Loan to buy electric oven

Erica Gyamfuaa

Kintampo, Ghana

100% repaid

Entrepreneur

Name

Erica Gyamfuaa

Member since

July 2016

On-time repayments

87 installments  •  9%

About Me

My name is Erica Gyamfuaa.I am the only child of my parents. I started school at Our Lady of Apostles [OLA] at Kenyase in the Brong Ahafo Regoin and completed in 2006.
I was told my father rejected the pregnancy because he was then a student at the training college. My father came back to beg my mother but my grandparents denied him because of the shame he brought to the family. My mother is now old and not all that healthy, so I entered some petty trade. The people in my community are caring, supportive and friendly so Is given money by a friend to start a petty trade.I like reading when I am not doing anything. I have 2 children and they are all girls.

My Business

I started the business with three hundred and fifty dollars and this money was given to me by friends whom I entered fellowship with.
The money was given to me as a loan. I used the money to bake bread and sell them. The reasons for this business is to get money to cater for myself and my noble mom and also to provide service to the people in my community.
The good news about this business thus food items business is that it fetches a lot when mostly everybody takes it as breakfast.

Loan Proposal

with the loan from zidisha lenders if i am able to buy the electric oven worth$220. I will be able to bake and also sell more bread this will increase my revenue and also reduce the health implication in baking and i will be to make profit of $50 on this.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$60.12

Date disbursed

Aug 8, 2016

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $1.52

Erica opted to pay $6.33 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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