Name
Bismark
Member since
January 2018
On-time repayments
28 installments • 25%
I started my childhood education at Knust primary. When I started school,things were all going on as in the course of the schooling my father lost his job and as a result lead to financial problems in the house as a result affected my education. I had to struggle sometimes before I could get money for school. This went on gradually and I was able to complete my SHS level. Afterwards, I couldn't continue to the tertiary level so I started with pity trading as I save out of it to start a provision shop of which I am currently working.
I provide goods like soft drinks, milk, tin of milo, soaps, biscuits, bread for people to come in to purchase for consumption.
They are useful in demand , these things are always needed in the human life so people are timely topping in and out in buying and asking of one thing or another.
A tin of milk is 3cedis, milo-15cedis soaps some are 2 or 3cedis depending on the choice of the customer. The typical cost of revenue for now is 10percent as I wish to be increasing with time
When I receive this loan, I will buy more milk, milo, biscuits and other provisions stuffs needed in excess so that always my customers will be able to get their demands so as to help me to earn more profit. The price of milk is 3cedis that of milo is 15cedis and the rest depends on the quantity you wish to purchase.
This will really help me to be able to improve my shop and expand it in the near future. I expect my profitmargin to increase by relatively 5percentsince the starting loan is not that huge.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$21.00
Date disbursed
Jan 13, 2018
Repayment status
On Time
Projected term
4 months
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