Loan to expand my door to door coconut oil and fish business
Charity
Kpetoe, Ghana
100% repaid
Entrepreneur
Name
Charity
Member since
September 2015
On-time repayments
96 installments • 72%
About Me
I am a young lady and I live in the Volta part of Ghana. I have two siblings and l am the third born. I am currently in senior high school and l am the first person to get to this level of education. Its been so hard been held along with a single parent. The soul of my dad has inspired the clouds. Its been difficult for my mum alone to cater for us financially through our junior high school. I had a goal of becoming a medical nurse. Regardless of the limitation in my family and financial constraints, that dream of becoming a nurse looks vivid in my vision. I root for the fact that says, present unpleasant situations cannot determine my tomorrow. Neither can it change my dreams if l do not allow the situation to engulf me. I took to a part time job of selling on my own after school in the evenings which is a home based business and it is making a great change financially to help in paying my fees. I am very hopeful and optimistic. If there is life there is hope. I want to use this platform to get money to expand my home based business. I have enough time to study and do other academic assignments. I am appealing to lenders to help me achieve my dream and purely change my life story.
My Business
I have basically started with selling bottled local oil made from coconut. I have made a progress and l have added the selling of fried and smoked fish to it. I do go around with it on weekends from door to door. I have chosen these goods and services because its the normal and regular consumption of the people in my area. I am able to make 10% of profit on each a day. I use 5% of the profit l make on each bottled oil a day for reinvestment. I sell 15 bottles a day. I use the other 5% for school books. I make a profit 20% from the sell of both the fried and the smoked fish a day. I stash away 10% for my school fees and 10% for savings.
Loan Proposal
I want this loan to support my business ,in order to successfully go through financial academic challenges on my way and towards the attainment of my nursing dreams. Basically, l will buy materials such as coconuts to prepare more oil and enough fresh fish.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$452.00
Date disbursed
Feb 2, 2016
Repayment status
On Time
Projected term
63 months
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