Loan to expand my washing bay

Nana Yaw

Aboabo, Ghana

1% repaid

Entrepreneur

Name

Nana Yaw

Member since

June 2016

On-time repayments

27 installments  •  63%

About Me

My name is Nana Yaw was born in a family of six,i am the third born.my father is a business man.i went to school at Asanteman high school and i completed my in 2007.i later went to college to offer DBS where i graduated with a diploma in human resource management.i am currently in to business due to the high unemployment rates in Ghana I have a washing bay just in the center of Aboabo town.i started this business a year ago and so far its doing fine.however i am in need of some income to help boost my business.i decided to get into business because i need to look after my children and pay rentals and school fees.

My Business

my car wash business is located at Aboabo at the car wash we specialise in cleaning cars effectively using hoovers and pressure washer. So far people are happy with my services.i usually get cleaning materials at wholesale price in Kumasi and they cost me around $40 and these last for a month.and i pay for electricity which costs $80 per month.i also pay for water which costs $90 per month.in a day,i get about 35 cars and i charge $6, $4, $3 and $2 per car which gives me $180 per day.so at the end of a month i make about $670.i need the loan to boost my business by getting a larger hoover and pressure washer because the ones i have right now are domestic ones and the demand is getting high.The profits i make from my business are used to pay rent,bills and to take care of my two kids as well as my Distance Learning Education

Loan Proposal

I will use this loan to buy cement and materials to expand the floor where the car wash is done. Also I need new hoovers and power generator to carry out my operation due to persistent power outages currently the general problem in our country. I need a loan of $500 to enable me complete this work. The cost of expanding the floor would be estimated $250 and the hoover is $100 and the remaining $150 will be added to the business capital. I wash cars like taxi, Nissan Urvan, trucks etc. the prices are; $5, $8, $15........and so on. Thanks for the first loan given to me . My dear lenders and zidisha team long life

Feedback

None

None

1

  • Margaret    Aug 19, 2018

    It has been close to 2 years without any payments towards the loan.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$322.44

Date disbursed

Nov 16, 2016

Repayment status

Late

Projected term

61 months

Cost to entrepreneur

Service fee: $7.98

Other loans

Lenders

F

flaguy999

Tampa, United States

L

Lev

Israel

PG

Paul Graham

United States

N

Nick

Greater London, United Kingdom

Eugen Stamm

Zurich, Switzerland

E

EABF

Netherlands

B

Brett

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

M

Margaret

United States

A

Anonymous

United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

Ask Nana a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...