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

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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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Summary

Amount repaid

$147.30

Amount remaining

$0.00

Date repaid

Aug 6, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 30, 2021 $24.61 Jul 23, 2021 $24.61
Aug 6, 2021 $24.61 Jul 23, 2021 $17.72
Jul 29, 2021 $6.88
Aug 13, 2021 $24.61 Jul 29, 2021 $24.61
Aug 20, 2021 $24.61 Jul 29, 2021 $17.72
Aug 6, 2021 $6.88
Aug 27, 2021 $24.61 Aug 6, 2021 $24.61
Sep 3, 2021 $24.26 Aug 6, 2021 $24.26

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