Francis
Kumasi, Ghana
$0 to go
100% funded of $139 goal
0
days left
Name
Francis
Member since
July 2016
On-time repayments
48 installments • 69%
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.
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.
When I am granted this loan, I intend to purchase more water in packs to fill my shop
I will also buy refrigerator to be able keep in some of the water in a cool state.
The price of a pack of water is 3.00cedis and the price of a refrigerator is 400cedis.
I again buy credit cards to sell to gain interest in addition.
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$139.00
Date disbursed
Aug 30, 2018
Repayment status
Late
Projected term
2 months
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Margaret May 30, 2018
Margaret Apr 1, 2018
Margaret Feb 9, 2018
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