Loan to support drinking shop

Awua

Techiman, Ghana

100% repaid

Entrepreneur

Name

Awua

Member since

October 2016

On-time repayments

48 installments  •  81%

About Me

Am Awua Paul , was bornn in Techiman in the Brong Ahafo Region of Ghana.. Amj the fourtih born in a familyy of sevenn. My parentts weree not weill up and mostt of theiir incomee camee from farmingg which wasn'tt muchh promisingg. Wentt to Mairungi primary school, and latrer Techiman secondary school. Lateer I didd a certificate in Endj at St. Claire college in Ghanai. Afterr lookingg for a jobb withoutt successs for moree thann 2yearrs. I decidedj to startt a businesss of sellingg rice, soft drinks and bottled water.

My Business

I runn a businesss in Tena estatee, alongg Moi drivee. The businesss entails sale of rice, soft drinks and bottled water. I decidedd to ddo this businesss becausee I felt that peoplie mustt consume foodd, and also it fell withinn my budgett. Havee beenn doingg this for the pastt 7 years and the busineess hasn'tt beenn doingg veryy welil owingg to the expensess involvedd. Thesee includde payingg the shopp rentt, utilitty bills, other operatingg costts likee locall authoriity permitt and also I've to assistt my husbandd withh somee domestiic expensses. I am consideringg expandingg my scope, and stockk moree cereals, havee beenn doingg this for the pastt 6 years and the businesss hasn'tt been doingg very well owingg to the expensesj involvedi. i need to purchasej refrigerator to store my softt drinks.Thank you

Loan Proposal

. Am looking forward to acquire a new refrigerator to be storing ready to drink juices and bottled water that aren't products of the Coca-Cola company (they only allow their products in their refrigerators). A big spacious refrigerator in the market now is going for $450, and it will require to be secured with a lockable metal cage, this will cost about $110. This brings it to a total of $560. This is because customers are really demanding these drinks at temperatures lower than room temperature. This will increase sales since we always turn away such customers. This will also increase our profit by about 10%. Am looking forward to working with you guys. Thanks in advance and God bless you all.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$129.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

21 months

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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