Loan to buy six boxes of alcoholic drinks to sell

Richmond

Kwashieman, Accra, Ghana

100% repaid

Follow Richmond How it Works

Entrepreneur

Name

Richmond

Member since

December 2016

On-time repayments

70 installments  •  93%

About Me

My name is Richmond Kojo Owusu born to Mr and Mrs Owusu from asante region.
I am a past student of
Kaneshie secondary technical senior high school.
I have a bar which I run myself, it will filled with hard liquor and other alcoholic drinks.
I love to cook, because I love food so much.

My Business

I run a bar which I sell hard liquor and other alcoholic drinks such as beer, Guinness, orijin and champagne.
I choose this kind of business because that is where my interest is and I love the work I do.
The cost of item in my bar cost $1000, revenue quiet significant and depends on the occasion. Mostly on holidays lot of people come to my bar and can make $100
per week
Investment is mainly through saving to expand my bar when necessary.

Loan Proposal

Six boxes of alcoholic drinks to sell in my shop. The six boxes of acoholic drinks cost $172.00
This is a normal inventory i do make for my shop, looking at the buying rate these days , i am expecting high patronage of beer and i would not like people to come to my shop and there will be no beer to sell. The most reason why i need this loan to buy six boxes to raising my profit and also to provide the supply to costumers demand.
If i am give this loan, i will be very happy because ithe wiLloyd be used to take stock of six boxes of beer, i will also increase my profit from 30% to 50% since demand for beer is very high at the momemt and will have enough income to save and also to take care of the educational needs of my little brother in school.
I humbly call on lenders, to assist me with this loan. Thank you.

Feedback

1

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Loan Info

Project Type

Classic Loan

Disbursed amount

$172.00

Date disbursed

Jun 3, 2018

Repayment status

On Time

Projected term

2 months

Other loans

Dec 2016:  $8

Mar 2017:  $12

Apr 2017:  $19

Jul 2017:  $29

Sep 2017:  $42

Oct 2017:  $86

Mar 2018:  $112

Jun 2018:  $261

Jul 2018:  $311

Lenders

CN

Craig Newmark

United States

S

Stephan

Switzerland

Ask Richmond 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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  • Eva    Sep 23, 2018

    Hello lenders, the last time i spoke to Richard, he promised to pay all past dues.
    I do not know why he has not paid.
    Thank you.

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  • Eva    Aug 9, 2018

    Hello lenders, Richmond has promised to make his payment due as soon as possible.

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  • Richmond    Jul 30, 2018

    Dear lenders, I have really sick for the past week, that is the reason why I was unable to make payment.
    Payments will be made very soon.
    Thank you for your assistance.

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  • Richmond    Jul 20, 2018

    Amount received is GHS 1056, this loan will be used to buy twenty boxes of alcoholic drinks to sell.
    Thank you lenders!

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  • Richmond    Jul 20, 2018

    Amount received ghc 1059.
    Will buy twenty boxes of alcoholic drinks, I am very grateful to all who contributed to this loan.

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  • Richmond    Jul 17, 2018

    Thank you lender for loan has increase ny capital base.

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  • Richmond    Jul 16, 2018

    Business went very well, I was able to meet the demand of costumers and this has earned my the expected profit.
    My lenders made my reality of 50% increased in my profit after sales came with the loan they gave me, I am very grateful.

    I will like to inform lenders, that my loan has been paid back.
    Thank you.

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  • Richmond    Jul 10, 2018

    I have excellent sales last week due to a party next to my shop. Sold ten boxes of alcoholic drinks and this has really contributed to my excellent repayment.

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  • Richmond    Jul 6, 2018

    Hello lenders, I will to apologise to you for delay in my payment. This was due to circumstances beyond me.
    I will like to inform you that I have successfully paid the arrears of which I delayed today.
    I promise this won't happen again as time goes on.
    Thank you for understanding my situation.

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  • Eva    Jul 5, 2018

    Hello, I have called Richmond on phone, he has promised to make his past payment asap. He explained it was due to circumstances beyond his control.

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  • Richmond    Jun 20, 2018

    I successfully bought ten boxes of alcoholic drinks and all is set for business.
    I very grateful to Craig!

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  • Richmond    Jun 15, 2018

    Dear Craig, I am very thankful to you for lending me this money.
    I will use the money to buy ten boxes of alcoholic drinks to sell in my shop. I received GHS 993.00.

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  • Richmond    Jun 13, 2018

    Thank you Craig for funding my loan.
    This loan will be used to buy ten boxes of alcoholic drinks to sell.

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  • Richmond    Jun 13, 2018

    Hello lenders, as i have already posted before this post, i have very much benefited from my last loan. I was also lucky to have some massive party went on in my neighborhood and this has helped to sell fast the six boxes of alcoholic drinks i bought with the loan.

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  • Richmond    Jun 12, 2018

    My dear lenders, there was this massive party in my neighbourhood where my shop is located and this resulted in high sales of alcoholic drinks, as such my profit has increased and I am even out of stock.
    I will like to make increase repayment of my loan in order to offset my loan to come in for more loan to take stock because I leant there will another massive party which is going to take place and I have to stock my shop with varieties of alcoholic drinks to sell.

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  • Richmond    Jun 10, 2018

    I will like to reduce my payment for now to be comfortable with running of the operation at the shop because I recently bought alcoholic drinks with the loan .

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  • Richmond    Jun 4, 2018

    Hello lenders, very happy to received my loan of GHS 577 which will be used to buy six boxes of alcoholic drinks to sell.
    Thank you lenders.

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  • Richmond    May 26, 2018

    Thanks Stephen and Craig this loan will be used to buy six boxes of alcoholic drinks to sell.

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  • Richmond    May 23, 2018

    Dear lenders, I humbly call on you to fund my loan to help me buy six boxes of alcoholic drinks to sell in my shop.
    God Bless you all!

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  • Richmond    May 20, 2018

    I humbly call on generous lenders to assist to raise funds for my loan to buy six boxes of alcoholic drinks to sell for profit.
    Thank you all.

    Log in to reply • Share


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