Loan to increase working capital

Eric Musa

Agona Swedru, Ghana

100% repaid

Entrepreneur

Name

Eric Musa

Member since

February 2018

On-time repayments

33 installments  •  82%

About Me

My name is Eric Musa Quaye from a town known as Agona Swedru. I grew-up from this town and still lives in it. We are family six (6) and I am the oldest. I completed my secondary education at Accra Technical Training Center (ATTC) in the year 2002. I further my education at University of Education, Winneba and obtained a Diploma in Education in the year 2014.

I have a very good family of whom some are even member noble platform. I can not do away with some of these siblings of mine by names George Offei and Patrick Quaye. I love them all and they are very helpful to me.

Data Book Shop is the name of my shop. I deal with all kinds of educational materials. I started this business in October 2016 with a capital of USD 800.00 from my personal savings. In addition I am carpenter and I do receive orders for furniture, bed, etc.

I have a pretty girl at the age of 8 years who always wish to become a nurse in future. I love her because she is all that I have.

I enjoy listening to Christian music due to my religious background.

My Business

Data Book Shop is located at Agona Swedru in the Central Region of Ghana. The shop is located just in front of my resident. I have one assistance who takes over the book shop whenever I get a carpentry contract (order). He is a hard working boy.

Data Book Shop do sell all kinds of educational materials ranging from text books, pens, pencils, school bags, calculators, etc.

It is my wish to open more branches in other areas of the town. This is because, running a book shop in my locality is very profitable. In addition, it is my aim to provide good educational materials to children in my locality so as to enhance their academic.

Profit generated from my two businesses (Book Shop and Carpentry) is used to take care of my daughter and other family members. My daughter is class 3.

Loan Proposal

The approval of this loan will help increase my working capital. I need more capital injection into my business for growth purpose.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$66.00

Date disbursed

Mar 3, 2018

Repayment status

On Time

Projected term

3 months

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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