Loan to run my fast food business

Racheal

Kumawu, Ghana

100% repaid

Entrepreneur

Name

Racheal

Member since

March 2021

On-time repayments

2 installments  •  50%

About Me

I am Wermader Racheal from Ghana in West Africa. Am a christian, married with children and my kids want to become lawyers in future. My dream of becoming a teacher didn't come through because I could't continue my education after SHS. I started my business by borrowing from my father and I have repaid his money in full.

My Business

I operate a fast food joint called Rahis fast food at where I stay and I sell food like fried rice, jollof, chicken etc at the lorry terminal. It help me get some money to sponsor my relatives and also add to my capital to make it increase. I entered into this business because the sale of food is very lucrative. I incur an expenses of GHS 3500 and an estimated revenue of GHS 5500

Loan Proposal

I own a fast food joint and I will sell food with the loan, it will help me to increase my stock and help increase my profit. This will help my customers get food to buy anytime they visit my joint.

Income Source

Selling of food generates money and there is a lesser risk, but in case of any risk I will repay with profit from my other business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Apr 22, 2021

Repayment status

On Time

Projected term

1 week

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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