Loan to purchase a mini-van for my wife's cold store
Reynolds
Abetifi, Ghana
1% repaid
Entrepreneur
Name
Reynolds
Member since
March 2016
On-time repayments
173 installments • 57%
About Me
My childhood was quite amazing because things were moving in the right direction. My education also was good, until I lost my wonderful dad, who was a breadwinner by then. After the death of my dad, that was when I came to understand life more fully. Life began to be tough and the hardship kept on, until I came to meet my friend who introduced me to my business. Through his advice, I have managed to break through, even though I have not achieved all, but it is better now than previously.
Well, the uniqueness of my land (i.e., Ghana) is notable. Peace and freedom are offered to her nationals, as well as her hospitality to foreigners.
I want my children to become what God has ordained for them, so I am forcing myself to push them through. My hobby is reading and discovering new ideas about business. Thank you all.
My Business
Please am Reynolds,I sell phones and accessories.I also decode and repairs phones. This business is the highest movable business in my area. The patronize of this products is very great since each and every blessed day people do buy phones or accessories.They also repairs their damage phones too at my shop and this makes me earns high income(Profit)out of it.Travelling to the city is costly here so i buy my items in bulk at moderate price from the whole Sellers and resale them at retailers price to my customers and this also earn me some money.My profit margin is always high since i always make sales and i reinvest my gain(profit) into the business with the aim of widening it.thank you all my great lenders.
Loan Proposal
Dear lenders am much grateful for your support. I thank you all because without you,life would be no meaningful to me and my family.Once again,I thank you all. Please am here once again seeking for your support to buy second hand mini van truck to transport her frozen meats and fish to the work place after buying it from the whole seller's. Please the transportation cost involved when transporting things from the cities to the village is high due to the nature of the bad roads. And we owning our own truck is safe and it will cut down cost and save the business by increasing the profit margin. Dear lenders, please assist us to buy this truck to cut down cost and save our business by increasing the profit margin. Dear lenders, the cost of the second hand mini truck van here is 25,600$.Please lenders, kindly help us to buy this van to transport our goods.Thank you all for your support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,510.00
Date disbursed
Oct 26, 2017
Repayment status
Late
Projected term
44 months
Other loans
Lenders
United States
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Jake Gibson and Beverly Picardo
San Francisco, United States
United States
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