Entrepreneur
Name
Paul
Member since
June 2015
On-time repayments
263 installments • 88%
About Me
I am Paul Hodji.
I was born in an area where people do not value education but I managed to educate myself to an average level.
I then proceeded to teach in a technical school with marketing background.
Having realized the need to create additional income , I decided to go into distribution of health products.
With the proceeds , I am able to pay children;s school fees as well as feed my family .
My Business
As extra source of income, health products distribution has been my activity for the past 4years.
I now need $950 to purchase health products such as Omega 3, Spirulina, Calcium, Vitamins, Garlic and Ginseng capsules.
I purchase these items at wholesale and distribute to my customers directly by myself and therefore have no need to pay any employee or helping hand apart from transport costs.
By this am able to make sufficient profit of 40 % to take care of my family and reinvest into the business.
The demand for health products is high and my customers respond favorably with repeat orders .
Loan Proposal
As soon as l receive this loan l will go ahead to purchase and supply the above stated items to my customers since the demand is available.
The consumption rate of liquid soap, hand sanitizer and paper napkins and face masks are very high due to the covid 19 pandemic.
My continuous appreciation to my lenders.
Income Source
Despite the collapse of many businesses, the listed items are essential to combat the corona virus and as such every tom dick and harry are compelled to use them everyday. And and payment is cash and carry. Not on credit. So therefore lam able to repay the loan as scheduled
My Videos
Jul 22, 2021: Purchasing and supply of health products
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,065.00
Date disbursed
Jun 21, 2020
Repayment status
On Time
Projected term
7 months
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