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.

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

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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

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

S

Selloman

Geesthacht, Germany

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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Summary

Amount repaid

$227.08

Amount remaining

$0.00

Date repaid

Oct 7, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 3, 2017 $7.22 Apr 1, 2017 $7.22
Mar 10, 2017 $7.22 Apr 1, 2017 $7.22
Mar 17, 2017 $7.22 Apr 1, 2017 $7.22
Mar 24, 2017 $7.22 Apr 1, 2017 $7.22
Mar 31, 2017 $7.22 May 4, 2017 $7.22
Apr 7, 2017 $7.22 May 4, 2017 $7.22
Apr 14, 2017 $7.22 May 4, 2017 $7.22
Apr 21, 2017 $7.22 May 4, 2017 $7.22
Apr 28, 2017 $7.22 May 4, 2017 $7.22
May 5, 2017 $7.22 May 30, 2017 $7.22
May 12, 2017 $7.22 May 30, 2017 $7.22
May 19, 2017 $7.22 May 30, 2017 $7.22
May 26, 2017 $7.22 May 30, 2017 $7.22
Jun 2, 2017 $7.22 Jun 8, 2017 $7.22
Jun 9, 2017 $7.22 Jun 8, 2017 $7.22
Jun 16, 2017 $7.22 Jun 8, 2017 $7.22
Jun 23, 2017 $7.22 Jun 8, 2017 $7.22
Jun 30, 2017 $7.22 Jul 21, 2017 $7.22
Jul 7, 2017 $7.22 Jul 21, 2017 $7.22
Jul 14, 2017 $7.22 Jul 21, 2017 $7.22
Jul 21, 2017 $7.22 Jul 21, 2017 $7.22
Jul 28, 2017 $7.22 Aug 18, 2017 $7.22
Aug 4, 2017 $7.22 Aug 18, 2017 $7.22
Aug 11, 2017 $7.22 Aug 18, 2017 $7.22
Aug 18, 2017 $7.22 Aug 18, 2017 $7.22
Aug 25, 2017 $7.22 Aug 18, 2017 $7.22
Sep 1, 2017 $7.22 Aug 18, 2017 $7.22
Sep 8, 2017 $7.22 Sep 9, 2017 $7.22
Sep 15, 2017 $7.22 Sep 9, 2017 $7.22
Sep 22, 2017 $7.22 Sep 22, 2017 $7.22
Sep 29, 2017 $7.22 Sep 29, 2017 $7.22
Oct 6, 2017 $3.13 Oct 7, 2017 $3.13

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