Loan to expand my business

Entrepreneur

About Me

My name is Mr. Asomah frank. A man of 32 years of age. I live in a town called Nsawkaw in Tain district of Ghana.Iam from a family of six of which I am the second born. I started my basic school in Amantin St. John Anglican Basic School this was as result of my poor background .My parents sent me to my uncle at Amatin to take care of me.After primary I continued my senior high education at Amantin Senior High School.Just after secondary school I thought at three different private schools before I secured some amount to establish my provision store.I always working hard to earn for my parents. Now l am with my lovely family in NSAWKAW. By God's grace my nuclear family has increase by one.The name of my baby is Kerstin.She is so dear to me,very soon she will start schooling.She will be sent to one of the best schools in my locality.
With my current business my family is no more a burden but a blessing.Zidisha is the only place I have the chance to borrow and be comfortable.I say this not because there are no avenues.With the others the interest alone and the terms of payment alone can collapse the business.Some loans are given with almost 50% interest rate.which is too high for businesses like our type.
With my current family size if Zidisha faints our businesses may either stand still or the worst can happen.I started feeling the heat when my loan has been refused funding for almost a month now.
long live Zidisha!!!!

My Business

The name of my provision shop has been changed to"GOD IS MIGHTY". It is located now at NSAWKAW. My basic capital was $100. I sell food products like rice,maize and some canned products like tin tomatoes ,milk,sardine etc. I have employed one worker who I pay every month. Currently my capital have raised to $1900. I need some extra loan to help me purchase other food products I do not have and the products which are not enough in my shop so that my customers will get any products they want in my shop. I manage to raise about $75.00 every week. It is my aim to expand the business so that I can employ more people and take good care of my family.
My business now is expanding.I have secured motor bike through loans raised from Zidisha.This bike assists me to transport goods from my warehouse (my house) to the store.Thanks to the Zidisha team and lenders.

Loan Proposal

My current business is faced with a lot of competition from my supplier. Therefore i have turned my focus now to welding steel doors, windows and gates. This business is promising since i have even employed two more workers who are assisting me with the welding. If i succeed to get this loan am planning to buy another welding machine and grinding machine. This will enable us to be working all of us at the same time therefore making us increase the production thus profit

Feedback

Loan Info

Lenders