Loan to hire a shop

Abass

Tepa, Ghana

100% repaid

Entrepreneur

Name

Abass

Member since

April 2021

On-time repayments

7 installments  •  43%

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

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$159.00

Date disbursed

May 6, 2021

Repayment status

On Time

Projected term

1 week

Lenders

tycho

Madison, WI, United States

SA

Shar Alamdari

Los Angeles, United States

VC

Victor Chong

United States

Paul Buchheit

Mountain View, United States

jorgvgaal

Kuala Lumpur, Malaysia

R

Richard

United Kingdom

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  • Ivy    Jun 11, 2021

    He will start paying soon

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  • Abass    May 24, 2021

    I received a loan of Ghc 1444 an want to tell my lenders that I appreciate whatever they are doin for me

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  • Abass    May 18, 2021

    I am going to use this loan to stock up my shop to sell to my clients for raisin profit and I want to thank my lenders for giving me this loan

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  • Abass    May 18, 2021

    It really helped me alot in my business and I happy to be here

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  • Abass    May 7, 2021

    I was paid a loan of Ghc 902 to be used to rent a shop for selling of wallpers to my clients and I am ever grateful for this support from my lenders

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  • Abass    May 4, 2021

    I am going to use this loan to rent a shop for selling wallpapers and this would help me build a good relationship with my clients. God bless all my lenders

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  • Abass    May 4, 2021

    my previous loan really helped me boost my stock in wallpapers and I was able to increase my profit to help my business

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  • Abass    May 3, 2021

    I received a loan of Ghc 563 and have invested into my wallpapers business and I want to thank my lender for the loan

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  • Abass    Apr 26, 2021

    I am goin to invest this loan into my wallpapers business and I want to thank my lender for granting me this loan.

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  • Abass    Apr 18, 2021

    I have used the loan of Ghc 350 that I received to buy wallpapers and I am selling to my customers. I want to thank my lenders for this loan.

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  • Abass    Apr 16, 2021

    I thank you for the loan you have given to me. I would utilize it well in my business, God bless you all

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