Loan to pay children's school fees, help my wife stock her provisions store, and begin construction of a house
Richmond
Kukuom, Ghana
11% repaid
Entrepreneur
Name
Richmond
Member since
January 2016
On-time repayments
130 installments • 81%
About Me
I am Richmond from a small village called sabronum in the Ashanti region of Ghana west Africa. But I lived at Kukuom in Brong ahafo region of Ghana west Africa. I was born to a family of ten children and I am the first born to my parents and I also have three children and I have been taking care of all the family members. Because I am only person who has attained high level education. So I my little income from my teaching to support my family members. Because the money is not enough for the family members I decided to go into farming so I planted plantains and it has helped me and my family members I used little income of money to support my family. I have been into farming for the past three years .I want my children to become doctors, nurses and professional teachers
My Business
I am into plantation of plantains and it's suckers. It is of very high demand specially the suckers when they are planting new suckers in a new farm. It is easy to produced the suckers in many quantity. It's a business of high profit because if you invest GHS 1000 for preparation of suckers in three months you will get profit of about GHS 2000. The cost of planting sizable farm is GHS1000. I will use the profit from the farming to improve the living standard of my family and also use some to expand my farm.
Loan Proposal
I will use this money 1000 dollars to start the construction of my house, l will give 400 dollars to my wife to purchased more commodities into her provisions store, I will also use 200 dollars to pay my children school fees. I will use 650 dollars in my farming business that is I will buy farm input like cutlass, hoe, mattocks, and other things. This will help me to increase my profit and this will help transform my life and that of my family members.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$2,192.00
Date disbursed
Sep 5, 2016
Repayment status
Late
Projected term
69 months
Other loans
Lenders
France
United States
United Kingdom
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$246.29
Amount remaining
$1,945.85
Expected completion
Sep 3, 2018
Status
Repaying late
Installment amount
$84.41
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 12, 2016 | $25.74 | Sep 11, 2016 | $25.74 |
| Sep 19, 2016 | $5.15 | Sep 18, 2016 | $5.15 |
| Sep 26, 2016 | $5.15 | Sep 25, 2016 | $5.15 |
| Oct 3, 2016 | $5.15 | Sep 25, 2016 | $5.15 |
| Oct 10, 2016 | $5.15 | Sep 25, 2016 | $5.15 |
| Oct 17, 2016 | $5.15 | Sep 25, 2016 | $2.57 |
| Oct 11, 2016 | $2.57 | ||
| Oct 24, 2016 | $5.15 | Oct 11, 2016 | $5.15 |
| Oct 31, 2016 | $5.15 | Oct 11, 2016 | $2.57 |
| Oct 31, 2016 | $2.57 | ||
| Nov 7, 2016 | $5.15 | Oct 31, 2016 | $5.15 |
| Nov 14, 2016 | $5.15 | Oct 31, 2016 | $5.15 |
| Nov 21, 2016 | $5.15 | Oct 31, 2016 | $5.15 |
| Nov 28, 2016 | $5.15 | Nov 29, 2016 | $5.15 |
| Dec 5, 2016 | $5.15 | Nov 29, 2016 | $5.15 |
| Dec 12, 2016 | $5.15 | Nov 29, 2016 | $5.15 |
| Dec 19, 2016 | $5.15 | Nov 29, 2016 | $5.15 |
| Dec 26, 2016 | $5.15 | Nov 29, 2016 | $5.15 |
| Jan 2, 2017 | $5.15 | Jan 4, 2017 | $5.15 |
| Jan 9, 2017 | $5.15 | Jan 12, 2017 | $5.15 |
| Jan 16, 2017 | $5.15 | Jan 12, 2017 | $5.15 |
| Jan 23, 2017 | $5.15 | Jan 12, 2017 | $5.15 |
| Jan 30, 2017 | $5.15 | Jan 12, 2017 | $5.15 |
| Feb 6, 2017 | $5.15 | Jan 12, 2017 | $5.15 |
| Feb 13, 2017 | $5.15 | Feb 20, 2017 | $5.15 |
| Feb 20, 2017 | $5.15 | Feb 20, 2017 | $5.15 |
| Feb 27, 2017 | $5.15 | Feb 20, 2017 | $5.15 |
| Mar 6, 2017 | $5.15 | Feb 20, 2017 | $5.15 |
| Mar 13, 2017 | $5.15 | Feb 20, 2017 | $5.15 |
| Mar 20, 2017 | $5.15 | Mar 20, 2017 | $5.15 |
| Mar 27, 2017 | $5.15 | Mar 25, 2017 | $5.15 |
| Apr 3, 2017 | $5.15 | Mar 25, 2017 | $5.15 |
| Apr 10, 2017 | $5.15 | Mar 25, 2017 | $2.83 |
| Apr 13, 2017 | $2.32 | ||
| Apr 17, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| Apr 24, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| May 1, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| May 8, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| May 15, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| May 22, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| May 29, 2017 | $5.15 | Apr 13, 2017 | $5.15 |
| Jun 5, 2017 | $0.26 | Apr 13, 2017 | $0.26 |
| Jun 12, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jun 19, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jun 26, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jul 3, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jul 10, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jul 17, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jul 24, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Jul 31, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Aug 7, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Aug 14, 2017 | $0.51 | Jun 26, 2017 | $0.51 |
| Aug 21, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Aug 28, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Sep 4, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Sep 11, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Sep 18, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Sep 25, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Oct 2, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Oct 9, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Oct 16, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Oct 23, 2017 | $0.51 | Sep 1, 2017 | $0.51 |
| Oct 30, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Nov 6, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Nov 13, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Nov 20, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Nov 27, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Dec 4, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Dec 11, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Dec 18, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Dec 25, 2017 | $0.51 | Oct 31, 2017 | $0.51 |
| Jan 1, 2018 | $0.51 | Oct 31, 2017 | $0.51 |
| Jan 8, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Jan 15, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Jan 22, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Jan 29, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Feb 5, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Feb 12, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Feb 19, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Feb 26, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Mar 5, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Mar 12, 2018 | $0.51 | Jan 13, 2018 | $0.51 |
| Mar 19, 2018 | $0.51 | Mar 25, 2018 | $0.51 |
| Mar 26, 2018 | $84.41 | Mar 25, 2018 | $4.63 |
| Apr 2, 2018 | $84.41 | ||
| Apr 9, 2018 | $84.41 | ||
| Apr 16, 2018 | $84.41 | ||
| Apr 23, 2018 | $84.41 | ||
| Apr 30, 2018 | $84.41 | ||
| May 7, 2018 | $84.41 | ||
| May 14, 2018 | $84.41 | ||
| May 21, 2018 | $84.41 | ||
| May 28, 2018 | $84.41 | ||
| Jun 4, 2018 | $84.41 | ||
| Jun 11, 2018 | $84.41 | ||
| Jun 18, 2018 | $84.41 | ||
| Jun 25, 2018 | $84.41 | ||
| Jul 2, 2018 | $84.41 | ||
| Jul 9, 2018 | $84.41 | ||
| Jul 16, 2018 | $84.41 | ||
| Jul 23, 2018 | $84.41 | ||
| Jul 30, 2018 | $84.41 | ||
| Aug 6, 2018 | $84.41 | ||
| Aug 13, 2018 | $84.41 | ||
| Aug 20, 2018 | $84.41 | ||
| Aug 27, 2018 | $84.41 | ||
| Sep 3, 2018 | $13.13 | ||
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