Loan to buy vegetables for resale

Ibrahim Ajaratu

Tamale, Ghana

100% repaid

Entrepreneur

Name

Ibrahim Ajaratu

Location

Tamale, Ghana

On-time repayments

3 weekly installments  •  67%

About Me

I am Ibrahim Ajaratu from the northern region of Ghana and a muslim by religion. My father was a farmer and was not having money so I couldn't further my education after I completed JHS so it prevented my dream of becoming a teacher which I was not happy with that. Due to that I borrowed from my imam to start my own business and it has really helped me a lot.

My Business

I sell vegetables at the market, vegetables are being used in every home everyday hence it's a very useful product and it also have a ready market. It has helped me saved money to support my kids education and also helps different households to get the vegetables they want.

Loan Proposal

I will buy vegetables with the loan for resale. This will help me get money to help support my family and also provide vegetables for other households. This will help me increase my profit.

Income Source

I am not sure there is a risk in the sale of things used for cooking since it is needed in all households but in case of any risk I will repay with profit from other business.

Feedback

None

None

None

Lenders

Babbitt Family Foundation

Sioux Falls, SD,  United States

T

traderjohn

Baltimore,  United States

SA

Shar Alamdari

Los Angeles,  United States

F

Fonz

United States

Loan Info

Disbursed amount

$22.22

Date disbursed

Apr 16, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: 5% of $22.22 = $1.06

Credit risk payment: $2.83

Optional expediting fee: $3.18

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