Loan to purchase health products

Paul

Tema, Ghana

100% repaid

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

If this loan request is given a favorable consideration I will purchase the following products:
1. Ginseng : 10x$4.00 = $40.00
2 . Spirulina: 10x$4.00 = $40.00
3.Omega 3 capsule:10x4.00 = $40.00
4. Calcium : 10x4.00 = $ 40.00
Total $ 160.00
Sales
Ginseng : 6x10= $60.00
Spirulina : 6x10=$60.00
Omega 3: 6x10 $ 60.00
Calcium : 6x10 $60.00
Total-------------------------$240.00
Profit: $80.00

My Videos

Jul 22, 2021: Purchasing and supply of health products

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 13, 2015

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

Ask Paul a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$113.00

Amount remaining

$0.00

Date repaid

Nov 13, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 26, 2015 $7.50 Jul 26, 2015 $7.50
Aug 2, 2015 $7.50 Aug 2, 2015 $7.50
Aug 9, 2015 $7.50 Aug 9, 2015 $7.50
Aug 16, 2015 $7.50 Aug 17, 2015 $7.50
Aug 23, 2015 $7.50 Aug 30, 2015 $7.50
Aug 30, 2015 $7.50 Aug 30, 2015 $7.50
Sep 6, 2015 $7.50 Sep 6, 2015 $7.50
Sep 13, 2015 $7.50 Sep 29, 2015 $7.50
Sep 20, 2015 $7.50 Sep 29, 2015 $7.50
Sep 27, 2015 $7.50 Sep 29, 2015 $7.50
Oct 4, 2015 $7.50 Oct 4, 2015 $7.50
Oct 11, 2015 $7.50 Oct 11, 2015 $7.50
Oct 18, 2015 $7.50 Oct 19, 2015 $7.50
Oct 25, 2015 $7.50 Nov 13, 2015 $7.50
Nov 1, 2015 $8.00 Nov 13, 2015 $8.00

Loading...