Loan for provisions

David

Koforidua Adweso, Ghana

100% repaid

Entrepreneur

Name

David

Member since

February 2018

On-time repayments

15 installments  •  67%

About Me

Pomeyie David is my name . I come from Keta in the Volta Region in Ghana. But have stay in Koforidua from my infancy. I had my basic education at Trinity Presby Model in Koforidua, Then moved on to Ghana Senior High school also in Koforidua. Upon completing I futherd to Koforidua Technical University to read Purchasing and Supply.
I seek a lot of help from my mentor who motivates me, and to what ever goal I set, I press hard to accomplish.
At my leisure time, I like to read.

My Business

I am into the sale of provisions ( processed food stuffs , biscuits beverages etc) The goods are in demand because members of my community have a level of standard of living and have taste for such products.
I chose this kind of business because people always move long distances to buy such products and I saw the need to establish one at a vantage point to ease my neighbors from such stress .
Costing in the business include purchasing cost, transportation cost and overhead cost. And purchases from my customers are the main source of income.
I reinvest my profit to keep the business moving.

Loan Proposal

I will buy with the money both local and foreign rice, sugar beverages, soaps and local food stuff. This will be beneficial because it will help serve the needs and demands of my customers. Am expecting a profit increase of about 25%

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

4 weeks

Lenders

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  • David    Sep 13, 2018

    I will at this time wish to buy more a the goods I sell for a reason that demand has risen hence I have to go to the market about three times in a week to replenish stocks which ties up my profit. So I believe bulk purchase will help me save cost.
    This will make a difference because it will enhance customer satisfaction as well as cost of transportation. I forecast to have a profit margin of about ten percent.
    This increased earnings will be reinvested

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  • David    Aug 1, 2018

    Thankfully I have added tubers of yam to my inventory as well as other produce like sweet pepper.
    These new purchases tends to satisfy my customers effective demands.
    The expansion has also helped increase my profit margin that I am now self reliant.
    Holidays are exciting to me in my vicinity for a reason people who don't go to work buy a lot on such days and weekends too.

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  • David    Jun 7, 2018

    The previous loan earned me lees profit since some of my products are perishable and in my country, we are in the raining season so people go to town for bulk purchases. I therefore intend to reduce the amount I am applying for to be within the risk zone. Thank you.

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  • David    May 14, 2018

    Am appreciative to the organization. I have received the loan rightly but a little problem is that I didn't get a mobile money notification from my network service provider until I logged in to realize the loan has been disbursed to me. I therefore plead with the team if there can be another source of notification suggesting via email. So that the money lends can be channeled to its purpose of collecting other than considering money in an account personal income. Thank you.

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  • David    Mar 4, 2018

    I will purchase with the money food stuffs.
    It will make a difference because it will expand my business
    I will receive about 100 Cedis profit

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