Loan to buy food items for my banku and akple business

Gyanyoko Aku

Accra, Ghana

26% repaid

Entrepreneur

Name

Gyanyoko Aku

Member since

March 2021

On-time repayments

7 installments  •  57%

About Me

Aku Gyanyoko is my name. I am a JHS graduate who couldn't further her education due to my poor background which prevented me from my dream of becoming a teacher. I am married with two children, I started my business by borrowing money from my husband to cook food and sell. All my children want to be teachers when they grow up.

My Business

I sell banku and akple at where I stay and it is useful because it helps me generate income to support my family and also help my neighbors to get something to eat. my cost of operation is GHS 500 and my revenue is GHs 800, I use my profit for reinvestment and home improvement.

Loan Proposal

I will use the loan to buy maize and vegetables for my banku and akple business. This will help my business to expand in order to increase my profit and also help my customers to get food to buy anytime they come to my place.

Income Source

In my neighborhood I am the only person who prepares banku and akple so everybody buys from my end, due to that I am not likely to run at a lost but when I face any risk I will use profit from my mobile money business to repay.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$83.69

Date disbursed

Mar 30, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $2.91

Credit risk payment: $7.72

Optional expediting fee: $5.95

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