Loan to build another factory

Elvis Opoku

Techiman, Ghana

6% repaid

Entrepreneur

Name

Elvis Opoku

Member since

June 2016

On-time repayments

51 installments  •  73%

About Me

I am elvis opoku, Ghanaian citizen by birth, the sixth born in a family of 13. I am 33 years of age, married and blessed with a baby boy Samuel. I settled in Mombasa after my studies and started a computer business.

I am a pastor of Shalom Baptist Church inTechiman. I love reading the bible, singing and travelling for mission work of reaching the unreached with the gospel of Jesus Christ.

The kindergarten I run at the church is a charity work, as all the children here are orphans and so they could not afford education in public private academies. I took it on myself without any sponsor to provide the kids with a uniform, breakfast and lunch, stationary and paying the tutors who spend with them the entire day at the church.

I want to build them classrooms, as they are still using the church hall as their class. I would also like to have chairs specifically made for them, as now they use church seats which are quite big for their size.

Currently I provide them with one pair of uniform, but I want to provide them with at least two so that in a week they can change it and it will last longer. I also plan to provide them with shoes, as most of them come to school barefooted.
God willing, I also want to build them a house and hire mummies that will take care of them, provide medication and good food.

My Business

I run a computer shop, dealing in computer sales and services, software installation, photocopying, binding and lamination, passport photo service, project typing and research, repairing electrical wire etc.

I have started a school at the church which deals with orphans. I would like to expand the school so that the public can join and the fees they pay could sustain the orphans.

My computer shop on a monthly basis gives me not less than USD $500, so I make around USD $200 profit per month. The location of my business is strategic, as I am just opposite a primary school where they give me most of their work to do. My shop is also at the terminus of commuter buses from town, so all the people alight there and board their buses from this stage.

Loan Proposal

i think i own my lenders alot of thanks, i don't know what to say. but all that i will say is GOD bless you all. with this my second loan i will buy materials which will facilitate the growth of my business. am also planning to employ some people to work, with this loan i can pay them well. thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$302.98

Date disbursed

Oct 11, 2016

Repayment status

Late

Projected term

60 months

Cost to entrepreneur

Service fee: $7.47

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