Loan to buy food items for my banku and akple business
Gyanyoko
Accra, Ghana
26% repaid
Entrepreneur
Name
Gyanyoko
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$83.00
Date disbursed
Mar 30, 2021
Repayment status
Late
Projected term
6 weeks
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