Loan to pay my younger brother's school fees
Andy
Berekum, Ghana
100% repaid
Entrepreneur
Name
Andy
Member since
August 2015
On-time repayments
32 installments • 88%
About Me
My name is Andy Maxwell .I was born in Berekum in Brong Ahafo Region.My parents practiced small scale farming and also business.They owned a dairy shop.Most of my childhood involved going to a local school and also assist my parents in household during the weekends.
After my high school education i attended National youth services since i wanted to join the Ghana Police Service.After completing attending Ghana police training ,Unfortunately i wasn't selected to join the Ghana Police service due to my height.I was frustrated and disappointed since i had spent most of the time working hard to join the Ghana Police Service to be come police.
My parents told me that now am an adult and i should cater for myself i had to travel to Accra ,the capital city of ghana to look for a job which wasn't available.Luckily i was able to convince some beauty shops that i would hawk their products and we agreed on a commission.I worked really hard and within two years i was able to save some money and start my own shop which i have up to now.
My Business
My business deals with sale of beauty products from hair lotion,body lotion,hair extensions,handbags to earrings. The goods i sell are on demand since every woman would want to look beautiful and stand out from the crowd.
I chose this kind of business because its fast growing and with the right source it can be profitable.I normally source from wholesalers who have imported from different nation such as china,Dubai,London but i want to reverse and become the one sourcing directly.This way i will be able to make huge profit.
My typical costs in the shop include paying rent,electricity bills.I make a profit of $400 monthly which i use for my daily use and support my family.
Loan Proposal
hello my dearest lenders thank you so much for your assistance you already given to add more stock in my cosmetics shop which is in high demand of the people in my community, please i still need your support to be able top pay for younger brother senior high school, l have already have some saving but cannot it that is why l am appealing to you help me with ghs 462,thank you and all your contributions are welcome.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$124.00
Date disbursed
Jan 26, 2016
Repayment status
On Time
Projected term
3 months
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