Loan to buy study table & chairs to sell

Richard Aduonu

Gomoa Pomadze, Ghana

100% repaid

Entrepreneur

Name

Richard Aduonu

Location

Gomoa Pomadze, Ghana

On-time repayments

11 weekly installments  •  64%

About Me

My name is Richard Aduonu, I come from Agona Abodom. I attended basis school at Assin Amoabin DC primary school and completed on the year 2006. afterward i furthur my education to senior high school and completed on the year 2009. When i completed i decided to start doing business small because i had no support to go to senior high school, so i started selling radios, torchlight, batteries, polish and many more. Through that i was able to raise shop from it and has been making money from it through saving some portion of the profit. Moreover where i stay there is a festival called Gomoa two weeks. This is normally celebrated two weeks after christmas, during that period many people from different places come there to watch and entertain themself. I will like to make some of my children to do business , some doctors,lawyers etc. I will like to end here with my letter.

My Business

I will like to discribe the business i do and how i will repay the loan. First of all i sell things like radios, standing fans, cylinder irons, extension boards and many more. so i will use the income i get or the profit to pay back the loan. The goods are sell are useful because it is something everybody need especially the students and the lecturers. My capital is about twelve thousand Ghana cedis. I use some part of the profit to invest in the business and feed on some and also use some to pay my house rent and my bills as well. I will like to end here with my letter and i hope my loan will be granted quickly. THANK YOU.

Project Proposal

My name is Richard Aduonu. I am a business man who sell things like electrical appliances. I will like to use this opportunity to discribe to lenders how am going to use the loan. First of all I will like to use the loan to buy Study table and sell at the shop. Secondly I will use the rest of the money to buy chair. I am adding this to my business because my shop is near the university and this is one of the things they have been asking for. I will like to end my loan proposal here. Thank you.

Feedback

None

None

None

Project Info

Project Type

Pay It Forward

Disbursed amount

$147.30

Date disbursed

Jul 18, 2021

Cost to entrepreneur

Service fee: 5% of $147.30 = $6.99

Backers

Stephen Baffoe

Kumasi, Ghana

Pilira Kalonga

Lusaka, Zambia

Mildred Mukombwe

Lusaka, Zambia

Otoo Janet

Kasoa, Ghana

J

James

Ireland

Nutifafa Agbo

Osino, Ghana

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  • Richard Aduonu    Aug 17, 2021

    I want to thank you all for funding my loan for me, I have received the loan in full and also I have purchase the goods I promised to buy .

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  • Richard Aduonu    Aug 16, 2021

    I will like to use this opportunity to thank you all for funding my loan, this loan will help me to expand my business. Thank you once again

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  • Asante Kofi Frank    Aug 16, 2021

    Good luck Richard.

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  • Okwan Felicity    Aug 14, 2021

    Continue the good work bro

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  • Christian Golo    Aug 12, 2021

    Richard,

    Continue to be faithful, be honest, be trustworthy and be a person with integrity, for there is much more potential in your area of business.
    I wish you good luck, and God bless you.

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  • Richard Aduonu    Aug 6, 2021

    I will like to let my Lenders know that they are helping me to grow my business gradually, my business is doing good and my profit too has increased. Thanks to you all

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  • Richard Aduonu    Jul 18, 2021

    I am very happy for the loan you have given me. I have received an amount of Ghs814 after the deduction and I am going to buy the study table and chairs. I thank you all for supporting me grow my business.

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  • Richard Aduonu    Jul 18, 2021

    I will like to use the loan to buy Study table and chairs and sell. This will help me to be able to get more profit to pay the loan and also get some money to cater for my family. I thank you all for funding my loan. God bless you where ever you are.

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  • Richard Aduonu    Jul 15, 2021

    My name is Richard Aduonu, I will like to use the opportunity to thank all Lenders for funding my loan and also want to inform them that my business is going on well through your help. I will continue to grow my business through your help. Thank you all for your support.

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  • Richard Aduonu    Jul 8, 2021

    Please I want to know if the pay it forward can be withdrawn if let say the person says he is not taking any loan again

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  • Richard Aduonu    Jul 2, 2021

    I will like to use this opportunity to inform the Lenders that I have receive the money, also I have bought the cylinder and standing fans. I thank you all for the support.

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  • Richard Aduonu    Jun 28, 2021

    I will like to use this opportunity to thank God and also thank the funders for funding my loan. I will use the loan to buy Cylinder and standing fans. This will help me get more profit to pay back the loan quickly.

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    • wisdom2080    Jul 1, 2021

      Praise the Lord. He will always provide and protect us. Hope your business keeps prospering :D

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  • Richard Aduonu    Jun 7, 2021

    I will like to use this opportunity to tell all Lenders that I have received the money, I have used it to purchase the shoe racks and wardrobes, . Thank you all for funding my loan for me.

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  • Richard Aduonu    Jun 7, 2021

    I don't know how to express my gratitude to the Lenders, but what I can say is May God bless you and help you succeed in everything you do, I will use the money to buy shoe racks and the portable wardrobe, this will help me get more profit to support my family and also help me get money to pay. Thank you

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  • Richard Aduonu    Jun 5, 2021

    I will like to thank my lenders for funding my loan for me, my business is doing good and am making profit. The loan has helped me a lot. Thank you all for your support

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  • Richard Aduonu    May 24, 2021

    I will like to use this opportunity to thank you all for funding my loan for me. I will use the money to buy Rice cooker to sell, which will help me get more profit. Thanks to you all.

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  • Richard Aduonu    May 20, 2021

    I will like to thank all Lenders for funding the loan for me, the loan has helped me a lot. I have gotten some profit and also my business is going well. Thank you

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  • Richard Aduonu    May 11, 2021

    I will like to use this loan to buy electric irons to sell in my shop,when I buy them to sell my profit will increase and also I will be able to meet the demands of my customers. I thank you all for funding my loan God bless you and protect you.

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