Loan to buy equipments to expand my business

Ahmed

Techiman, Ghana

100% repaid

Entrepreneur

Name

Ahmed

Member since

May 2016

On-time repayments

224 installments  •  37%

About Me

I am the last child in a family of fifteen. My father got married to two women and in all his children I am the last one among them. I am now a graduate with a second class upper division in diploma in psychology and foundation of education. I saved my salary for two years before I was able to use that money to drill a borehole for water. People in my community are hard-working people and self reliant. I would like my children to become businessmen and businesswomen in the future. I like researching and studying when I am free.

My Business

I have a borehole for water. I have expanded it to about twenty houses in my community. I have also mounted poly tanks in front of the house where I live. I sell water to those who don't have piped bored water in their homes. As it is a saying that water is life, people in my community encounter difficulty in getting access to water. I took it upon myself to drill a borehole. It cost me about GHS15000 to drill, buy poly tanks and expand to houses in my area. I will use the profit to buy water equipment to houses that have no pipe in them.

Loan Proposal

I would use the loan to buy poly tanks and pipes to expand my water to most people in my community houses to be able to get access to water very easily. The cost of the above mentioned items is $1000.when the expansion of the water is successful ,my community members will get easier assess to drinking water.I hope to get a profit of 5% increased in my daily income.

Show original English  

About Me

Am the last child in a family of fifteen.My father got married to two women and in all his children am the last one among.Am now a graduate with second class upper division in diploma in psychology and foundation of education. I saved my salary for two years before I was able to use that money to drill a bore hole water.People in my community hard working people and self reliant. I would like my children to become business men and women in future. I like researching and studying when am free.

My Business

I have a bore hole water . I have expanded it to about twenty houses in my community. I have also mounted a poly tanks in front of the house where I live. I sell to those who don't have pipe bored water in their homes. As it is a saying that water is life , people in my community encounters difficulty in getting access to water so I took it upon myself to drill one. It cost me about GHS15000 to drill,buy poly tanks and expansion to houses in my area. I will use the profit to buy water equipment to houses that have no pipe in them.

Loan Proposal

I would use the loan to buy poly tanks and pipes to expand my water to most people in my community houses to be able to get access to water very easily. The cost of the above mentioned items is $1000.when the expansion of the water is successful ,my community members will get easier assess to drinking water.I hope to get a profit of 5% increased in my daily income.

Feedback

2

None

None

  • Mary    Nov 8, 2017

    Although not a perfect repayment schedule, Ahmed did made regular payments and paid his loan off early. I would recommend funding future loans for him as providing water for his community is very important work.

    Log in to reply • Share
  • BernadetteV    Nov 8, 2017

    Regular repayments then loan repaid early.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

May 18, 2016

Repayment status

On Time

Projected term

4 months

Lenders

The Zinc Team

San Francisco, United States

Ask Ahmed a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...