Loan to buy spare parts for my motorbike business
Lawrence
Sefwi Anwiaso, Ghana
7% repaid
Entrepreneur
Name
Lawrence
Member since
November 2016
On-time repayments
197 installments • 43%
About Me
Dear lenders, life people say is hard. It calls for determination and perseverance in order to succeed. At a very tender age, i went through some painful experience after my able parents passed on. I had no one to turned to in case of need and difficulties.I do not have anyone to call parents except God, my creator. I stood firm without allowing those hardships to have negative impacts on my life. All my siblings looked upon me for survival at all the time. I therefore pledged to work had so that one day , I could take care of my self and my siblings. In the course of those struggle, I met zidisha as a Savior.
My Business
I first entered into this business of ironing for money when I was in a basic school. Initially, I used to do that at my own ampple or leisure time when i am less busy. When the situation changed for the worse after the death of my parents, I had no option than tp do it on large scale. Dear lenders, now I am into motorbike business. I use the motorbike to convey or carry people and collect money. That business, in fact, is good and very helpful to me. I get money daily. I started that business with my second loan and I intend to use this my third loan to continue that business. I am expecting my profit to be increased by 15% of my existing capital.
Loan Proposal
My dear lenders, before i commence writing of my loan proposal, i would like to take this opportunity to humbly express my appreciations for the tremendous help you have giving to me since joining zidisha. life is in deed, better now and keeps on improving each working day. Thanks to all my lenders and the hardworking zidisha team. Dear lenders, let me take few minutes to let you know what i have been able to do with the help of zidisha. Firstly, i have put one of my younger brothers into learning of carpentry as a vacation and secondly, i have sent the only female among us to start secondary education and finally, i have also made some little savings towards my future.My lenders, i have come to you again to solicit your assistance for the forth consecutive time.My motorbike taxi business is still in existence and doing well. I want to expand it and run it to become more effective and efficient.To make it efficient and effective involves continuous replacing the old parts with new ones.
Therefore, when i get this loan with your kind assistance lenders, it will be used to purchase the following spare parts
Brake pedal and eshaust is $100
Helmet is $50
Head light is $50
One tyre is $70
seat or carrier is $50
13 spanner, 16 spanner and 19 spanner is $80
lubricants and petrol is $ 150
other unforseen expenses $20.
My dear lenders, i humbly look forward for my loan to be funded and i promise to pay back the loan on time. Thank you and God grants you long life.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$693.00
Date disbursed
Sep 25, 2017
Repayment status
Late
Projected term
38 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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