Loan investment into cereal milling machines

Nuru Iddris

Ejura, Ghana

90% repaid

Entrepreneur

Name

Nuru Iddris

Member since

January 2015

On-time repayments

21 installments  •  81%

About Me

I am born into a community where education holds less important esteem but I struggle to further it to the secondary level with support from corn mill services I offer after school hours.
I have now graduated and now having full time corn milling services in a shop I manage to put up and also i repair and service these machines of which i am now thinking of adding the sale of its spare parts to my scope to fully control this business operation in my area.
I have now a new apprentice who helps in serving customers .
I want to use this work to change my family's destiny by guaranteeing higher education hence changing the trend in my community.
I hoped for opportunities to extend my work's scope and finally I seem to seeing it happen too soon with ZIDISHA.

My Business

I offer the best milling services to my customers making my shop a regular and unique in the community shop.
Operating a corn mill shop is a business on high demand as most of Ghanaian staples are made from cereals which must be milled for their various uses;thus giving the specifications of customers put you ahead of other competitors.
I need a capital that will put me into selling of corn mill spare parts as well.
selling of spare parts will make my place the only place in the whole district as all who do this business have to go to Kumasi before getting a replacement of their broken parts.
Any profit i intend to reinvest into the business and also establish a training centre where i will train apprentices on serviceing the machines as well.
Thank you to everyone who will help this dream a reality.

Loan Proposal

A stock of spare part as new blades, fan belts and the many little parts that wears out frequently will be the first thing to invest any capital on ; this will enable me to serve almost all-round purpose for my milling business , thus it will raise my profit margin by almost 50% as it will enable me to serve more clients .
My great appreciation to you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.50

Date disbursed

Sep 1, 2015

Repayment status

Late

Projected term

8 weeks

Cost to entrepreneur

Service fee: $2.41

Lenders

JA

Jared Anthony

CT, United States

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