Loan for rent

Abigail Gyamfi

Tema, Ghana

37% repaid

Entrepreneur

Name

Abigail Gyamfi

Member since

January 2016

On-time repayments

252 installments  •  77%

About Me

My name is Abigail Gyamfi, from the central region of Ghana, and I am a dedicated and determined young lady.

I completed senior high school, which wasn't easy financially but I was determined to be educated and, by the grace of God, I have achieved part of the educational goals that I have wanted to achieve. I also have been able to study to become a pharmacy-counter assistant.

After I completed high school, employment was a major challenge for me.
I had to write many job-application letters, and go to many interviews,
but all to no avail.

So, I challenged myself to create a job for myself. I looked around my community and realized that people depend on imported items very much, because there aren't enough industries here to meet their needs. I, therefore, took it upon myself to learn how to do mini-importation.

My Business

I have a mini-importation business. I have customers who are ready to buy anytime my products are in. Mini-importation is really a profitable business.I have a couple of items which a customer has ordered from me and this loan is going to help me a lot in importing them. I will be making a good profit and will invest the profit into the business. I also want to have my own provision store, so while doing my research and online things, I would be selling there, too, which would help me improve my finances a lot.

Loan Proposal

Hello, dear lenders.

Previously, I had a mini-importation business, but I just got a new job to work as a pharmacy-counter assistant. However, the workplace is too far from where I currently stay and, moreover, the rent for my current place is due. So, it's very logical to leave my current place and rent a new place, one which is closer to my workplace, as that would help me save lorry (truck) fare. It also would save time, as I used to be in traffic for long hours. Therefore, this time, I am coming to you to help me raise a loan to help me pay for two years' advance rent.

The lowest rent I've been able to find is GHC 120 per month. So, in total, I need GHC 2880 for the advance payment.

I would be repaying this loan from my monthly salary.
I always have been faithful to Zidisha and always would be.
Thank you, all.

Income Source

I can say that Zidisha has really been a blessing to me.

For a while, I had a mini-importation business, which I did with Zidisha's help. Then,
one of the lenders here took care of my education to become a pharmacy-counter assistant. So, I got that education, all thanks to that lender. After that, I got a job as a pharmacy-counter assistant, and that is the work I am doing now.

✎✎✎

NOTE: In Ghana, the law allows landlords to collect 6 months' rent in advance, but the reality is that many landlords insist on one year's or two years' rent, up front, even though legally they are entitled only to 6 months' rent in advance. Sadly, this just is how the rental system operates in Ghana. Most landlords in Ghana do require 1 or 2 years' rent in advance. Some landlords even require 3 years' rent in advance!*

*(Landlords can get away with that during the initial term of tenancy; however, afterwards, they are required, by law, to adhere to collecting no more than 6 months' rent in advance. You can read about that, here: https://newsghana.com.gh/facts-ghanas-rental-laws/
and here: https://blog.meqasa.com/every-tenant-know-ghana/)

✎✎✎

EDITOR'S NOTE:
For anyone who may not yet know this, please be aware that although English is
an official language in many African countries, English usually *isn't* the first language
of most people in Africa; rather, a tribal language (or two or three or more) usually is/are
the first language(s).

Show original English  

About Me

My name is Abigail Gyamfi,from the central region of Ghana.Am 22 years of age.a young,dedicated and determined lady.have completed senior high school, it wasn't easy financially but I was determined to be educated and by the grace of God have achieve part of it.looking forward to continue my education.
Since I completed school,employment has been a major challenge for me.have write many job application letters.attend uncountable interviews but to no avail.I challenge myself to create job for my self. I look around my society and relies that people value and depend on importered items very much because there is not enough industries here to meet their demand.I therefore took it upon myself to learn how to do mini importation due to my knowledge in IT,it wasn't long for me to get all the skill and tips I need to do by researching and reading a lot about it.it a grate opportunity to create employment for my self and later for others.
Finance is my biggest challenge now but I know with God and Zidisha lenders I would be able to succeed.
I live in a lovely environment with a lot of students so business here would be very good.
I like learning new things and also to improve the lives of the people around me.
Thanks to Zidisha for given such opportunity to be able to create job for myself. I believe in Zidisha lenders that they won't let me down and I promise to work hard to pay my loan.

My Business

Am into importation Business, am new to it but I can say it really a good business. Through your help i have been on this business for some time now and everything is going on well.i have customers who are ready to buy anytime my product are in.Mini importation is really a profitable business.I have some couple of items which a customer has ordered from me and this loan is going to help me alot in importing it.will be making a good profit from it and will invest the profit into the business.I also want to have my own provision store aside my importation business so while doing my research and online things I would be selling there too.that would help me improve in finance a lot.

Loan Proposal

hello dear lenders, first of all i want to thank you all for your continues support since i join zidisha. am coming to you once again to help me raise this loan to help me pay a 2 years advance house rent. i just got a new job to work as a pharmacy counter assitant but the work place is too far from where i stay currently and more over the rent of my current place is due. it very logical to rent a new place whice is more closer to my work place as it would help me save lorry fare and also time as i used to be in traffic for long hours.

per my findings, the lowest i can get is GH120 per month. so in total i need around GH2880 for the 2 years advance payment. 2 years becuase that is how the rent system works over here. The landlords do take an advance payment for some years.

Feedback

4

None

None

  • Marcus    Nov 16, 2018

    Good job Abigail! I'm happy to be the first lender of your next loan. Good luck with your business and have a nice Christmas time.
    Best regards, Marcus

    Log in to reply • Share
  • Marcus    Aug 10, 2017

    Again well done, Abigail, please keep going.
    You can be proud of yourself.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$499.94

Date disbursed

Jun 13, 2020

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Service fee: $34.06

Credit risk payment: $51.02

Lenders

Daniel

Brussels, Belgium

C

CWS

Huntington beach, ca, United States

D

Delph007

Den Haag, Netherlands

J

johan

Oslo, Norway

P

Philippe

Adliswil, Switzerland

YB Song

Seoul, Republic of Korea

AltruisticSelfishnes

Chicago, United States

S

soren

Göteborg, Sweden

M

m_dennis

Toronto, Canada

C

czeisler

Hochheim, Germany

A

anonymus

Moon, United States

T

Tallago3

Munich, Germany

T

ToddK

Indianapolis, IN, USA, United States

rodcul

Altea, Spain

P

PeaceandLove

Morro Bay, United States

Kysera

Crawfordsville, United States

M

mason243

Denver Colorado, United States

DavidRisstrom

Melbourne, Australia

Cloudways

Malta, Malta

J

jzidi

Los Angeles, United States

Namaste250

Pittsford, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

R

ram1919

San Jose, United States

E

eboleaga

Mexico City, Mexico

S

sdamani

Duluth, United States

M

mkellerman

Shanghai, China

RookCarmain

Coquille, United States

joaoferraz

RINCHOA, Portugal

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

A

AndrewC

London, United Kingdom

A

anagnan

BRUXELLES, Belgium

ibc123

Seattle, United States

J

jinx83

Brisbane, Australia

barthez

Hamm, Germany

mikeice

Kohler, United States

sderickson

Berkeley, CA, United States

M

merk85

United States

L

Leemcd

Australia

chriseyre

Fremont, Ca, United States

Grant Xavier Storer

Seattle, Wa, United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Tanya

Nelson, New Zealand

M

Marcus86257

United States

Dave Bogard

New York, United States

C

carlos

United Kingdom

Torsten Schreiber

Frankfurt, Germany

R

Robert

Berlin, Germany

RB

Renee B

United States

Jan de Wit

Utrecht, Netherlands

Jake Badger

Roskilde, Denmark

LJ

United States

Richard

Shrewsbury, United Kingdom

Daniel Hammarberg

Gothenburg, Sweden

moursund

Beaver Nation, United States

M

Marc

Newcastle upon Tyne, United Kingdom

I

Ian

United Kingdom

Marcus

Germany

Vratik Krocik

Prague, Czech Republic

Joost

Noord Brabant, Netherlands

DH

David Hopkins

United States

M

Mirko

Yugoslavia

K

Kyle

Australia

E

Ed

Colombia

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