtrahardware

Cazenovia, United States

lizandsteve

guelph, Canada

H

Haavard

Bergen, Norway

G

GanSatya

United States

R

RJonR

United States

mhooper1962

London, United Kingdom

V

Vivek

Arlington, VA, United States

JR

Jacob Rolon

United States

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