Loan to purchase more locally produced maize to resell

Owusuaa

Amantin, Ghana

100% repaid

Entrepreneur

Name

Owusuaa

Member since

February 2016

On-time repayments

80 installments  •  41%

About Me

Am called Owusuaa Comfort. I am 54 years of age, dark in complexion and moderately built. I come from Kwame Danso but I currently stay at Amantin in the Brong manso of Ghana. I wholely belong to a family of seven and the daughter of my father. I am wedded to Mr. Asumani and we had three children.
I had my primary and Basic Education at the Krenkuase D/A Primary and J.H.S and furthered to Kwame Danso Senior secondary School in the Brong manso of Ghana. After ending my secondary school, I put it up to own my business. I am automaticemployed. My duty is topurchase farm producet from the farmers and resell it to retailers. I entered into this business of the following reasons; the farmers finds it difficult to reach out to retailers, also to prevent post-harvest loses and above all to maximize profit. after little time of years , I have recall employing one person who give a helping hand. my favorite meal is fufuand soup. reading, watching movies and swimming.

My Business

I started this business in the year 2011 with the capital of $250. My business deals with the sale of crop products such as maize and cowpea. After the farmers have finish with harvesting, I go to them with a vehicle to purchase their produce and resell to the retailers to be resold to the buyer. Due to the increasing demand for food, business is growing fast. My weekly profit keeps on increasing. I manage to get about $87 every week. My aim is to expand to my business by purchasing more of the farm products from the local farmers. By so doing my weekly will keep on increasing and will also help reduce post-harvest loses.

Loan Proposal

Dear lenders, am pleading with you to help me with a loan of $100 to purchase more bags of maize to resell. I have some capital but not enough to make the purchase. Therefore I plead with you to grant me the loan of $100. When am given this loan, I will use it to purchase about 4 bags of locally produced maize. Each bag cost $25. Also, It will help me increase my profit margin by 70% within every week. The increase in my profit will help me to assist my lovely husband to take very good care of my kids. I will agree to any terms and conditions given to me and promise to pay it on time. Thank you and God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 3, 2016

Repayment status

On Time

Projected term

4 months

Lenders

The Zinc Team

San Francisco, United States

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  • Owusuaa    Mar 16, 2017

    Thank you for funding my loan.it will help me a lot in my business.

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  • Owusuaa    Mar 6, 2017

    dear lenders my previous loan helped me a lot to purchase a lot of items like maizecowpeas, millet,yam etc this purchase helped me a lot to gained more profit ,now I have used part of my profit to expand my business .and also part to pay my wards school fees,thank you my lenders

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  • Owusuaa    Feb 17, 2017

    Increase my weekly instalment.

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  • Owusuaa    Oct 21, 2016

    My lenders,i have received my loan of $98.26 and i have purchased all need products that will help boost my business.thank you for your support.

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  • Owusuaa    Oct 8, 2016

    This loan will help me buy more local foods for sale and it will help increase my weekly profit.thank you for your support

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