Loan to expand my provision store
Effahrichard
Berekum, Ghana
100% repaid
Entrepreneur
Name
Effahrichard
Member since
July 2014
On-time repayments
39 installments • 77%
About Me
I am Effah Richard, born on the 25th of December 1990 in Berekum in the Brong Ahafo region of Ghana.
I am the first child of my parents, Mr Joseph Donkor and Mrs Magarete Serwaa, I live with them in Berekum where I attended school at Dormaa Senior High. I am currently into food retail which enables me to earn good money to support myself and my parents.
My Business
I started this business because there is a high level of demand in my area. My customers prefer my provision store as it offers quality goods.
I am convinced I will be able to repay the loan as I am the only person selling some of the products in the area and especially with schools reopening soon I will be able to sell even more.
Loan Proposal
When I get this loan,it will help me improve on my provision store project in the following ways; use 120 dollers to sell recharge card . over a while now customers ask about recharge card and all i do is to redirect them to a recharge card vendor who is about 100 meters away from my shop. it has therefore become necessary to sell some in my store secondly part of the money will be used to connect electricity to my store in other to add the selling of frozen foods like yoghurts and ice cream. this is necessary since there are no frozen food sold in the area.
About Me
MY STORY
I am Effah Richard, Born on the 25th of December 1990 at Berekum in the Brong Ahafo region of Ghana.I am the first child of my parents Mr.Joseph Donkor amd Mrs Magarete Serwaa. I live with my parent in Berekum. I attended school at Dormaa Senior High. I am currently into supper Market business which i am making alot of money to support my parents,
My Business
i started this business becuase it has hing level of demand in my area and the customers preferd my provision store and it has quality of goods in my store and i believe that i can pay the loan
and am the only person who sells some of the product in the area especially when school reopens and i have the confidence that when i get the loan i will buy new stuff into that and get more money so that i can pay my loan
Loan Proposal
When I get this loan,it will help me improve on my provision store project in the following ways; use 120 dollers to sell recharge card . over a while now customers ask about recharge card and all i do is to redirect them to a recharge card vendor who is about 100 meters away from my shop. it has therefore become necessary to sell some in my store secondly part of the money will be used to connect electricity to my store in other to add the selling of frozen foods like yoghurts and ice cream. this is necessary since there are no frozen food sold in the area.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
2 months
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