Loan for baking ingredient and equipment

Richard

Elmina In Cape-coast, Ghana

100% repaid

Entrepreneur

Name

Richard

Member since

February 2015

On-time repayments

291 installments  •  58%

About Me

I am Richard Asamoah, 25 years old. I started my primary education at Super Confidence International School. I furthered my junior education at T. I. Ahmadiyya Junior High School - Asokwa. After I obtained my Junior High certificate, things became unbearable for me. So I had to leave my parents and I lived with a relative. I like the Ashanti culture because I could see them eating "fufu" early morning or late at night. Moreover, their language is very powerful in the sense that is dominating all over Ghana. What I enjoy most is table tennis, the reason being that it involves all the body parts and is also good exercise.

My Business

My business is entitled Good Father Bakeries. It is located at Asokore Mampong. Initially, I was the only baker who established myself there, so the demand and supply were very high and I was making quite some profit. I chose this business because my locality didn't have any bakery centre, so after awhile I decided to venture into that. The interest, or better still the profit gained, is reinvested into the business to extend my productions. I want to produce on a larger scale to provide for the length and breadth of Kumasi.

Loan Proposal

I WILL BUY BAKING FLOUR.
As afore said i will buy again baking flour together with baking equipment to enhance my baking business. The baking flour and the equipment will cost $ 950.
Per my business records, the business has increased tremendously from April 2016 till now.
If the figure coated above is disbursed the profit percentage will inctease from 20% to 31%.
Thank you

Show original English  

About Me

I am Richard Asamoah, 25 years old and I started my primary education at Super confidence international school were i furthered my junior education at T. I Ahmadiyya Junior High school -Asokwa. After i obtained my Junior High certificate, things became unbearable for me. So had to leave my parents and lived with a relative. I like the Ashanti culture because i could see them eating "fufu" early morning or late at night. And moreover their language is very powerful in the sense that is dominating all over Ghana. What i like enjoying most was table tennis, the reason been that it involves all the body parts and also a good exercise that is.

My Business

My business is entitled Good Father Bakeries located at Asokore Mampong. Initially i were the only baker who eatablised myself there, so the demand and supply were very high and was making quite some profit. I chose this business because, my locality wasnt having any bakery centre so after a while i decided to venture into that. The interest or better still the profit gained is reinvested into the business to extend my productions. I want to produce on a larger scale to providin for the length and breadth of Kumasi.

Loan Proposal

I WILL BUY BAKING FLOUR.
As afore said i will buy again baking flour together with baking equipment to enhance my baking business. The baking flour and the equipment will cost $ 950.
Per my business records, the business has increased tremendously from April 2016 till now.
If the figure coated above is disbursed the profit percentage will inctease from 20% to 31%.
Thank you

Feedback

3

None

None

  • guenter    Aug 20, 2018

    Payed back very well

    Log in to reply • Share
  • Mary    Feb 13, 2018

    Richard is a model Zidisha borrower. I would recommend funding any of his future loans!

    Log in to reply • Share
    • Richard    Mar 28, 2018

      mary , why is it that my loan is not funded on 3 consecutive times

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$643.00

Date disbursed

Jan 24, 2017

Repayment status

On Time

Projected term

11 months

Lenders

P

Peksa

Espoo, Finland

Bobrm2k3

Charleston, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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