Loan to buy rice, bitcuit, mik, drinks to stock my shop
Enock Nyanful
Prestea, Ghana
3% repaid
Entrepreneur
Name
Enock Nyanful
Member since
June 2016
On-time repayments
173 installments • 34%
About Me
My name is Enoch Nyanful. I am a ghanaian by birth. I come from from Aiyinam a village in Prestea Huni Valley district of Ghana. i am a single young man struggling to success and help others. I believe that nothing is impossible with goalfocused and determined mind. I am pursuing social science at University of Cape Coast. But i have long convinced myself to press on to do business. A well wisher upon upon hearing my vision plan lended me some money to start. Reading and listening to motivational messages are my hobby.
My Business
I started Provision shop which I provide home needs. The most helpful thing is that I enjoy monopoly so customer have no option because the distance to other shops is far. Customers readily need and request are met. Except that because of financial benefit. The only problem now is lack of enough capital to buy all the necessary goods requested by customers. This business booms because it a basic necessity in life. Typical cost of money to slove this problem am facing is 600$. Profit are used for reinvestment and payment of loan.
Loan Proposal
My next Loan will be used to purchase more inventories to stock my shop.
5kg Rice (10)= 400$
sugar (1 bag)= 110$
assorted bitcuit= 150$
sardines= 100$
champagne= 100$
milo= 100$
bottled water= 100$
These items are in high demand during the christmas festivities:demand is high hence profit comes in cycles as i buy and resell in bulk. My profit is expected to rise and boom to an average of 100$ a day. i invest and multiply the profit again in the business. Thanks to Zidisha and lenders around the world for this opportunity.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$871.00
Date disbursed
Dec 14, 2017
Repayment status
Late
Projected term
25 months
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Ask Enock a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.
John Rawski Dec 29, 2017
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