Loan to boost my home appliances enterprise
Linda
Prestea, Ghana
100% repaid
Entrepreneur
Name
Linda
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$119.00
Date disbursed
Nov 16, 2016
Repayment status
On Time
Projected term
7 weeks
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