Loan to buy more building materials to sell

James

Nobekaw, Ghana

100% repaid

Entrepreneur

Name

James

Member since

February 2016

On-time repayments

85 installments  •  86%

About Me

James Acheampong Yaw is my name. I am a Ghanaian by birth. I current stay at Nobekaw. Though one could say my children are many, I never regretted having giving birth to such children. Two years after our marriage, my wife was not giving birth. I tried and almost gave hope. So who am I to stop the babies from comming into my life finally.
Together with my large family, we live in a compound house. all my children are in school now. They all depends on my business for survival. Not to mention, my aged parents as well. Lfe in Ghana is very good since Democracy and the rule of law is working here. Indeed Ghana is a peaceful country in the whole africa.

My Business

I inherited this business from my father. More or less, this is a family business. Since I am the first son, my father handed over to me which I have managed for the past fifteen years. I sell basic building materials such as cements, iron rods, wood, plywood, and several others. I am also into provisionsbusiness and the selling of soft drinks which is been managed by my junior brother. I have my own taxi which also help support my family financially. My shop is the only store in Nobekaw township that sell these mentioned items. To build a house in Nobekaw simple means, one needs to come to my shop. The profit i get everyday is something to write home about. My whole family depends soely on this business so I never joke with it. I need to buy more cements and iron rods to sell. This can definately increase my profit positively.

Loan Proposal

With this loan, I will increase the sales of basic building materials which I sell in my shop. Materials such as cement, iron rods, nails etc are of very high demand in my community. Increasing the amount invested in selling this items will definately increase my income and profit as well by which repayment of this loan will be simple, on time and regular. Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$197.00

Date disbursed

Jul 27, 2016

Repayment status

On Time

Projected term

3 months

Lenders

Zidisha

Sterling, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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