Loan to deposit for outboard motor

Tetteh Kwao

Prampram, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Tetteh Kwao

Member since

April 2016

On-time repayments

112 installments • 98%

About Me

I am a fifty-nine year old fisherman who was born in Prampram, a small fishing community in the Greater Accra region of Ghana. I was borth to Mr. Osayo Nartey (a fisherman) and Madam Mary (a trader). I am the second born among eight siblings. I grew up in the neighboring country of Togo due to the nature of my father's business. I joined my father in the fishing trade after I completed my elementary school education. I later took over from him after he retired due to old age.

My Business

I am a fisherman and a proud owner of a fishing canoe. Aside the occasional lean season when the fishes become scarce, the fishing business is very lucrative. I have succeeded in maintaining and running the business since taking over from my business. The business comes with several challenges such as shortage of fuel and occurrence of heavy storm on the sea. Aside that, it is a profitable business.

Loan Proposal

Hello lender's,
This loan will be use to continue with the deposit for outboard motor for fishing business.
price for the Said motor is $2000 but currently am able to deposit $1500 from the remaining $2000.
The money used to deposit really came from savings made from fish sales and loan secured from you lender's.
Hope with this fourth loan will beef up amount I have with the machine seller.

Thank-you