Loan for business place & equipment acquisition & stocking

Michael

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Michael

Member since

June 2017

On-time repayments

17 installments  •  94%

About Me

My name is Michael Owusu Afriyie, also proudly called Mike-1. This name came up through my splendid performance within my school and local sports activities where most of my colleagues were also bearing the name Michael.

Since my childhood days till now, I have been carrying a calm, purpose driven and results oriented syndrome. That is to say, I am a quiet guy but perform any set task with all seriousness/activeness and rest only after predetermined target is reached
.
With knowledge of prevailing socio-economic hardships in my community resulting from low education and low entrepreneurial skills deployment, it has been my dream to build-up business development and training skills by reaching-up to higher heights in education and entrepreneurial skills training. This is to enable me to effectively contribute my quota to this crucial need of the community. This motivated me to strive for educational excellence and quick-start of this my own business.A contributing factor to this my business in ICT-industry is my interest in graphic designing, reading and researching.

Considering my diligence, honesty, intellectual purpose, statesmanship desire among other laudable sense of vision, I stand to work creditably to make impart among populations by providing products and services to solve social needs, whiles creating jobs.

I am a family-man, but I am yet to raise family of my own after stabilizing my own business/source of income.

My Business

Sir Mike’s Multi-dimensional Capacity Building Services is the name that coins my business.

It comprises of several business portfolios.

The Services I provide are as follows;
Computer Training and Publications
Computer and Computer accessories
Food Supplements
Educational Materials(Books, Pens, Motivational Books)

These products/services meets the crucial needs of my community which cut across health, education, information and recreational needs and as such of good demand.

Typical cost of providing these products/services is around GHC 700. That is with 3 capital assets; One desktop computer set, mini photocopy machine and a printer, the production costs includes A4-sheets, Printing/Photocopy tonners, Electricity Bill, Security and Transportation costs among other.,

This is how I allocate my profit gain;

2/5th for re-stocking and daily petty production expenses, 1/5th for bank savings/investment, 1/5th for equipment maintenance, 1/5th for personal expenditure(daily upkeep).

Loan Proposal

I will use the loan to acquire appropriate site and structure for my computer training and publication services. Also, i will use some for topping up my stock; computer accesories, educational materials and food supplements.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$41.00

Date disbursed

Jun 22, 2017

Repayment status

On Time

Projected term

5 weeks

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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