Loan for electrical cables, multi-sockets & other equipment for my shop
Eric
Chiraa, Ghana
3% repaid
Entrepreneur
Name
Eric
Member since
February 2016
On-time repayments
62 installments • 79%
About Me
I am Eric Awuah from a town called Chiraa in the brong ahafo region.i am 38 years of age.my parents are mr samuel okra and Madam sara minka.my father died when i was young 7 years so my grandparents took care of me .I started my basic school in Biadan methodist .i furthered my education to the senior high school in berekum secondary school.i got an admission into the university of Ghana but because my grandparents can't afford the fees i was not able to go.so i went to a man who repairs electrical appliances to help me lean to repair it.so the man accepted me to work wit him.i leaned the work for about five years and became qualified to open my own shop.the food i like best is banku and ampesi.the game i like best is hockey and basket ball.I am kind and also humble.I love every body .
My Business
The name of my business is onyame adom electrical shop.i started this business some years ago with a capital of $200 .i started by repairing faulty electrical appliances like television,radio,electrical iron.standing fan and fridges etc.as time goes on i was able to raised my capital to $500 when working for 3 years in this .so i have started selling brand new electrical appliances alongside repairing faulty ones from peoples who have faults in their old electronic appliances which i charged them to pay some amount of money.so i used this money i raised to purchase some new electronics for my shop which i sold to others.i also have four people whom i training them how to repair faulty electrical appliances.now i need to expand my business so that i can look after my little brothers in school.
Loan Proposal
Thank you my lenders for how far you have brought me .May the almighty God bless you all.I need a second loan to he.My dear lenders i need a loan amount of GHS1626.00 to purchase this items into my shop.i will purchase electrical cables,multi sockets,extension boards which will cost GHS500.00,i will also purchase rice cooker,standing fan,and electrical iron which will also cost me GHS500.00,i will used the rest of the amount of GHS 625.00 to purchase lamp holders and electrical bulbs.When i get this items into my shop i will manage to get $90.00 every week.Thank you
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Loan Info
Project Type
Classic Loan
Disbursed amount
$442.00
Date disbursed
Nov 25, 2016
Repayment status
Late
Projected term
61 months
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