Loan to buy milk,milo,sugar,tin tomatoes etc

Larle

Dormaa Ahenkro, Ghana

100% repaid

Entrepreneur

Name

Larle

Member since

January 2017

On-time repayments

152 installments  •  32%

About Me

Mokenyeh is a name I derived from my father who died some ten years ago. I was trained by my mother who did well to sail me through secondary Education. It occurred to me to sell various kinds of goods and out of this is what I depend solely on. I love to sell and to gain profits,it also gives me the joy when I chat with different people. It has taken me over five years now in buying and selling. My children's education is solely depended on this since that is what I only have to buy food and provide for their Education. Their mother has been helpful and the profits realized from my sales is used to restock my shop. It is my dream that this business should flourish for me to pay my wards' s school fees so that they will be good citizens for my country, Ghana.

My Business

I sell general goods like sugar,milk,cooking oil, various can drinks, satchel water and many more. These goods are very essential because they are the best for my customers, customers request for these items frequently expecially the beverages. I chose this business because I was already into it and since my parents could not afford to paying my school fees I had to struggle in my own small way fend for myself and my family. I took a loan of Ghs1000 and after I completed paying I am left with a capital of about Ghc6000. Sales has been encouraging since Dormaa is a very busy town and I think that I enjoy the way and manner business moves in town.

Loan Proposal

I will buy the following: milk,tin tomatoes,sugar,,rice,can Coca cola,baby diapers,cooking oil etc. These items are basically what is demanded most in my area. With special reference to rice,harvest of other crops like yarn, cassava,maize,plantain and other vegetable did not grow well so pressure on rice has gone so high. Details of what I will buy include the following: I will buy perfume ten bags of perfume rice $23, I will buy eight bags of sugar $13, I will buy $14 worth of tin tomatoes. I will purchase $ 15 worth of baby diapers. I will include in my shop six boxes of bathing soap $13. I will need fifteen crates of Coca Coca drinks $10. I will surely increase my profits if I should be able to buy these items

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$86.00

Date disbursed

Aug 31, 2017

Repayment status

On Time

Projected term

16 months

Lenders

Diane U

Olympia, Wa, Usa, United States

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