Loan for supply of electrical appliances

Lydia Asante

Dunkwa-on-offinso, Ghana

100% repaid



Lydia Asante

Member since

June 2015

On-time repayments

155 installments  •  89%

About Me

i got the chance to complete JHS where i entered into apprenticing hair dressing which i graduated in 2007.
i got married and things changed where i relocated to my current place and as a result of it being a new site the patronization of my services was not encouraging so i turned the shop to selling something so demanded in this area, electrical appliances which as a result of the ongoing constructions is highly demanded
as a child i was interested in how to manage and try to make something that will please at least most people around.
i have grown to know this very well and have applied it in my own shop as to the level of stock that an inventory has to be made.
i did not get the chance to pursue education to the fullest and i am determine to help my children to and level of eduction they so wish
this i envisioned to making this business strongly established.

My Business

i sell all kinds of home electrical appliances from electric switches , bulbs, extension cables and the like.
Due to my location these goods are of high demand and as such the need to stocking my shop is necessary as it is some distance away to the next shop where such goods can be obtained
these items as light bulbs and switches are demanded on daily bases and costs as low as 3 cedis ~~$o.5 this makes the restocking of the shop on weekly bases.
as a form of investment where i determine the interest rate for myself i reinvest all accrued profit into the business as a form of building the capital base.

Loan Proposal

As i have been a boost in the supply of electrical appliances from my previous loan, this loan will fully be invested into getting more stocks .
this will cut down the number of days i travel to kumasi for reimbursement thus cutting down transport cost; getting bulk purchase discount and assuring my customers of their needs at all times.
i am once again calling on all lenders to help me continue the business which runs of their capital contributions.
this amount you going to give is the lifewire if my business and i count of your loyal support of this establishment.
i glad you've help once more.





  • David    Mar 29, 2019

    Loan was originally scheduled to take three months. Although there was a reduction in repayment amounts, this was explained in the discussion section. Regular payments continued and the loan was paid off in five months.

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  • Mary    Mar 25, 2019

    Hello Lydia, thank you for repaying your loan. It was a pleasure helping you attain your goals. I would be glad to lend to you in the future.

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  • Joshi    Mar 25, 2019

    Steady, regular repayments and appr communication. Will lend her again.

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  • Mary    Oct 16, 2018

    Dear Lydia,
    thanks for paying back another loan. It was a pleasure to support your business again and I wish you continued success.

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Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Aug 11, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $7.47



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