Loan to buy rice, bitcuit, mik, drinks to stock my shop

Enock

Prestea, Ghana

3% repaid

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Entrepreneur

Name

Enock

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

1

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  • JR

    John Rawski    Dec 29, 2017

    Season's Greetings. Congratulations on keeping your business up & running. Your social science program at University of Cape Coast should also help. John

    Log in to reply • Share


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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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Jun 2016:  $200

Dec 2016:  $379

May 2017:  $563

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Ask Enock a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Enock    Jan 23, 2018

    Allow me reduce it so I can resume payment. Had a small problem from road construction. My store was closed down.

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  • Enock    Dec 24, 2017

    $870.23 received. So thankful. I bought lot to provision to stock my shop. God bless you for the loan. It really changing my life.

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  • Enock    Dec 8, 2017

    The loan will go into purchase of Milo, sugar, biscuit for my provision shop as we approach the Christmas festivities. I can provide all the demands of my customers, hence i will be able to maintain all of them. God will bless and keep you all my Lenders and Zidisha organisation. you rare awesome. you are bringing out the entrepreneurship potential in me. THANK YOU.

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  • Enock    Dec 7, 2017

    The load fund was used to stock my provision shop. the stock help me to provide customers demand 100%. I acknowledge the help from Zidisha and all lenders you have been of tremendous help to me. God bless may you never lack.

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  • Enock    Nov 24, 2017

    Am very happy to all my lenders for their kindness and giving for my business. God bless for giving me hope. i have paid fully now and hope that my next loan will be funded fast since the christmas is approaching. i want to maintain my customers by getting them their demands all the time.

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  • Enock    Nov 23, 2017

    I purchased goods biscuits, milk, drinks and retail. Basically buying and selling. Am making good profit because my distributor give me more goods on credit as well. More income is flowing. Which I used in reinvestment to avoid hire purchase in the future for my shop.

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  • Enock    Nov 9, 2017

    I have to meet Christmas demand by customers. I have to plan and get my store well stocked with items like milk, rice, oil, biscuit, sardine, bread, nido, sugar , soft drinks. Last month I got higher profit from sales so I want to increase repayment amount.

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  • Enock    Nov 9, 2017

    Zidisha and my lenders am very proud of you. You r the reason I survive in this world of scarcity. Am picking up gradually and will never default my repayment. Thanks for the trust all the time.

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  • Enock    Oct 24, 2017

    I purchased the following item to stock my shop.
    Rice 200$
    Biscuit 20$
    Milk 120$
    Sugar 100$
    Milk powder 35$
    Others 100$
    I was able to mean demand by customers. Profit grew averagely by 20% which I use for reinvestment.

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  • Enock    Oct 6, 2017

    Business has gone down small hence I wish to reduce and repay. Hope to increase as soon as possible

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  • Enock    Sep 23, 2017

    Business here is good hence I should speed up asap

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  • Charles    Aug 20, 2017

    I have contacted him and he is going to pay today. Thanks

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  • Enock    Jun 16, 2017

    Changing the repayment rate because school have vacated and sakes has gone down. There is the need to repay anyway hence changing the repayment according to the income accrued.

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  • Enock    May 19, 2017

    This lon will be used to stock my provision shop. This will help meet demand of customers. God richly bless you all my lenders for your kindness. Thank you Zidisha for this innovative platform

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  • Enock    May 7, 2017

    My previous loan really made a big difference in my life. How can even thank my lender and my proud facilitators Zidisha team. My profit being increased 5%. This increased profit was used stock my stote. I do go to work on holidays as well to take advancmtage of the empty markt.

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  • Enock    Apr 8, 2017

    I want to pay more because business sales was good this week.

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  • Enock    Feb 13, 2017

    I have purchased drinks and biscuit for stocking my shop. And now I can serve the demand of my customers. Hence my profit have doubled. My family is happy because they can get whatever they need. Am so thankful for your support.

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  • Enock    Jan 22, 2017

    I want to pay less so that I will be consistent in my repayment

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  • Enock    Jan 10, 2017

    I acknowledge receipt of $378.83 from Zidisha lenders. Going to boost my shop and my income will increase. God richly bless u for the loan.

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  • Enock    Dec 26, 2016

    Biscuit $150 and drinks worth of $200. This will increase my profit to from $20 to $ 30 . big thanks to all my great lenders. May God richly bless you.

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