Entrepreneur
Name
Yirkpeng
Member since
April 2015
On-time repayments
54 installments • 56%
About Me
I am Mallachi Yirkpeng, I grew up, attended both primary and JHS in a village called Tome in the upper west region. I furthered my education at SHS in another village called Lassie Tuolo and completed in 2005 in the same region. Due to financial problem, I could not proceed to the university though my results could take me to any of the public universities in Ghana. I had to migrate to Nkoranza in Brong Ahafo region to do sand winning to earn so as to continue my education.
I had it in mind that I will do business when I come to school. so my first semester I did a personal market survey purposely to identify a commodity that has effective demand and limited supply on campus and realized there were few smock sellers and were very expensive for students to afford. I quickly contacted a sizeable number of students for their views on the business and they gave me positive views. so during vacation I was doing my sand winning to get money for school fees, when school resumed, the money on me was not enough to cater for the fees and my upkeep on campus so I decided to try the business, to my surprise when I brought 10 smock shirts to campus, I earned more than 80% of the capital invested which I used to pay my fees continued the business. my next target is setting up a structure near the school so I can continue the business which the capital is not enough and that is why I want you to help me with the loan to finance the project. in fact the people here don't sew the smock but they fancy wearing it, they consider it unique though it is not part of their culture. their unique "Aboakyire " festival and kenkey are the cultural traits that help identify them.
I have been praised by many prominent people in my for my abilities because I became a president to a union "Tome Students' Union " which was 90% collapsed but I was able to revamp it by setting up various projects aimed at sustaining it, I have even gone afar to conquer some of the members to form a different union. I will like my children to business minded creative in all their dealings.
My Business
I buy and sell cattle from villages to cities which is very lucrative. I buy them at much cheaper prices as low as GHC 700 and sell in cities as much as GHC 1800 to GHC 2000
I now offer mobile money and credit transfer services in addition to my provision shop.
I also have sound systems which I rent out. I use the profit to reinvest.
I'm now thinking of buying canopies and chairs for rent and that is my next business target so please help me
Loan Proposal
I will this money to fertilizer to apply on my maize in my garden. i have chosen this business in addition to my smock sale business because, there has been an irregular rainfall pattern in the area, Nkoranza this year. this has spoiled many people farming business thereby discouraging them from taking part in it again. so there is definitely going to be shortage of maize in the town and its suburb and this will increase the price of maize because there is going to be less to be supplied in the market. that is why i have taken it upon myself to invest in it.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$84.00
Date disbursed
Jul 30, 2015
Repayment status
Late
Projected term
7 months
Other loans
Lenders
United States
Summary
Amount repaid
$94.75
Amount remaining
$0.00
Date repaid
Oct 15, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 9, 2015 | $12.50 | Aug 9, 2015 | $12.50 |
| Aug 16, 2015 | $2.50 | Aug 16, 2015 | $2.50 |
| Aug 23, 2015 | $2.50 | Aug 23, 2015 | $2.50 |
| Aug 30, 2015 | $2.50 | Aug 30, 2015 | $2.50 |
| Sep 6, 2015 | $2.50 | Sep 6, 2015 | $2.50 |
| Sep 13, 2015 | $2.50 | Sep 13, 2015 | $2.50 |
| Sep 20, 2015 | $2.50 | Sep 20, 2015 | $2.50 |
| Sep 27, 2015 | $2.50 | Sep 27, 2015 | $2.50 |
| Oct 4, 2015 | $2.50 | Oct 4, 2015 | $2.50 |
| Oct 11, 2015 | $2.50 | Oct 9, 2015 | $2.50 |
| Oct 18, 2015 | $2.50 | Oct 11, 2015 | $2.50 |
| Oct 25, 2015 | $2.50 | Oct 30, 2015 | $2.50 |
| Nov 1, 2015 | $2.50 | May 11, 2021 | $2.50 |
| Nov 8, 2015 | $2.50 | May 11, 2021 | $2.25 |
| May 19, 2021 | $0.25 | ||
| Nov 15, 2015 | $2.50 | May 19, 2021 | $2.25 |
| Jun 3, 2021 | $0.25 | ||
| Nov 22, 2015 | $2.50 | Jun 3, 2021 | $2.50 |
| Nov 29, 2015 | $2.50 | Jun 3, 2021 | $2.25 |
| Jun 3, 2021 | $0.25 | ||
| Dec 6, 2015 | $2.50 | Jun 3, 2021 | $2.50 |
| Dec 13, 2015 | $2.50 | Jun 3, 2021 | $2.50 |
| Dec 20, 2015 | $2.50 | Jun 3, 2021 | $2.50 |
| Dec 27, 2015 | $2.50 | Jun 3, 2021 | $2.50 |
| Jan 3, 2016 | $2.50 | Jun 3, 2021 | $2.50 |
| Jan 10, 2016 | $2.50 | Jun 3, 2021 | $2.50 |
| Jan 17, 2016 | $2.50 | Jun 3, 2021 | $2.25 |
| Oct 15, 2021 | $0.25 | ||
| Jan 24, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Jan 31, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Feb 7, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Feb 14, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Feb 21, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Feb 28, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Mar 6, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Mar 13, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Mar 20, 2016 | $2.50 | Oct 15, 2021 | $2.50 |
| Mar 27, 2016 | $2.25 | Oct 15, 2021 | $2.25 |
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