3 weekly installments • 67%
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.
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.
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.
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.
Apr 16, 2021
Cost to entrepreneur
Service fee: 5% of $22.22 = $1.06
Credit risk payment: $2.83
Optional expediting fee: $3.18