Name
Isaac
Member since
September 2015
On-time repayments
77 installments • 66%
I am Isaac Amekeh , the 10th child in a family of 11
My old father and mother understood the importance of formal education but could not raise enough funds to look after my brothers and me. As result I work hard on the farm to raise enough money to finance my education up to Secondary school. I later trained as a mason and have worked for these 7 years.
The need to create a secondary source of income to fend for my nephews and nieces has compelled me to take to dealing in sandals when I have no new site to work on.
I deal in brand news sandals.
People need these sandals to look presentable when they attend ocasions
The demand is high seeing no one would do away with footwear.
I buy them from a local manufacturer anmd have to pay transportation to convey them to the stall where I display it.
The proceeds are used to pay school fees and to feed my children and nephews.
Part of the profit goes into growing the same business.
Purchase of Stock:
Term : 2 weeks
A-Cost:
6 pairs of Sandal- $10.00x6 : $60.00
6 pairs of shoe $ 10.00x6 : $60.00 $ 120.00
B- Sales
6 pairs of Sandal $ 15.00x 6 $ 90.00
6 paiirs of Shoe $ 15.00x6 $ 90.00 $180.00
Profit $180.00-$ 120.00 $ 60.00
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$116.00
Date disbursed
Jun 12, 2017
Repayment status
On Time
Projected term
5 months
Other loans
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Margaret Jun 6, 2017
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