Entrepreneur
Name
Alex
Member since
March 2021
On-time repayments
2 installments • 50%
About Me
My name is Alex Arhin from the Ahafo region of Ghana and I stay at Ahafo Kenyase. My parents died when I was very young so I couldn't further my education after completing JHS which prevented my childhood dream of becoming a judge. After I completed JHS I was working with a trotro driver as his mate and I was able to save some amount of money to start my own business. I am married with three kids and they are all female, they have a dream of becoming a nurse.
My Business
I operate a pub called Arhin's Pub at Ahafo kenyase. My services is helpful because it help me get some profit to finance my children's education and also it help customers to get a resting place to relax after a stress day in order for them to release some stress since my premises is very quiet and attractive. My cost of operation is GH 5000 and my Revenue is GHS 8000.
Loan Proposal
I will buy alcoholic and non-alcoholic products with the loan. This will help me generate some profit to cater for my wife and children, it also help my customers to reduce stress since it is an entertainment avenue and also help others to socialize. This can help me increase my profit.
Income Source
Since it is an entertainment facility people come there always to have fun so I don't think I will run at loss but in case of any risk I will use profit from my barbering shop to repay the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$62.00
Date disbursed
Mar 31, 2021
Repayment status
On Time
Projected term
1 week
Other loans
Lenders
United States
United States
Sweden
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