Loan to buy additional stock for my provisions shop

Angelina Akowuah

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Angelina Akowuah

Location

Kumasi, Ghana

On-time repayments

14 weekly installments  •  71%

About Me

Am Angelina a 43 year old woman with four kids. I have been running this shop for the past 5 years. A very hard worker with the aim of letting my children attain higher education.

My Business

My business is a retail shop inwhich I sell all kinds of provisions. The demand for the items in the shop is very high so profitability is also high. My profit has been adding about 40% to my capital every quarter of the year.

Loan Proposal

loan for additional stock. I will use this loan to buy additional stock of goods into my shop. this is to maximise profit and also increase customer satisfaction.

Income Source

indeed many business are facing risk but as an entrepreneur such situations will be very useful in gaining profit. I will be using the profit made to repay the loan and if it gets to a point that the profit is not enough to repay, I will use my savings to support it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.32

Date disbursed

May 28, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.82

Credit risk payment: $3.76

Lenders

RT

Ravi Taxali

Markham, Canada

Jessica

WA, Australia

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