Loan to boost my business

Eric

Chiraa, Ghana

100% 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

.My dear lenders i need a loan amount of $200.00 to purchase this items into my shop.i will purchase electrical cables,multi sockets,extension boards which will cost $65,i will also purchase rice cooker,standing fan,and electrical iron which will also cost me $80,i will used the rest of the amount of $55 to purchase lamp holders and electrical bulbs.When i get this items into my shop i will manage to get $90.00 every week.It is my dream to look after the needy in my community ,now i have one girl whom i am paying her school fees together with my younger brother. I want to raise enough profit every week so that i can help the needy in my society.My dear lenders i promise to repay back my loan on time,so please help me.Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Mar 3, 2016

Repayment status

On Time

Projected term

14 months

Other loans

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$210.11

Amount remaining

$0.00

Date repaid

Nov 15, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 13, 2016 $0.26 Mar 22, 2016 $0.26
Mar 20, 2016 $0.00
Mar 27, 2016 $0.26 Mar 23, 2016 $0.26
Apr 3, 2016 $0.26 Mar 23, 2016 $0.26
Apr 10, 2016 $0.26 Mar 23, 2016 $0.26
Apr 17, 2016 $0.26 Mar 23, 2016 $0.26
Apr 24, 2016 $0.26 Mar 23, 2016 $0.26
May 1, 2016 $0.26 Mar 23, 2016 $0.26
May 8, 2016 $0.26 Mar 23, 2016 $0.26
May 15, 2016 $0.26 Mar 23, 2016 $0.26
May 22, 2016 $0.26 Mar 23, 2016 $0.26
May 29, 2016 $0.26 Apr 18, 2016 $0.26
Jun 5, 2016 $0.26 Apr 18, 2016 $0.26
Jun 12, 2016 $0.26 Apr 18, 2016 $0.26
Jun 19, 2016 $0.26 Apr 18, 2016 $0.26
Jun 26, 2016 $0.26 Apr 18, 2016 $0.26
Jul 3, 2016 $0.26 Apr 18, 2016 $0.26
Jul 10, 2016 $0.26 Apr 18, 2016 $0.26
Jul 17, 2016 $0.26 Apr 18, 2016 $0.26
Jul 24, 2016 $0.26 Apr 18, 2016 $0.26
Jul 31, 2016 $0.26 Apr 18, 2016 $0.26
Aug 7, 2016 $0.26 May 2, 2016 $0.26
Aug 14, 2016 $0.26 May 2, 2016 $0.26
Aug 21, 2016 $0.26 May 2, 2016 $0.26
Aug 28, 2016 $0.26 May 2, 2016 $0.26
Sep 4, 2016 $0.26 May 2, 2016 $0.26
Sep 11, 2016 $0.26 May 2, 2016 $0.26
Sep 18, 2016 $0.26 May 2, 2016 $0.26
Sep 25, 2016 $0.26 May 2, 2016 $0.26
Oct 2, 2016 $0.26 May 2, 2016 $0.26
Oct 9, 2016 $0.26 May 2, 2016 $0.26
Oct 16, 2016 $0.26 Oct 9, 2016 $0.26
Oct 23, 2016 $0.26 Oct 9, 2016 $0.26
Oct 30, 2016 $0.26 Oct 9, 2016 $0.26
Nov 6, 2016 $0.26 Oct 9, 2016 $0.26
Nov 13, 2016 $0.26 Oct 9, 2016 $0.26
Nov 20, 2016 $0.26 Oct 9, 2016 $0.26
Nov 27, 2016 $0.26 Oct 9, 2016 $0.26
Dec 4, 2016 $0.26 Oct 9, 2016 $0.26
Dec 11, 2016 $0.26 Oct 9, 2016 $0.26
Dec 18, 2016 $0.26 Oct 9, 2016 $0.26
Dec 25, 2016 $0.26 Oct 25, 2016 $0.26
Jan 1, 2017 $0.26 Oct 25, 2016 $0.26
Jan 8, 2017 $0.26 Oct 25, 2016 $0.26
Jan 15, 2017 $0.26 Oct 25, 2016 $0.26
Jan 22, 2017 $0.26 Oct 25, 2016 $0.26
Jan 29, 2017 $0.26 Oct 25, 2016 $0.26
Feb 5, 2017 $0.26 Oct 25, 2016 $0.26
Feb 12, 2017 $0.26 Oct 25, 2016 $0.26
Feb 19, 2017 $0.26 Oct 25, 2016 $0.26
Feb 26, 2017 $0.26 Oct 25, 2016 $0.26
Mar 5, 2017 $0.26 Oct 25, 2016 $0.26
Mar 12, 2017 $0.26 Oct 25, 2016 $0.26
Mar 19, 2017 $0.26 Oct 25, 2016 $0.26
Mar 26, 2017 $0.26 Oct 25, 2016 $0.26
Apr 2, 2017 $0.26 Oct 25, 2016 $0.26
Apr 9, 2017 $0.26 Oct 25, 2016 $0.26
Apr 16, 2017 $0.26 Oct 25, 2016 $0.26
Apr 23, 2017 $0.26 Oct 25, 2016 $0.26
Apr 30, 2017 $0.26 Oct 25, 2016 $0.26
May 7, 2017 $0.26 Oct 25, 2016 $0.26
May 14, 2017 $65.58 Oct 31, 2016 $65.58
May 21, 2017 $128.80 Nov 8, 2016 $65.58
Nov 15, 2016 $63.22

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