Loan to purchase sachet (bagged) water for sale

Akosua Mansah

Banda Nkwanta, B/a, Ghana

100% repaid

Entrepreneur

Name

Akosua Mansah

Member since

January 2015

On-time repayments

187 installments  •  41%

About Me

My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. I at least had one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that I became a trader since I am naturally good at that. I started selling sachet water on the high streets of Bandah and later graduated to selling it on a retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.

My Business

I sell or deal in sachet water but on a large scale. I buy about a hundred bags of sachet water with a hundred dollars. After sales, I will make 50% to 70% percent profit on the amount of money invested. I invest back into my business and live also on a percentage of it. I challenge myself every day with my business bearing in mind that hard work is what will produce the needed profits and sales. So I work from dawn to dusk.

Loan Proposal

Loan Proposal

i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $5.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled

Show original English  

About Me

My name is Akosua Mansah. I am a Ghanaian. I was raised among all boys except my mom. I thus had a little formal education but not much. At least one that allows me to read and write. I basically did not continue my education due to financial difficulties on the side of my parents.
But it was my choice that i became a Trader since i am naturally good at that than intellectually. I started selling sachet water on the high streets of Bandah and later graduated to selling it on retail basis. Bandah Nkwantah is a very busy place with diversity of people due to the commercial activities.

My Business

i sell or deal in sachet water but on a large scale.I buy about hundred Bags of sachet water with a hundred Dollars. and after sales, i will make 50% to 70% percent profit on the amount of money invested. i invest the rest back into my business and live also on a percentage of it. I challenge myself everyday on with my business bearing in mind that hardwork is what will produce the need profits and sales. So i work from dawn to dusk.

Loan Proposal

Loan Proposal

i sell what we locally call pure water which is actually sachet water. if my loan is funded in full, i will use the entire amount to purchase bags of sachet water for sale. however, with the injection of this capital, some people can also come and purchase on small scale for resale.
As at now, one bag of sachet water cost some $2.5 and others also cost $5.00 depending on which one customers demand the most due to branding and quality. so i will use $150 to purchase the one that one bag cost $2.5 and then the remaining $150 will be used to purchase the one that a bag cost $4.00.
both varieties are in equal demand in my community. so in total, i will be getting up to about 300 bags of sachet water for sale and distribution.
i will be so happy that the people of my community will have clean and treated affordable drinking water to consume just through my little effort to expand my business. Then to myself, my profit margin will shoot up and that i will be making a profit of more than 40% of the invested $300. Then also everyday i will work so for sure , i will be able to repay the loan in full in the appointed time and date and as scheduled

Feedback

5

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$384.75

Date disbursed

Jul 29, 2015

Repayment status

On Time

Projected term

32 months

Cost to entrepreneur

Service fee: $9.75

Lenders

W

WilsonLending

Atlanta, United States

J

Jason

New Jersey, United States

S

snowcrystal86

New York, United States

R

RielCanadian

Lethbridge, Canada

cyrus0302

San Francisco, United States

S

SeeBiscuit

Reston, United States

José Antonio

Carapicuíba, Brazil

lorrymac

Killough, United Kingdom

C

cgrumboski

Atlanta, United States

T

Tallago3

Munich, Germany

M

mogensh

København V, Denmark

tmisch

San Jose, California, United States

RebeccaNie

Palo Alto, United States

T

tnelson4

Madison, United States

M

mason243

Denver Colorado, United States

J

Jennifer

Minneapolis, United States

B

briansedz

Canton, Ohio, United States

C

chrisherron

Chicago, United States

F

farwest

Alamo, United States

S

stevetanner

Geneva, Switzerland

J

JoycaLeplae

Gent, Belgium

Boysenfam

Boulder, United States

DLarson

Morris, United States

D

duckdork

De Forest, United States

P

pillepalle

Osnabrück, Germany

D

danderson1953

Plainsboro, United States

J

JoeSolar

Virginia, United States

R

RealUtopia

San Diego, United States

S

silsley

Cheltenham, United Kingdom

P

pignolet

zurich, Switzerland

R

Rachel

Vernon, Canada

V

Valis

Singapore, Singapore

D

dannimw

Victoria BC, United Kingdom

rhagen

New York, United States

A

Andrew22

Hopewell PA, United States

J

jlee928

Jacksonville, United States

Winona

Yakima, United States

JTShorty

Gorham, Maine, United States

D

dpvidal

Eindhoven, Netherlands

O

Odysseus

Auckland, New Zealand

B

bagheera

Vienna, Austria

jan73

Eugene, United States

lemonadestand

Brisbane, Australia

T

tlsbreck

United States

S

SnifferTheBunny

Brighton, United Kingdom

M

Mieli

Kotka, Finland

ibc123

Seattle, United States

B

Badass78camaro

Mohnton, Pa, United States

E

elkocsis

Kirkland, United States

B

BearLa

Indianapolis, United States

Garry Tan

San Francisco, California, United States

I

ImSirFing

United States

C

Csquared

United States

D

dajja

Stockholm, Sweden

Arjan Geven

Vienna, Austria

G

guiambros

United States

T

thegreek1020

San Jose, United States

C

chrishol

United States

T

tlbtlbtlb

United States

camden01

Connecticut, United States

C

CRR7x

United States

C

ConanGreer

United States

N

NateKettles

South Africa

Paul Buchheit

Mountain View, United States

F

FSO

Canada

R

RosieWatrs

United States

Jacqueline Gueye

Melbourne, Australia

L

leftyoctober

Minneapolis, United States

S

sarah4d2

Saint Louis, United States

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

chriseyre

Fremont, Ca, United States

S

simonthompson99

United Kingdom

L

luckiestmonkey

United States

AndrewNeu

Ho Chi Minh, Vietnam

H

HLCharityFund

United Kingdom

Mun

Orlando, FL, United States

Grant Xavier Storer

Seattle, Wa, United States

R

radhapatel

United States

A

afrakhan

United Kingdom

G

Gfunkey

United States

M

maddierae93

United States

H

hayek

Stuttgart, Germany

M

Millie_and_Babs

United Kingdom

Vitus

Czech Republic

S

StefanB

Stockholm, Sweden

S

Schwartz

United States

R

rokbe

Netherlands

M

mcgeefamilyny

United States

M

Meral

Germany

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

T

Tony1

Australia

R

rchissom

United States

alecors

Mexico, Mexico

A

andreab

United States

J

Jack123

United States

C

ChanukahG

United States

JP

James Parker

Sacramento, United States

RJ

Ryan J Cotton

United States

Michelle

Sydney, Australia

P

pombo

United States

E

Erich

Zurich, Switzerland

D

Doug

Baltimore, United States

S

Sebastian

Dortmund, Germany

MJ

Matt Jenkins

United Kingdom

Jerome

Switzerland

S

Steve

United States

U

Ulrich

Switzerland

MW

Matt Willis

United States

P

Patty

Colorado Springs, United States

JD

Jo Dane

Melbourne, Australia

Dominik Wagner

Karlsruhe, Germany

Elly

Woudrichem, United Kingdom

Kristina Speed

Seattle, WA, United States

BS

Bart Sturm

Amsterdam, Brazil

Deb Fox

Melbourne, Australia

wissam

Jeddah, Saudi Arabia

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

Loading...

Loading...

Loading...