Loan to buy food items for my business

Racheal Wermader

Kumawu, Ghana

Funds disbursed

$0 to go

100% funded of $20 goal


days left



Racheal Wermader

Member since

March 2021

On-time repayments

2 installments  •  50%

About Me

I am Wermader Racheal from Ghana in West Africa. Am a christian, married with children and my kids want to become lawyers in future. My dream of becoming a teacher didn't come through because I could't continue my education after SHS. I started my business by borrowing from my father and I have repaid his money in full.

My Business

I operate a fast food joint called Rahis fast food at where I stay and I sell food like fried rice, jollof, chicken etc at the lorry terminal. It help me get some money to sponsor my relatives and also add to my capital to make it increase. I entered into this business because the sale of food is very lucrative. I incur an expenses of GHS 3500 and an estimated revenue of GHS 5500

Loan Proposal

I run fast food joint business where i sell rice and other foods there and i need this loan to add to my capital to run my business. This loan will help me to buy additional food items for the preparation of my fast food.

Income Source

fast food business is one of the moving business in Ghana and with my kind of serve a lot of people buy my food for that matter i can make payment. But incase of any risk i will pay back the loan from the profit i make from my other business.






Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

May 1, 2021

Repayment status


Projected term

1 week

Cost to entrepreneur

Service fee: $0.63

Credit risk payment: $1.77

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