To buy sachet water and other provisions for my shop
Boakyewaa
Kofiasua -near Dormaa Ahenkro., Ghana
100% repaid
Entrepreneur
Name
Boakyewaa
Member since
November 2016
On-time repayments
68 installments • 85%
About Me
I do my own business in a the village called Kofiasua,a small town near Dormaa Ahenkro . My father was a poor farmer whose income was to small to go into cash crops.He grows cassava, pepper,plantain and so many tins for sale in Dormaa Ahenkro market. He hired a store for me to begin business,this because he told me he will not be able to afford University Education. After Senior High School he took me to a nearby bank ( WAMFIE RURAL BANK Ltd) and took a loan worth GHS3000 and cautioned me to work hard to repay the loan. Fortunately, things went well for me to pay the loan I sell Milo, milk, Fanta, coca-cola and so many tins. I work hard to let my children go to Senior high School to become useful to society.
My Business
I sell general goods like Tin Tomatoes, sugar, soaps. Kumasi has many goods at cheaper prices to earn more profits but because the only nearest place you could get these so quickly is Berekum. I once visited a shop in Suyani that sell goods like mine. I could not believe my eyes the sort of customers who hard queued to buy things from this very shop. It motivated me to go into this venture one day and that is what I am engaged in now.I make a minimum sales of ghc300 a day. I do not have any source of income therefore it the profit I make from the sale of these items that makes me earn a living to cater for my kids.
Loan Proposal
I will buy twenty bags of sugar $41,sugar is mainly demanded.bakeries buy and villages around come to buy more of it. I will buy in addition,ten cartons of milk $28. Fifteen boxes of tin tomatoes $19, I will need eight boxes of mosquito coils $17. Mosquito coils and sprays are bought more frequently since mosquitoes breed more in my community.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$169.00
Date disbursed
May 26, 2017
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
United States
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Margaret Nov 10, 2017
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