Loan to boost my home appliances enterprise

Linda Asaah

Prestea, Ghana

100% repaid

Entrepreneur

Name

Linda Asaah

Member since

November 2016

On-time repayments

147 installments  •  39%

About Me

Linda Asaah is my name. I live in Prestea in the Western Region of Ghana. I completed Junior High School in 2003. In that same year my father who was the bread winner passed out. My mother who is the baker struggled to for me to complete my Senior High School. I completed SHS in 2007 and passed with flying colours. Looking at the struggle we were going through I decided to pause and venture into business. With the help of my mother and distributors I opened home appliances shop which became successful because there was none in town by then. Am yet to marry. I like reading and singing.

My Business

I deal in buying and selling of home appliances, like electric irons, ceiling fans, standing fan, kettles, rice cookers, fridges, television set, wardrobes. These items are in high demand because there is none around in town. The typical cost of doing this kind of business is around 5000$ so you can get assorted home appliances. I take most of my stock on credit because of the relationship with my distributors. Average profit is between 20$-30$ daily. Profit goes into upkeep of the home since my mother is old and not working now as well as reinvestment in the business.

Loan Proposal

I will buy more home appliances for the Enterprise. I wish to place more order for flat screen television, washing machine. Electric iron, fridges, fans, cooking utensils. These items are in high demand. They will cost about $ 2500. These loan when granted will increase my profit to an average of $120.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$119.25

Date disbursed

Nov 16, 2016

Repayment status

On Time

Projected term

7 weeks

Cost to entrepreneur

Service fee: $3.04

Linda opted to pay $41.27 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

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