Loan to hire a shop

Abass Mohammed

Tepa, Ghana

Loan disbursed

$0 to go

100% lent of $159 goal

0

days left

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Entrepreneur

Name

Abass Mohammed

Location

Tepa, Ghana

On-time repayments

2 weekly installments  •  100%

About Me

I am Abass Mohammed a northerner and married with two children according to my traditional customs. I completed my Shs at Tepa Senior High school, I could further my education because of lack of support and have to wait till now that I am doing a distance education program to pursue Bsc in Education from University of Education Winneba. Back in northern my father got married to four wifes and gave birth to fifteen children. so we it's very difficult for him to cater for us all, due to this condition I have to moved to Tepa to stay with my uncle where I developed interested into a vocation and started working as Painter. Now I have learnt how to install stickers in a room and other room renovation aspects that I do for my clients. Back in school I used to play football and tennis.

My Business

I have a shop where we sell wallpapers and glues. I also do wallpaper installation for clients. Customers comes to my shop to my these wallpapers and I get profit from that. After buying the wallpapers we charge them for our services for installation and this also generates income to support the business I am doing. The profit i get from the business is sometimes used for renovations , expenses and reinvestment.

Loan Proposal

The loan I am applying would help me rent a shop where I can start major distribution of wallpapers across the country. I work from home nowadays and this makes customers a comes to my home to purchase wallpapers uncomfortable. Taking this loan would really help me to get a shop where customers can attend to me and buy various wallpapers at their own comfort and this would help me grow my business.

Income Source

I would be paying the loan from the profit I gain from the selling of wallpapers to my customers and also make sure I pay on time to prevent default.

Feedback

None

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Lenders

jorgvgaal

Kuala Lumpur,  Malaysia

Babbitt Family Foundation

Sioux Falls, SD,  United States

Paul Buchheit

Mountain View,  United States

tycho

Madison, WI,  United States

SA

Shar Alamdari

Los Angeles,  United States

R

Richard

United Kingdom

Loan Info

Disbursed amount

$159.38

Date disbursed

May 6, 2021

Repayment status

On Time

Projected term

1 week

Cost of loan

Service fee: 5% of $159.38 = $7.95

Credit risk payment: $15.90

Optional expediting fee: $23.85

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