Loan to open a new branch of paint & hardware shop
Emmanuel Gyasi
Esereso, Ghana
72% repaid
Entrepreneur
Name
Emmanuel Gyasi
Member since
August 2020
On-time repayments
48 installments • 56%
About Me
I am a boy of 21 years an shs graduate in 2018. I started the selling of paint and other tools immediately I completed school. Due to a small capital I have less stock but I hope zidisha will help me expand my business.
My Business
The selling of paint is the business I do. Although I sell other tools,paint is the backbone of my business. My father first gave me some money and I added my savings to it to create the initial capital but right now the profit I gain has been the sources of income.
Loan Proposal
With the new loan I am taking, I will use it to open another branch in the next town. there is not a specific paint and hardware shop in the town, so I will use this loan to open another branch to cater for their needs and I know bigger profits awaits me.
Income Source
the current economic climate is not favorable but how to repay the loan is not a problem because my business has been making the biggest profits and sales even under this economic hardship. I have new strategies which suit the economic hardship these days.
Feedback
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$387.31
Date disbursed
May 11, 2021
Repayment status
Late
Projected term
3 months
Cost to entrepreneur
Service fee: $13.80
Credit risk payment:
$47.10
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