Loan to purchase a wholesale depot of sachet water
Derrick Selorm Lovewin
Somanya, Ghana
100% repaid
Entrepreneur
Name
Derrick Selorm Lovewin
Member since
March 2016
On-time repayments
84 installments • 71%
About Me
I am a young man who strongly believes in investments. I am currently a professional teacher. I have responsibilities to take care of, being the breadwinner of my family.
l have therefore invested in some business ventures. An Everpure water depot in Somanya is being managed by my brother. I hereby need this loan to increase the quantity of goods supplied.
My Business
My line of business is an Everpure water depot at Somanya. Profits generated are used to pay school fees for my brother and also to solve some personal problems. I want to increase the quantity of goods supplied. I currently am able to take 500 sachet bags and 50-60 boxes. This quantity is sold within a month. The increasing demand by customers is what calls for this loan.
Loan Proposal
With all humility and a hardworking spirit, I have been successful in my first loan and therefore request for another one to purchase a sachet water depot as my bona fide property. I believe with this I wouldn't be paying annually for rent for the usage of the place and it will increase my profit as well. Thank you what you lend towards this course.
About Me
I am a young man,who strongly believe in investments,am currently a professional teacher n have responsibities to take care of,being the bread winner of my family
l have therefore invested in some business venture.An Everpure water depot in somanya n is being managed by my brother.I hereby need this loan to increase the quantity of goods supplied.
My Business
My line of business is an Everpure water depot at somanya,profits generated is used to pay fees for my brother and also solve some personal problems.I want to increase quantity of good supplied. currently am able to take 500 sachet bags and 50-60 boxes.This quantity is sold within a month. The increasing demand by customers is my worry that is what calls for this loan. I therefore want to increase the intake from 60 boxes of bottled water to 100 boxes and 500 to 800 sachets which cost 600£.
Loan Proposal
With all humility and hardwork spirit I had been successful in my first loan and therefore request for one to purchase a sachet water depot as my bonafide property. I believe with this I wouldn't be paying for an annually rent for the depot usage and it will increase my income. I need to purchase the depot which belongs to the mineral water company and I have been noticed of their sales of the depot and I desire to purchase it. I have also budgeted to increase my supply which has been indicated in my business profile. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$227.00
Date disbursed
Feb 23, 2017
Repayment status
On Time
Projected term
7 months
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