Loan to buy a new freezer for my provisions shop

Terry Amponsah

Kumasi, Ghana

50% repaid

Entrepreneur

Name

Terry Amponsah

Location

Kumasi, Ghana

On-time repayments

5 weekly installments  •  100%

About Me

My name is Terry Amponsah Frimpong. I come from a small town in the Kwabre East district of Ghana. I completed my basic education at ST. Joseph catholic school in my hometown. I had my secondary school at SIMSS college at Mamponteng. After school, I became a shop assistant at Rollex shoes and clothing center. Where I had knowledge in buying and sell. With this experience, I started a small grocery store from a shop I rented from a neighbor.

My Business

From a little savings I had, from being a shop assistant, I started a grocery store. My business since 2016 has seen some improvement. I lent good customer service so people feel happy when they buy from my shop especially the youth. As a means of helping the society, I give some of the goods on credit to people who are in need.

Loan Proposal

I am requesting for this loan to help me buy new freezer. I have the old second hand freezer that I use to sell water but unfortunately, it has broken down. The repairman has advised me to purchase new one instead of repairing the old one which consumes a lot of electricity.

Income Source

Most of the items that I trade are food. Food is a basic necessity so my shop is always running. I also sell water and drinks from my small freezer. These items are in high demand. Apart from these, I also sell baby diapers and they also make good market.

My Videos

Mar 1, 2021: Loan to stock my shop

Feedback

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Lenders

Benvenuto

United States

Loan Info

Disbursed amount

$129.82

Date disbursed

May 2, 2021

Repayment status

On Time

Projected term

2 weeks

Cost of loan

Service fee: 5% of $129.82 = $6.36

Credit risk payment: $18.20

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