Loan to buy dustbins

Prince Frimpong

Odumasi, Ghana

100% repaid

Entrepreneur

Name

Prince Frimpong

Location

Odumasi, Ghana

On-time repayments

8 weekly installments  â€˘  13%

About Me

My name is Prince Frimpong and I am married with four children. I completed A level and travelled to Togo our neighbouring country in search for greener pastures but life has it's own twist and turns so I have to return home to establish own company to help my family survive as I was the only son of my parents who are all deceased. All I have got is my children so I am working to see to it that I give them a good foundation for their future. Back in school i use to play football but now i am weak.

My Business

I run my own waste system management where we collect plastics and other rubbish from companies and sell them to refinery companies for payment to be made to me. we also dispose off rubbish by institutions and homes. This job is really good and with support I would be able to expand it to other parts of the country. I make alot.of profit from the business I use the profit reinvest into the company and some for other related expenses.

Loan Proposal

I am in need of this loan to buy dustbins as some of my dustbins we use to collect refuse has broken down. One dustbin cost Ghc250 and with the loan I would be able.to secure a new one which can last to support my business. the introduction of new bins would help me to serve my clients very well and in return I would raise more profit to support my business.

Income Source

i would pay the loan from the money i get from providing services to clients on daily basis and i would also make sure i pay according to Zidiha weekly agreement.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$61.56

Date disbursed

Apr 12, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $61.56 = $2.83

Credit risk payment: $5.66

Optional expediting fee: $5.66

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