Loan for goods purchase

Ben

Techiman, Ghana

100% repaid

Entrepreneur

Name

Ben

Member since

August 2016

On-time repayments

75 installments  •  65%

About Me

I AM THE SIXTH SON OF MY FAMILY. I COMPLETED SDA JUNIOR HIGH SCHOOL IN TECHIMAN MUNICIPALITY. I THEN ATTENDED TUOBODOM SENIOR HIGH SCHOOL. I OVERCAME HARDSHIP THROUGH A A SMALL RESTAURANT I PUT MY SELF IN.THROUGH THIS I WAS ABLE TO PAY MY HIGH SCHOOL FEES. MY HOUSE IS LOCATED AT AN AREA THAT IS HARD TO GET FAST FOOD AND DRINK DURING WORKING HOURS SO I TOOK THIS OPPORTUNITY TO ESTABLISH RESTAURANT AND DRINKS BAR AT THE AREA. THROUGH THIS I AM ABLE TO HELP MY YOUNGER SIBLINGS IN SCHOOL. THE LAND AND CULTURE WHERE I LIVE IS VERY PEACEFUL AND GOOD. WE RESPECT EACH OTHER AT THE AREA. AM SINGLE AND DON'T HAVE A CHILD NOW. BUT I HOPE WHEN I GIVE BIRTH MY CHILD WILL CHOOSE TO BE A DOCTOR OR NURSE TO HELP HUMANITY.

My Business

THE GOODS I DO PROVIDE AT MY RESTAURANT ARE FOOD AND DRINKS. THE DRINKS I MEAN ALL SORTS OF DRINK. THEY ARE GOODS IN DEMAND BECAUSE WHERE IT IS LOCATED THERE ARE A LOT OF OFFICES AROUND THE AREA. DURING BREAK A LOT OF WORKERS COME FOR THEIR LAUNCH THERE. I CHOOSE THIS KING OF BUSINESS BECAUSE I HAD MUCH KNOWLEDGE ABOUT IT. ACTUALLY THE TYPICAL AND REVENUE ARE AROUND $150 to$ 200 dollars. THE PROFIT I WILL GET FROM THE WORK WILL BE USE FOR MANY THINGS TO HELP BUILD MY FAMILY. I WILL USE PART FOR MY SIBLINGS SCHOOL FEES THAT I DO PAY, ALSO WILL USE SOME PART TO REINVEST IN THE BUSINESS SO THAT IT WILL EXPAND AND HELP ME EMPLOY MORE WORKERS AND DECREASE UNEMPLOYMENT AT MY LOCATION. I WILL ALSO USE PART TO HELP LOANED OTHER PEOPLE WHO MIGHT BE IN NEED OF LOAN TO EXPAND THEIR BUSINESS.

Loan Proposal

the loan will be used to purchase good to support my business. by buying some petty goods to help expand my business to help employ many people. the loan will help me expand the business so I can employ many people in my localities to help employ many unemployed people in my area. also employing more people will reduce high jobless people in the country. I have intention of taking a high loan after I finish paying my current loan I will expand my loan. so I will use the next loan to purchase more goods so I will expand my company to help my localities.

Feedback

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1

  • Will    Jan 24, 2019

    There has been no communication or payments in over a year. Would not lend again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$19.00

Date disbursed

Sep 3, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

The Zinc Team

San Francisco, United States

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