Loan to purchase a wholesale depot of sachet water

Derrick Selorm Lovewin Ahiahonu

Somanya, Ghana

100% repaid

Entrepreneur

Name

Derrick Selorm Lovewin Ahiahonu

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.

Show original English  

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.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$227.08

Date disbursed

Feb 23, 2017

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: $6.08

Lenders

W

WilsonLending

Atlanta, United States

C

Christian

Saarbruecken, Germany

valentin

Stockholm, Sweden

S

Spassmacher

46244 Bottrop, Germany

G

glosoli

Boston, United States

AltruisticSelfishnes

Chicago, United States

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

Svenip

Vienna, Austria

J

JakeA

Wellington, New Zealand

Catherine68

Boyle, Ireland

R

rmacaw

Australia

A

AlexCheng

Seattle, United States

C

CheesemanDan

Shanghai, China

C

cflint

Springville, United States

M

mgeck

Munich, Germany

G

grahamfamily

Guildford, United Kingdom

Cloudways

Malta, Malta

S

Scordato

Mattituck, United States

P

PhilACK

Brampton, Canada

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

S

Scodeb123

Huntsville, United States

O

Oscart

Edmonton, Canada

Maxey

Amstelveen, Netherlands

A

alkemyst

Geneve, Switzerland

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Robert D

Houston, United States

indrayudha

Jakarta, Indonesia

F

Forfex

Zurich, Switzerland

JonB

London, United Kingdom

S

seikatsu

Palo Alto, CA, United States

Z

zangalan

Maryland, United States

mikeice

Kohler, United States

S

sparty0410

Chicago, United States

P

payette

Ottawa, Canada

W

wnsomba

Tanzania

Paul Buchheit

Mountain View, United States

M

merk85

United States

smastermind

Jerusalem, Israel

J

jbhernan

United States

J

jsbisa

New Orleans, Louisiana, United States

P

Panda6689

United States

B

bscent

Hong Kong

S

SCHAC

Switzerland

S

Sven

Netherlands

Gab

Singapore

R

Robert

Berlin, Germany

MW

Matt Willis

United States

Elly

Woudrichem, United Kingdom

Dean Cress

United States

C

Chitti421

United States

CNV

United States

Emma

Australia

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Martin Nielsen

Aarhus, Denmark

PG

Paul Graham

United States

N

Nick

United States

AK

Achim Königs

Bonn, Germany

Taylor

Memphis, United States

Chuck

Manchester, United Kingdom

Thomas

Sweden, Sweden

DK

Danny Kelly

United States

E

Elynne

United States

Andrew Outhwaite

Geraldton, Western Australia, Australia

SA

Steve A

Newbury, United Kingdom

Jes-c

United States

GA

Giovanni and Yelena

New York, Ny, United States

O

Osman

Czech Republic

KK

Kanwar Kumar

Oslo, United Kingdom

Craig Newmark

United States

H

Hans

Czech Republic

The Zinc Team

San Francisco, United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

chessplayer

Berlin, Germany

Day Family

Melbourne, Australia

D

Dalton

San Francisco, United States

A

Anonymous

United States

SM

Sanjana M

United States

C

Cecile

United States

A

Anonymous

United States

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

S

Symballesthai

United States

HB

Hugo Boss

United Kingdom

SL

Sam Lute

United States

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  • Emma    Aug 18, 2019

    Hi Derrick, did you end up having any luck finding out what happened?

    If it would help, Zidisha staff can likely lower your repayment amount, & restructure your loan so you can just pick it up from here? Just pop them a msg & ask for some help :-) www.zidisha.org/forum-threa...

    Wishing you all the best, Emma from Australia.

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  • Derrick Selorm Lovewin Ahiahonu    Nov 26, 2018

    Hello I have managed to pay 250 through the old repayment process. Sent it to the MTN merchant number we often use for payment but it has not reflected yet. Payment were done last week.

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  • Emma    Nov 1, 2018

    Hi Derrick,

    You've still got a 70% repayment score, which is still ok :-) If you go ahead & lower your repayments to something you can afford, you're certainly not too late, there's not that much damage :-)

    Wishing you all the best, I hope you don't get too down on yourself...
    Warm regards, Emma from Australia.

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  • Abigail Boateng    Aug 6, 2018

    My mentee has agreed to start payment because he has contemplated whether to reduce it to be able to pay on time and he is going to pay the amount on time.On contrary i have adviced him to adjust his loan payments if he finds it too high.Thank you lenders.

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  • Derrick Selorm Lovewin Ahiahonu    Jun 5, 2018

    I really want to reduce the installment amount because the initial amount is too big and it will be difficult to get it within a week .I also want to keep on time repayments score high

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  • Derrick Selorm Lovewin Ahiahonu    May 30, 2018

    Thank you lenders,pls I hv recieved the loan of 802Gh cedis.and I hv successfully bought the motorcycle for the transport of my sachet water

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  • Derrick Selorm Lovewin Ahiahonu    May 12, 2018

    To God be the glory! I say a very big thank you to the Zidisha team and the loving lenders who by their kind and generous heart keeps improving my business venture. May God bless you all. This loan is going to serve it purpose of funding for the purchase of the tricycle which will put a stop to the transportation problem of my customers who buy from me and increase my revenue generation as well. Thank you Zidisha!

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  • Derrick Selorm Lovewin Ahiahonu    Oct 14, 2017

    I really want to thank zidisha team for helping me change and improve my financial status.with the previous loans am able to purchase goods for my shop to full capacity.sales hv been booming and profits have increased.
    I have used some profit to acquire a bigger shop so as to stock in more goods.my junior brother school fees is no more a problem and I can even afford extra tuitions at home for him.

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  • Derrick Selorm Lovewin Ahiahonu    Feb 27, 2017

    Hello Lenders! I have successful received your loan GHS 895 and will soon proceed to buying the depot as proposed. I thank you for your timely effort in funding and may God bless you.

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  • Derrick Selorm Lovewin Ahiahonu    Feb 23, 2017

    I say a very big thank you to every Tom, Dick and Harry in funding my second loan. With this loan I will make raised internal funds and add it to this to purchase the container. I will also make an order to increase my water intake as well. God bless you all.

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  • Derrick Selorm Lovewin Ahiahonu    Feb 22, 2017

    Thanks for the advise.

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  • Derrick Selorm Lovewin Ahiahonu    Feb 3, 2017

    Thank you my lenders and the Zidisha Community. I have by deed of hardwork completed repaying my first loan and would like to say it has been well with me in the purpose I applied the loan for. God bless you.

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  • Seth Afari-boateng    Aug 11, 2016

    All the best in your business Derrick. It is well.

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  • Derrick Selorm Lovewin Ahiahonu    Jun 19, 2016

    I really want to thank zidisha for giving me the opportunity to grow my business.Am greatful and am looking forward to working with you. I want to ask that why do u change your repayment number

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  • Derrick Selorm Lovewin Ahiahonu    Apr 26, 2016

    Finally, I have received my loan today. Hoping to get the best of result out of it.

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  • Derrick Selorm Lovewin Ahiahonu    Apr 14, 2016

    I'm very excited knowing that my loan was fully funded. Thanks to Zidisha and my only lender Paul. Still waiting for it disbursement.

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