Loan to stock my shop and to complete my permanent building

Margaret

Berekum, Ghana

100% repaid

Entrepreneur

Name

Margaret

Member since

November 2015

On-time repayments

121 installments  •  67%

About Me

I am rarely known by the name Margaret Kyeremaa; this is because people normally call me Madam Business. Life has not been easy before the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region of Ghana. I completed basic school in one of the schools in the town and furthered to finish secondary school. After completion, and hoping to further the breadwinner of my family, my father lost his job and this led to thinking and stress and later he lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying for success on hope and miracles. I started some petty trading whereby I sell on the streets and to various homes. This led to further initiative to open my small store at a vantage point to attract customers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education, hence I decided to enter into business for survival. In our part of the world, it is difficult to excel in business since there is no motivation and resource development. Business, on the other hand to education, is the establishment of oneself to the benefit of the society, Both the initiator and the environment receives benefit.

My store is located in Berekum, a town in the Brong Ahafo. The specific location is at Kyiribaa where I sell daily consumables like breakfast products, detergents and provisions. These products that I retail to my community are very useful because people use them daily. That is why I have named it daily consumables. Their demand is very urgent, for example: sugar, toilet roll, bread, milk, soap, etc.

Cost and revenue functions are important in establishing how profitable the business is. My capital was very little since I started the business with 1000 Ghanaian Cedis 3 years ago. With the help of Zidisha, I have been able to raise the stock and asset level to 3500 Ghanaian Cedis now. My expenses are: my daily consumables, utility bills and a helping hand I give to my younger brother and sister for their school fees. Some investment has been made with the remaining profit in purchasing of secondhand clothing and reselling it. These clothes are highly purchased in our part of the world. I have started and the business is moving on smoothly.

Loan Proposal

have requested a loan amount of a littlee over 1800 and wish to state categorically that the loan will be invested in above stated aim. i am about to complete my permanent structure and know this loan if approved will go a long way to help me with the finishing. moreover i want to invest part of the loan in stcking my shop since am short of some new products in the discipline of detergents and daily milk for domestic consumption.
The profit generated will be used to cater for my nuclear family and some urshered into payment of the above loan. hope myloan will be approved soon

Show original English  

About Me

I am rearly known by the name Margaret Kyeremaa this is because people normally call me madam business. Life has not been easy fore less the intervention of Zidisha and its noble lenders. I started life in a town called Berekum in the Brong Ahafo Region Ghana. I completedy basic school in one of the schools in the townand furthered to finish Secondary school. After completion and hoping to further the bread winner of my family thus father lost his job and this lead to thinking and stress and later lost his life as well. It was not easy for our family since none of my siblings was able to finish school. We all started to fight for ourselves in life and relying sucess on hope and miracles. I started some petty trading whereby i sell on the streets and various homes. This lead to further initiative to open my small store at a vantage point in Other yo attract cuatomers and buyers. I hope to further my education anytime soon since business is picking up now.

My Business

Life treated me badly on the part of education hence i decided to enter into business for survival.In our part of the world, is difficult to excel in business simce there are no motivation and resource development. Business on the other hand to education is the establishment of oneself to the benefit of the society with which both the initiator and the environment receives benefit. My store is located in Berekum a town in the Brong Ahafo. Specific location is at Kyiribaa where by i sell daily consumables like breakfast products, detergents and provisions. These products i retail to my community are very useful because they use them daily that i why i have named it dily consumables. Their demand is very urgent example sugar, toilet roll, bread, milk, soap, etc. Cost and reenue functions are important in establishing how profitable or loss the business is. My capital was very less since i started the business with 250$ 3 years ago. With the help of zidisha i have been able to raise the stock and Asset level to about 900 US dollars as at now. My expenses are my daily consumables, utility bills and a helping hand i give to my younger brother and sister thus their school fees.Some investment are been made with the remaining profit in purchasing of secomd hand clothing and reselling. These clothing are highly purchased in our part of the world. Have started and business is moving on smoothly. I have opened a new store where i sell this clothing. I would like to purchase a bale of clothing which cost about 700 US dollars. After sales the principal and the profit is estimated about 100 dollars which is a good business.

Loan Proposal

have requested a loan amount of a littlee over 1800 and wish to state categorically that the loan will be invested in above stated aim. i am about to complete my permanent structure and know this loan if approved will go a long way to help me with the finishing. moreover i want to invest part of the loan in stcking my shop since am short of some new products in the discipline of detergents and daily milk for domestic consumption.
The profit generated will be used to cater for my nuclear family and some urshered into payment of the above loan. hope myloan will be approved soon

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$438.00

Date disbursed

Jul 20, 2017

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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  • Phillip Lenient    Jan 21, 2019

    I have been trying to reach Margaret but her phone is off. I called her inviter Richard and he said its been a long time he heard from her so he will try and contact and get back to me. I will still follow up and let lenders know. Thank you

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  • Margaret    Sep 27, 2018

    Facing some business challenges for now, reducing installment amount for now so i can rebounce back. Thanks

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  • Margaret    Jul 13, 2018

    Is rainy season and do not have a permanent place of Selling hence do not usually market when it raining.hope by a month time I can make normal repayment thank you

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  • Margaret    Jun 3, 2018

    Business is slow now and hope it picks up soon

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  • Margaret    May 3, 2018

    I received an amount of 1554 Ghana cedis and was able to order two bales of clothing for resale. I thank Zidisha and its kind lenders for the opportunity given me this time too. Appreciated

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  • Margaret    Apr 20, 2018

    Will purchase bales of second hand clothing for resale. The loan will help me to expand my business which will enable me to cater for my family. I wish to use this opportunity to thank noble lenders in helping me raise this my loan

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  • Margaret    Apr 19, 2018

    Hi lenders a loan is posted to help in my second hand clothing business, hope it will be financed soon

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  • Margaret    Apr 9, 2018

    Hi Zidisha lenders, the loan loan is still running and your help is needed for funding. Five days more hope you will do as usual thank you.

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  • Margaret    Apr 2, 2018

    Hi noble lenders, your help is needed for the funding of my loan. Hope you will lend this time too.

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  • Margaret    Mar 28, 2018

    Hello lenders, my second hand clothing business need your help. A loan is posted and is needed to purchase goods for resale. Thank you

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  • Margaret    Mar 10, 2018

    Lenders the loan is not yet funded. Only a day left kindly do as usuall. Thanks

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  • Margaret    Mar 3, 2018

    Happy weekends noble lenders, want to ise this opportunity to highlight that a loan has been posted. Waiting for your kind gesture thank you

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  • Margaret    Feb 24, 2018

    My revious loan has gone a long way to change my life. My store is improving and all credit goes to Zidisha and its noble lenders. I celebrate you

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  • Margaret    Feb 23, 2018

    Thanks Zidisha team and noble lenders, full payment have been made since the problem with my number and mtn which is the service provider has been resolved.
    Thanks for the patience and your kind gestures

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  • Margaret    Jan 22, 2018

    Was having challenges with my mobile payment provider, this delayed the payments.
    Luckily, problem has been solved and am paying all the arrears

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  • Margaret    Nov 6, 2017

    I wish to reduce my payment to 100 cedis for the following two weeks due to renovation works done on my shop. Have closed down to pave way for renovation works, very prudent. Thank you

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  • Margaret    Oct 22, 2017

    Hello zidisha team and noble lenders, i appreciate the efforts you have shown me and thanks for the loan.
    I will purchase the products as said and stick my shop

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  • Margaret    Oct 16, 2017

    As said earlier, will purchase the said products to stock my shop.
    This amount can help me build the customer base relationship since my customers can have almost all they want in my shop.
    I would also use this opportunity to thank the zidisha team and also the noble lenders for their kind gestures.

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  • Margaret    Oct 10, 2017

    hello noble lenders, is another moment where your help is needed to raise this loan. counting on your support this time too. thank you

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  • Margaret    Oct 4, 2017

    is been a good season this time, the loan took has a major breakthrough in my life. the profit has been able to change lifes and the purpose of zidisha have seen the light. thanks to them and their noble lenders

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