Loan to expand my grocery shop

Francis

Bechem, Ghana

10% repaid

Entrepreneur

Name

Francis

Member since

November 2016

On-time repayments

128 installments  •  65%

About Me

I am a self independent young energetic man who believes in continuous work to earn a living. I come from the southern Part of the country where farming is the major source of occupation. i come from a family of eight.At my early stages , i stayed with a family member for some couple of years which i obliged. A practice ,which is common in Ghana.This was mainly due to the fact that my parents had to struggle before they could make ends meet. This unfortunate experience negatively affected my education which consequently lead to my withdrawal from school.In spite of all these unfortunate incidence, i survived until i attain a certain age that allowed me to take decisions for myself. It is my intention to take proper care of my kids looking at what i have gone through. I am still unmarried.

My Business

The commencement of this endeavor beets my imaginations. But my effort of hard work couple with Gods blessing brought me this far. As it had been said in scriptures, hard work always pays. This establishment had been in an existence for few year now and the outcome has been fascinating.. I initially walked house to house in selling my provisions. This traveled for some months before i could secure enough capital to move to my permanent place.During the just ended christmas, i was able to make some headway and gains because the celebrants actually patronized the goods. The secrete for the good market was that, as a beginner i made the prices of my items very moderate so all manner of people got lured to the store and this has made me feel elated because this is a gesture of being on the right track.

Loan Proposal

God bless my lenders and the hard working zidisha team for your kind help. I am really touched by the generous help you have been giving to me. Zidisha, is indeed, a real family made up of real people. Lenders, my grocery shop is growing as expected. Per my estimation, my profit increased about 13% of my existing capital with my previous loan. My lenders, I have come to you again for your kind help. I will use this loan to buy more items to expand my grocery shop. This will enable me to sell more items and make more profit at the end. The items include the following: 15 bags of perfume rice=$130
2 bags of maize flour=$60
Milo &milk=$100
Sugar & biscuit =$50
Cooking oil=$50
Sardines=$ 50
Tomato paste & soap=$50
Transportation=$30
My generous lenders, after selling, I will use my profit to reinvest in my business and also repay back my loan on time. I am certain you will kindly help me to achieved my aim. Once again, I am grateful to you and may God grant you long life.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$459.00

Date disbursed

Oct 3, 2017

Repayment status

Late

Projected term

46 months

Lenders

MarktheMormon

Sandy, Utah, United States

A

Andy

Berlin, United States

Insomnus

Cheltenham, United Kingdom

Elly

Woudrichem, United Kingdom

PG

Paul Graham

United States

Craig Newmark

United States

WS

Warren Shen

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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