Loan to buy foodstuffs to resell

Stella

Accra, Ghana

10% repaid

Entrepreneur

Name

Stella

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

$100.00

Date disbursed

Mar 22, 2021

Repayment status

Late

Projected term

6 weeks

Other loans

Lenders

joselvelez

Dallas, United States

MrMichigander

Marquette, United States

S

Sven

Netherlands

R

Robert

Berlin, Germany

Kevin

San Francisco, United States

Framework Eyewear

Utrecht, Netherlands

I

isaac

United Kingdom

Diane U

Olympia, Wa, Usa, United States

EA

Eric Ayers

Atlanta, United States

C

Camm

Australia

A

Anja

Germany

Black and White Zebra

Vancouver, Canada

A

Anonymous

United States

C

Christopher

United Kingdom

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

Please log in to comment.

  • Baidoo    Apr 29, 2021

    I have advised Stella to adjust her instalment amount because she said business is not moving well but he has promised to repay her loan back soon

    Log in to reply • Share
  • Stella    Apr 9, 2021

    business is very slow this time and i will soon make payment

    Log in to reply • Share
  • Baidoo    Mar 26, 2021

    I called Stella and she said she will pay her loan full next week

    Log in to reply • Share
  • Stella    Mar 22, 2021

    I will add this loan to my capital to buy more food staffs and it will help me to increase my stock and make more profit. Thank you all my lenders for your help.

    Log in to reply • Share
  • Stella    Mar 11, 2021

    I will use the loan to buy food staffs for sale and this loan will help me increase my stock. thanks to all my lenders for their support.

    Log in to reply • Share


Loading...

Loading...

Loading...