Loan to buy more products to sell at my store

Obeng

Berekum, Ghana

100% repaid

Entrepreneur

Name

Obeng

Member since

July 2017

On-time repayments

75 installments  •  43%

About Me

My name is Obeng Kwasi. I come from Berekum in the Brong Ahafo region. Am twenty -four years old. I have completed senior high school. I'm in a family of five:my parents, two brothers and I.
The game I like best is tennis ball. This is because, it gives me energy. The food I like best is rice ball and groundnut soup.
I am now a storekeeper in my area. I have worked on it for two years now.

My Business

After I completed Junior High School, money to be used to continue secondary school was problem for my parents. Because of that I was advice to learn a dress making. There was no option for me than to enter into it.
God been so good,within two years,I qualified and now am a tailor with five people who are also learning the dress making.
Initially, getting a machine to start my own business was a problem until my church elders bought me one.
How to get some customers was also a very big challenge. The church also made so many announcement for me through the use of their information system.
Now,I can boost of two hundred customers who are patronizing my service. At the end of a day,I am able to save around $40. I also use some to cater for my family.

Loan Proposal

I thank all my lenders for supporting during my first loan. I was able to get a total profit $103 after the greater part of my sales.
Business is good and very lucrative in my area because of that I want to expand my business in order to grab more profit in my business.
If am able to get this amount, I will be in a good stand to buy these items:twenty pair of shoes ($120),forty T-shirts ($100),twenty boxes of biscuit ($50),four packet of Milo($30),thirty boxes of toffees ($35) and many more to feed my store.
HOW TO REPAY THE LOAN.
I get high profit from my sales. I will used some of that amount to repay the amount due me every week.
Thank you for supporting me.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$240.00

Date disbursed

Sep 1, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

Paul Buchheit

Mountain View, United States

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