Loan to start microfinance business for my villagers

Samuel

Kikam, Ghana

100% repaid

Entrepreneur

Name

Samuel

Member since

July 2017

On-time repayments

17 installments  •  71%

About Me

My name is Samuel Erzah, I was born at Kikam, a village in the western region of Ghana. I attended junior high school at Living stone Christian School at Esiama. Then I moved to Nsein Secondary school where I did Business Accounting. After passing my exams it warranted me to enter Cape Coast Technical University, Cape Coast where I did HND Accounting.
I'm currently doing my national service at Cocoa Marketing company.

My Business

I have been a business minded since childhood. I'm currently doing my national service at cocoa marketing company and wen I complete I have decided to start a small scale buying a selling business which will later grow to generate a lot of money for me and my family. I have realized that buying and selling businesses generate a lot of money for people and I have decided to go into it.
I would always be focused on the goods that will generate high income and also relying on investing the profits and zidisha on time repayments.
I would be trading on Mobile Mobile credit cards.

Loan Proposal

After completion of University, it has become my dream to open a microfinance to help the of my community. People in my village, Kikam, a small community in the ellembelle district in the western region of Ghana, has financial difficulties. Upon a small feasibility studies and research done in the village, I realised that the villagers require financial upgradement.
I have taken it upon myself to help the villagers by establishing a small or mini microfinance for the people. With this good idea I would like to take a loan from zidisha to finance this course. I will also lend to any interested person in need of money at 8% interest since zidisha is interest free but 5% service fee. Therefore I will be gaining a profit of 3% on each loan I give out.
This will help businesses in my community to improve and also the welfare of the people will be good.
I would like lenders on zidisha to help me with the amount requested to start this good work.
Thanks.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$45.00

Date disbursed

Sep 25, 2017

Repayment status

On Time

Projected term

6 weeks

Lenders

PG

Paul Graham

United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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