Loan for a more efficient used car for my taxi business
George Adu Amponkuruh
Sunyani, Ghana
100% repaid
Entrepreneur
Name
George Adu Amponkuruh
Member since
February 2016
On-time repayments
319 installments • 97%
About Me
I am George K Adu Amponkuruh, a native of Wamfie in the Brong Ahafo Region of Ghana. I was born on 31st March 1959. The education of my younger siblings and I became the sole responsibility of my mother, having lost my father at a tender age.
After completing Standard Seven, I struggled to further my education on my own as three of my siblings were still in elementary school. I was lucky to enroll in the modular training programme through which I became a professional teacher.
I decided to go for further studies and as such managed to buy a taxi cab to help settle my school fees.
My Business
I am mainly involved in the Taxi business. This business has been the main backbone of my living expenses. Currently it is the same business that is supporting the education of my children. I am able to raise an income of $310.00 a month. Out of this, I use approximately $35.00 for repairs and maintenance. To me, the business is very lucrative if the vehicle is always in a good condition.
Loan Proposal
Thanks to Zidisha, I have been able to purchase twoTaxis and I will need your assistance to acquire a more efficient used car to expand my Taxi business. I believe that, given $3,000.00 I will be able to purchase and maintain a used car.
Looking at the lucrative nature of the business any financial assistance such as this will be a great boost to me. I believe an expansion of the business at this time will improve my financial fortunes and profit margins.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$3,670.68
Date disbursed
Mar 24, 2019
Repayment status
On Time
Projected term
12 months
Cost to entrepreneur
Service fee: $112.18
Credit risk payment:
$673.31
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