Loan to buy a new freezer for my provisions shop

Terry

Kumasi, Ghana

100% repaid

Follow Terry

How it Works

Entrepreneur

Name

Terry

Member since

February 2021

On-time repayments

31 installments • 55%

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

Positive

Neutral

None

Negative

None

Benvenuto May 15, 2021

Paid ahead of schedule, and was really engaging and appreciative. I would be more than happy to lend to Terry again in the future.

Log in to reply • Share
Jessica Mar 22, 2021

Thanks for repaying your loan

Log in to reply • Share

Loan Info

Project Type

Classic Loan

Disbursed amount

$129.00

Date disbursed

May 2, 2021

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Benvenuto

United States

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

Please log in to comment.

Terry Jul 21, 2021

I have given some of my products to my customers on credit and the money is not yet ready.

Log in to reply • Share
Terry Jul 6, 2021

I thank my lenders for funding my loan. it will help me to buy bottled water and soft drinks in bulk for trading.

Log in to reply • Share
Terry Jun 3, 2021

I would like to show my appreciation to my lenders for finding my loan. The loan helped me to purchase freezer which I use to sell water and soft drinks. I thank my lenders and Zidisha very much.

Log in to reply • Share
Terry May 22, 2021

Thank you very much Wisdom2080 for your encouragement. The loan will help me to pay for the freezer. I really appreciate your support.

Log in to reply • Share
W
wisdom2080 May 18, 2021

Hope your shop can earn more profit and give back more to the community. Can you save money on electricity and improve your profits? God bless you and your store :D

Log in to reply • Share
Terry May 18, 2021

The loan I have completed helped me to make part payment of a freezer I purchased on credit. My old fridge got spoiled and I needed a new one but didn't have the finance to buy it so I took it on credit.

Log in to reply • Share
Terry May 6, 2021

Terry Amponsah May 6, 2021

I thank my lenders for the loan they have granted me. The loan has helped me to purchase new freezer to replace the old one which got spoiled. I acquired the freezer on credit base. I hope the future loan from zidisha will help me to pay for it. I am very much grateful to my lenders.

Log in to reply • Share

Benvenuto likes this.
Terry May 6, 2021

I thank my lenders for the loan they have granted me. The loan has helped me to purchase new freezer to replace the old one which got spoiled. I acquired the freezer on credit base. I hope the future loan from zidisha will help me to pay for it. I am very much grateful to my lenders.

Log in to reply • Share
Terry May 2, 2021

Oh God bless you Benvenuto. I really appreciate have you've done for me. It will me to purchase the freezer for my shop. Thanks to you and zidisha.

Log in to reply • Share

Benvenuto likes this.
Benvenuto May 1, 2021

I am proud to help a good man like you. I hope this loan helps your business and all the youth you work with in your community.

Log in to reply • Share
Terry Apr 26, 2021

I want to show much appreciated to my lenders for the loan they granted me. The loan helped me increase my stock white oats and baby diapers. If fact, when I was able to buy these items in bulk, it helped me save money because it protected me against inflation and also increase my profit.

Log in to reply • Share
Terry Apr 17, 2021

I want to take this opportunity to thank my lenders for GHS 340 loan they granted me. I helped me a lot to stock my shop with non alcoholic drinks, energy drinks and white oats. I really appreciate their support.

Log in to reply • Share
Terry Mar 23, 2021

I thank you all my lenders for the kindness shown to me most especially Tomasz, Craig, JonB, Grant Xavier, Ravi Had, glomardor, Ajay and Jake Gibson. This loan will help me to stock my shop. Thank you all.

Log in to reply • Share
Terry Mar 22, 2021

Much thanks to zidisha and my lenders for the loan they granted me. The loan was used to purchase white oats which is different from the brand I had already. Thanks for your support for my business.

Log in to reply • Share
Terry Mar 2, 2021

I thank my lenders very much especially Jessica for funding my loan. It will help me to buy baby diapers, white oats and mosquito coil to stock my shop.

Log in to reply • Share

Jessica likes this.
Jessica Mar 2, 2021

Good luck with your business Terry

Log in to reply • Share