Selling clean drinking water

Francis

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Francis

Member since

July 2016

On-time repayments

48 installments  •  69%

About Me

My name is Francis Adazabra. I am a Ghanaian from the northern region. I was born in the north and live much of my life out there till a family member who has travelled from north to Kumasi came for me to join him as helper. It wasnt easy when i joim him, this am saying because thimgs was not moving as i thought it was going to. He uses me and refuse to pay me the end of the month. Due to this sometimes what to even eat was a problem till God being so good a met a man one day who i talked to and decided to help me start up some some business. I started selling water by the roadside everyday and from that i was getting some little to buy food and also making sure i save the little i get. As things was moving,i gpt to a point where a friend linked me up to one water company where i was getting some water with my little savings i have made and selling infront of a friends shop. I did this for several years and one day the friend i sell infront of the shop decided to relocate his shop so gave out his old shop to me to use in selling my water. That was how i started with getting some huge interest that i could use get a little more suchey water to rely on.

My Business

i provide water in sachet. i deliver some to people during occations like wedding and birthday parties. i decided to choose this business because, as the saying goes
"water is life" no one in this world can ever live without water and fore that reason no matter how hard the economy may go people will still water to survive on. The price of eacg bag of water is 3cedis which i think from the rate people patronise in the buying of water if am giving a little chance to take more of it, i will gain much more interest and this can help my work grow.i would use the profit if am giving the loan out of it to expand my shop because i have the intension of attaching a provisional iteams to the shop but since the interest is not that huge is been pending.

Loan Proposal

When I am granted this loan I will purchase more water to be able to sell to my customers when they need. I will also buy coma to store some of the water chill so that when any of the customers need it chill they get it. I expect my profit margin to increase by 10%. The price of a bag of water is 4 cedis and I will be buying more so that I will get some in terms to shortage.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$101.00

Date disbursed

Apr 3, 2018

Repayment status

On Time

Projected term

21 months

Lenders

Scott

Oregon, United States

M

Margaret

United States

Claire Lewis

Wales Uk, United Kingdom

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