Loan to invest to my provisions store
Mary
Fanti Nyankumasi, Ghana
100% repaid
Entrepreneur
Name
Mary
Member since
October 2016
On-time repayments
35 installments • 60%
About Me
My name is Mary Osei from Fanti Nyankumasi which is located in the Central Region of Ghana ,I live with my mother and four siblings am the eldest ,my father died in a car accident my mother is a trader who sell vegetables in Fanti Nyankumasi Central Market in last two years . I pass my juniori could not further more, my mother is also growing older ,my siblings are also furthering take care of the family and my self .
so i started selling of bread and drinks in the Fanti Nyankumasilorry station it was very hard,
I go for this bread and drinks on credit and make sales to the owner and give me some amount , I divide this amount into three, one is this profit to pay my school fees,my siblings and the rest are invested into my business ..
My Business
I deal in everyday foods which is basically soft drinks, biscuits and bread. I sell these mostly to travelers in vehicles. I do this when i have closed from school in the afternoon. The basic demand conditions for these goods is quiet high since there are many sellers in my community but we all make the needed sales too at the end of the day.
I choose this kind of business because it allows me to trade . It very also do not need any specialised skills hence any hardworking person can make something out for him or herself.
The cost and profit ratios are not that high but it is able to pay for my educational expenses and most part of my upkeep. I use the profits made from this business to finance my education.
Loan Proposal
Am more grateful Lenders for the fist loan ,my kinds brother the work has now expanded ,so i will like to invest the second loan into the business .
Feedback
Positive
2
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$31.00
Date disbursed
Feb 6, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
San Francisco, Netherlands
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Marcus May 6, 2017
Sue L May 5, 2017
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