Loan to buy more stocks and also to establish a large shop

Adjei Prince

Berekum, Ghana

100% repaid



Adjei Prince


Berekum, Ghana

On-time repayments

14 weekly installments  •  100%

About Me

I am called Adjei Prince, 30 years of age and a graduate from Kwame Nkrumah University of Science and Technology, Ghana. My qualification is in Political Science, but i learnt Business as well at the university. I am a Ghanaian, who hails from the Brong Ahafo Region of Ghana, precisely Jinijini in the Berekum District, a strategic place for my business. I have great interest in business and as such started my business whilst i schooled especially during long vacations. I have three other siblings and i live with my mother, Georgina Adjeiwaa, a single mother. I am the first born child to my dear mum.

My Business

My business is about selling jewellery, watches, deodorants, hand bands, bracelets, necklaces , rings, hair clips and hair pins, toiletries, etc. I have advertised them in front of my house and sell them there. I also go on trek , from one town to another and from house to house as well. The business is very profitable because people always purchase different items of the same brand at a time and repeat purchasing them. The demand is high in my town because of the innumerable high school students residing there.

Loan Proposal

Hello there. It has been a trend here in Ghana that people should go to school and after graduating should search for jobs. Contrary to public opinion, i want to own and work in my own business and that is why i need the loan. Besides, there are no jobs in Ghana and even the government has adopted a policy to employ no one into its institutions this year. My business is about the sale of jewellery, necklaces, rings, deodorants, watches, etc. After each day's work i get more than $40 profit. For example, a necklace purchased at $10 could be sold at $15. Normally, i sell them in front of my house because i do not have a shop. I would like to get this loan so that i can enlarge the business and also to maximize profit by establishing a shop and stock it with more of these items at a commercial and strategic place in my town. The business is very profitable in my town because there is a high demand of these items due to the innumerable high school students that base there. There is much profit and repayment will be easy. Thank you in advance.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Jan 19, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $106.33 at 7.10% annual rate over 1 month = $1.00

Service fee: $1.00

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