Loan to aid me buy milk, rice, sugar, milo to stock my shop

Daniel

Enchi, Ghana

100% repaid

Entrepreneur

Name

Daniel

Member since

December 2017

On-time repayments

43 installments  •  30%

About Me

My name is Abiaw Daniel. I was born and trained in Enchi. I attended Catholic Primary and Junior High School from there went to Enchi training College. My initial plan was to go to university right away to have myself employed by the Government of the day but finance was a problem but there was this allowance paid to students who were then under training to become teachers so I took advantage of it and now I'm a teacher. Currently I teach in one of the villages near Enchi called Kramokrom. In order to make life a little better, I looked for a loan from the Ghana Commercial bank to establish a provision store. After school, I attend to my customers and that is assisting me with few house keeping money.

My Business

After training college, I taught for about five years and that qualified me to access a loan of GHS3,500. I began selling few items like milk, Milo,drinks of various kinds like Malt, Fanta, Sprite etc. I was gaining some profits so I extended my sales by building a store room. After that,I included the sale of Perfume rice,sugar and many others. This is exactly what I have added to my teaching profession to care for my family. Not withstanding, I do my job as a teacher very well. I made sure my lesson notes is well prepared, teaching learning materials are well organised. I have decided to employ a trustworthy person to man my store entirely for me whilst I visit there from time to time to take stock and check my accounts.

Loan Proposal

I wish to write to apply for a loan to buy few items to add to the stock of items in my shop. Some of these items will include:
Perfume Rice, Sugar, Milk, Nido, Baby diapers, Pens and Pencils and many others. Below shows how I will go by my purchases.

1. Eleven bags of perfume rice $16.3
2. 7 sets of baby diapers $12.2
3. Ten bags of sugar $ 15.7
4. 9 boxes of Milo $13.2
5. 10 boxes of Milk. $15.5
I will use the remaining amount to buy other items that have high demand at the market to enable me generate enough profits. I hope you will take my proposal into consider its funding.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$184.00

Date disbursed

Mar 9, 2018

Repayment status

On Time

Projected term

6 weeks

Lenders

PG

Paul Graham

United States

Paul Buchheit

Mountain View, United States

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