Loan to sell foodstuffs

Stella Dansoa

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Stella Dansoa

Member since

March 2021

On-time repayments

3 installments  •  67%

About Me

Dansoa Stella is my name from Kwadaso in Ashanti region of Ghana. I was able to complete J.H.S and due to financial difficulty I was not able to continue my education. I used to help my mother in the market and for that matter my mother teach me how to trade. When I was 22years of age, my mother fall stick and things became very hard for my sisters and I, so I decided to trade on behave of my mother and the profit I make was used to take care of my mother and my sisters. I got marriage and my husband supported me with a capital of 500ghs of which I was able to grow my capital to 1000ghs and my husband supported me to buy our land from the profit I make from the trade.

My Business

I sell food staffs at kwadaso market and some of the food staffs I sell are cassava, yam and plantain. I usually go to the village and buy my food staffs. The price of food staffs in the village are very low of which I buy and sell it in the city to make profit. without food human begins can not live and this made me choose to sell food staffs. I started this business with 500ghs and when I started the business, I was able to make a total sales of 800ghs every three days but any time I increase my capital I would see that my profit has also increase. I use my profit to support my family and also give help to the needy when the needs arise.

Loan Proposal

I need this loan in addition to my capital to sell food staffs. I sell cassava, yam and plantain at the market and I need this loan as additional to my capital to help me increase my stock.

Income Source

I will pay and incase of risk I will pay back the loan with the profit I make from my other business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$62.90

Date disbursed

Mar 20, 2021

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $2.15

Credit risk payment: $4.43

Optional expediting fee: $4.43

Lenders

Seppo Ruohonen

Vantaa, Finland

Tim

Utrecht, Netherlands

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