Gyau
Wamfie, Ghana
100% repaid
Name
Gyau
Member since
January 2017
On-time repayments
12 installments • 100%
My name is Gyau Dennie a second born of three Children, unfortunately my father passed away when I was twelve years old. My mother and my uncle took care of me through my secondary school education. After my father's departure ,life turned upside down for me and I had to enter into pety trading to support my mother since the eldest of us had traveled to Europe by foot, for about years now we have not heard of him.Later my uncle stepped in to assist on our education but since he was also haven a family, he could not do more. After my secondary education, I wanted to become a professional teacher so I used some o
I started my business of small trading when I was in secondary school ,I sell plastic bowls, spoons,and some kitchen equipments. I started which I got from my father's funeral donations. During weekends and vacations, I move from house to house to give my products on credit basis so that I will come for my returns the following weekend. People are very happy the way I give items out for them to get grace period for payment and my business is growing and at times some people pay already cash for their items.I choose this type of business because I was not haven a huge Capital to start any other business and also I wanted to do a type of business in addition to my studies. It does not require a huge capital but profit margin is good,for at times I earn $80 to $85 a month. I use most of my profit to pay my tuition fees
I will use it to pay my tuition fees for 2016/2017 academic year so that I will invest my business profit in my business. After investing my profit in the business i expect my profit to increase so that i will use it to repay the loan.
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$8.00
Date disbursed
Jan 24, 2017
Repayment status
On Time
Projected term
7 months
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