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
This loan will be used to purchase fans, electric iron, blenders for my shop. After disbursement of this loan i will place orders for this item since they are in demand. All the items in demand will cost me $200. I will raise an average profit of $50.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$112.00
Date disbursed
Jan 25, 2017
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
Göteborg, Sweden
Berkeley, United States
Plainsboro, United States
Germany
United States
Sweden, Greece
Germany
United States
Brazil
New York, Singapore
Switzerland
United States
New York, Ny, United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$110.58
Amount remaining
$0.00
Date repaid
Sep 2, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 7, 2017 | $3.56 | Feb 8, 2017 | $3.56 |
| Feb 14, 2017 | $1.19 | Feb 14, 2017 | $1.19 |
| Feb 21, 2017 | $1.19 | Feb 21, 2017 | $0.24 |
| Feb 21, 2017 | $0.95 | ||
| Feb 28, 2017 | $1.19 | Feb 21, 2017 | $0.24 |
| Feb 28, 2017 | $0.95 | ||
| Mar 7, 2017 | $1.19 | Feb 28, 2017 | $1.19 |
| Mar 14, 2017 | $1.19 | Feb 28, 2017 | $0.24 |
| Mar 7, 2017 | $0.95 | ||
| Mar 21, 2017 | $1.19 | Mar 7, 2017 | $1.19 |
| Mar 28, 2017 | $1.19 | Mar 7, 2017 | $0.24 |
| Apr 11, 2017 | $0.95 | ||
| Apr 4, 2017 | $1.19 | Apr 11, 2017 | $1.19 |
| Apr 11, 2017 | $1.19 | Apr 11, 2017 | $1.19 |
| Apr 18, 2017 | $1.19 | Apr 11, 2017 | $1.19 |
| Apr 25, 2017 | $1.19 | Apr 11, 2017 | $0.24 |
| Apr 19, 2017 | $0.95 | ||
| May 2, 2017 | $1.19 | Apr 19, 2017 | $1.19 |
| May 9, 2017 | $1.19 | Apr 19, 2017 | $1.19 |
| May 16, 2017 | $1.19 | Apr 19, 2017 | $0.24 |
| May 9, 2017 | $0.95 | ||
| May 23, 2017 | $1.19 | May 9, 2017 | $0.71 |
| May 16, 2017 | $0.47 | ||
| May 30, 2017 | $1.19 | May 16, 2017 | $1.19 |
| Jun 6, 2017 | $1.19 | May 16, 2017 | $1.19 |
| Jun 13, 2017 | $1.19 | May 16, 2017 | $0.24 |
| May 25, 2017 | $0.95 | ||
| Jun 20, 2017 | $1.19 | May 25, 2017 | $1.19 |
| Jun 27, 2017 | $1.19 | May 25, 2017 | $0.24 |
| May 30, 2017 | $0.95 | ||
| Jul 4, 2017 | $1.19 | May 30, 2017 | $1.19 |
| Jul 11, 2017 | $1.19 | May 30, 2017 | $1.19 |
| Jul 18, 2017 | $1.19 | May 30, 2017 | $1.19 |
| Jul 25, 2017 | $0.24 | May 30, 2017 | $0.24 |
| Aug 1, 2017 | $23.73 | Aug 1, 2017 | $23.73 |
| Aug 8, 2017 | $0.00 | ||
| Aug 15, 2017 | $0.00 | ||
| Aug 22, 2017 | $4.75 | Aug 18, 2017 | $4.75 |
| Aug 29, 2017 | $4.75 | Aug 18, 2017 | $4.75 |
| Sep 5, 2017 | $4.75 | Aug 18, 2017 | $4.75 |
| Sep 12, 2017 | $4.75 | Aug 18, 2017 | $4.75 |
| Sep 19, 2017 | $4.75 | Aug 18, 2017 | $4.75 |
| Sep 26, 2017 | $11.87 | Sep 2, 2017 | $11.87 |
| Oct 3, 2017 | $11.87 | Sep 2, 2017 | $11.87 |
| Oct 10, 2017 | $8.31 | Sep 2, 2017 | $8.31 |
Ask Linda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.