Name
Hayford
Member since
March 2021
On-time repayments
23 installments • 87%
I am Adu Gyamfi Hayford a cold store operator and sachet water supply here in Accra, Ghana and have two kids. I
Currently run a cold store and with one staff. Am Fair in complexion and 5.2m tall with a diploma in computer science. In 2012 I got employed to Game stores a massmart subsidy and as a salesman, resigned in to start my own business on 15/10/2020 . So far I have invested Ghc4200 which I have make Ghc805 savings from the capital invested in stocking.
Cold Store:
I want to buy more goods to stock it so that I can sell varieties of cold meat to expand my business. My area (sowutuom) has a high patronage of cold meat even though I can not meet the demands of varieties of cold meat therefore when the loan is approved I can stock more of the cold meat to meet demand and yield more income and open mini branches to other sub-areas to create job for sales personal in future: Samon fish,Cow meat,Goat meat, redfish and Tuna and gizzard.
Source of income
I run the cold store full time 24/7, and have 1 worker employed with few boxes of cold meat u make all my profit with no loss at all, I have a 6kg generator to back my power in case lights go out. I make Ghc160 daily. And with loan to top up my capital I will make more income from this business food sells everyday here in my Area to enable my repay my loan and also increase sales.
Loan request
I humbly request a fund of GhC65000 to increase my stock to meet demand for profitability.
The loan would be used to increase my meat stock up to meet customers demand.. I cannot meet the high demand of stock for my customers due to lack of enough capital. Therefore when this loan is granted I will use to buy more stock (Gizzard) to expand my business and payback easily. I have a good location but less capital. I need a variety of stock.
I can payback easily because sales is doing well at where am situated. Within the stipulated weeks I can meet the payment schedule. Therefore if the loan is granted I will use it to buy stock for the business and generate more income. Paying will not be a problem because my business poses no risk.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$31.00
Date disbursed
Jun 14, 2021
Repayment status
On Time
Projected term
5 weeks
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