Loan to buy foodstuffs to resell

Stella Kudze

Accra, Ghana

10% repaid

Entrepreneur

Name

Stella Kudze

Member since

March 2021

On-time repayments

7 installments  •  43%

About Me

I am stella kudze from the volta region of Ghana. I was able to complete JHS in the year 2008 but due to poverty I couldn't further my education which made my goal of becoming a lawyer proved futile. Due to that i decided to start my own business by selling food stuffs.

My Business

I am a retailer who sells plaintain, cassava, cocoyam, yam and other food stuffs to final consumers. Since it is a necessary commodity it has a ready market. I chose this business because it is not likely to run at a lost. My cost of acquiring the stock and transportation is around GHS 1000 and later get a revenue around GHS 1450. i ue the my profit for home improvement and reinvestment.

Loan Proposal

I have been able to pay my first loan as promised but I want this loan in addition to my capital to help me buy more stock and sale to increase my profit.

Income Source

I will be able to pay back the loan but incase of risk I will pay back the loan with the profit i make from other business.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.75

Date disbursed

Mar 22, 2021

Repayment status

Late

Projected term

6 weeks

Cost to entrepreneur

Service fee: $3.55

Credit risk payment: $9.24

Optional expediting fee: $7.09

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