Loan for purchase of equipment

Solomon

Accra, Ghana

100% repaid

Entrepreneur

Name

Solomon

Member since

January 2018

On-time repayments

9 installments  •  56%

About Me

I'm Solomon Assimeng Kwarteng from Ghana. I'm 27 years of age and the last born of my parents, I currently hold a bechelor of science degree in Agribusiness Management & Finance. I am of the convection that entrepreneurship is the backbone behind every successful economy. During my University education I started few Agribusiness projects (Apiary for honey production, training of farmer on mushroom production) which really helped me financially during my stay in the university. I'm always looking for ways and privilege to develop myself so as to make good use of opportunities when they arrive, my motto have always been "if it must be done it must be done well"

My Business

I am into the production of fresh yoghurt, I package the yoghurt in 200ml and 350ml bottles with the brand name new era foods. Because it is a young business i'm looking at gaining market spot with less expensive and quality products, which means my profit margin is minimal. I sell about 80% of my product on the street by hiring people to sell it in the traffic and other public places and I distribute the remaining to nearby drink shops. Because my product is of good quality and less expensive it's demand is increasing. I also organise training workshops for people on how to produce mushroom and also set-up apiary for honey bee. I again have a training sections that targets only farmers, I train them on the importance of keeping farm records and also the effective and efficient ways of keeping these records. My aim is to help these farmers to see farming as a business but not a way of life

Loan Proposal

My name is Assimeng Kwarteng Solomon from Ghana
I just acquired training in yoghurt production, yoghurt production is one of the fastest moving enterprise in
Ghana. I have been able to raise money to purchase most of the ingredients and equipment needed for this production, but is left with few equipment that I need help/loan to purchase
since I have round out of funds. I need to purchase food thermometer which cost about 20 dollars, food flask (which cost about 25 dollars) and ice chest costing 30 dollars. That is in all I need about 75 dollar to commenced production.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

May 10, 2018

Repayment status

On Time

Projected term

1 week

Lenders

Paul Buchheit

Mountain View, United States

Ask Solomon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Solomon    Jan 6, 2019

    I thank my lenders for their generous help

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  • Solomon    Dec 30, 2018

    I thank my lenders for assisting me with loan in the expansion of my fresh yogurt business i'm really grateful. The loan has helped me to increase my revenue sales. LONG LIVE ZIDISHA

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  • Solomon    Nov 4, 2018

    I'm grateful to my lender John Minges for his selfless help and love he have shown me. I promise to use the loan for its intended purpose. I will use the loan to acquire yoghurt starter (culture), suger, food flavour and food colour for my yoghurt production. Thank you John Minges. Long live Zidisha

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  • Solomon    Nov 2, 2018

    I'm gratefully to my lenders for providing me with help in my time of need. Your help have really push me in acquiring new market for my product ( fresh yoghurt). May the Almighty God richly bless you.

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  • Solomon    Oct 20, 2018

    I thank my lenders for the help they provided me in my time of need. I'm most grateful, may you continue to use zidisha to bring smiles to people faces. May God richly bless you especially Penn State MFI from United States and zaroastra from Portugal

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  • J    Oct 8, 2018

    Dear Solomon,

    Because it’s your first loan above 10$ you will have to pay a one time membership fee. This is deducted from your current loan. More info about this can be found on the Borrowers FAQ (www.zidisha.org/faq#borrowe...)

    You can find an overview with the calculations on your “your credit limit” page. (www.zidisha.org/current-credit). Before taking out a large loan, you must first build creditworthiness by repaying small test loans over a period of time.

    If you accept this loan then you should go to your dashboard and confirm acceptance by following the instructions on your dashboard (www.zidisha.org/borrower/da...)

    If you don’t accept this loan then please wait 3 days and it will expire automatically.

    If you already accepted the loan and this was a mistake then please cancel the loan by following the instructions on your dashboard (www.zidisha.org/borrower/da...).

    Kind regards,
    Joost
    Team Zidisha

    Ps. This is a place to communicate with lenders. If you need help from Zidisha staff about your account then you should always create a support ticket using the help menu (www.zidisha.org/borrower/help).

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  • Solomon    Oct 7, 2018

    I'm highly grateful to my lenders for the help they provided earlier. The loan was really a blessing to me May the Almighty God richly bless them. The loan was use to purchase dried freeze Thermophilic Yoghurt Culture

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  • Solomon    May 1, 2018

    I'm really grateful for my lender Andrei Cojocaru from Canada, who extended a helping hand to me when I needed it badly. May God richly bless you Andrei Cojocaru and all others who are really making difference in the world
    LONG LIVE ZIDISHA .
    I'm Solomon from Ghana

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