Mechanic shop

Acheampong Kennedy

Sokoban-kumasi, Ghana

100% repaid

Entrepreneur

Name

Acheampong Kennedy

Member since

October 2015

On-time repayments

155 installments  •  41%

About Me

I was given birth by Mr. and MissNicholas Boakye,who lives in Kumasi. I completed J. H. S, at Sokoban MA J.H.S and I further it at Kumasi Technical Institute (K. T. I), where offered Diesel and Heavy Duty. It was difficult but with Zidisha things are moving on smoothly.There are big rocks in my home town and is is not common here in Ghana. My children they said they will be doctors when they grew up and I've also assured them I will help them to achieve their goal. I was a table tennis player and I even represent my school when there is tournament.

My Business

I also sell parts like solenoid, filters and pressure release valve because am on the same field and I even completed school with the same course as a mechanic and at times it helps me to move on fast when ever am working and there is fault on that kind of parts, i found it easy to replace it because I already sell that kind of parts. I chose that business because am on the same field. I spend about ten thousand Ghana cedis each time I want to by parts. I used the profit to help my children in their school and I also save some for their future.

Loan Proposal

It meanly repairs and maintenance of heavy duty equipment’s like caterpillars, graders and etc. But i do not have a shop so I do it upon request then the person pays for spare parts used or they buy themselves and I fix for them.
it is a good job but sometimes the problem I do encounter is the parts to work with sometime you need to go to a fault with some part to help you do your work quicker and since I do not have enough capital i buy them as per request .I am into this business because with this I am able to manage everything by myself and keep good eye on my money and know what to do at any time and it less time consuming.
And the profit is sometimes channeled back to business but sometimes to assist my siblings with their education.
the cost of the business depends much on the fault or the parts to fix the fault and the profit margin too is not much because I always want to beat price to maintain customer’s and since i do not run a shop, i do consider it to reduce my charges. And because my capital is not much i do sometimes have many job to attend to but i have to pay for the spare parts I took first to enable the shop to credit me again.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$362.00

Date disbursed

Jun 28, 2016

Repayment status

On Time

Projected term

4 months

Lenders

A

anonymus

Moon, United States

E

Elisa

Espoo, Finland

B

blahblah

Nuernberg, Germany

athomas

Chevy Chase, United States

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

M

mtaylor

Houston, United States

T

Taupe

Balzers, Liechtenstein

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mojobob

Hayward, United States

H

Habroukema

Austin, United States

Evan Lamos

Brussels, Belgium

dlpringle

Denver, United States

T

thebonseung

Republic of Korea

Paul Buchheit

Mountain View, United States

F

FSO

Canada

mepster

San Francisco, Ca, United States

Loungin

United States

C

Crainster

Chapel Hill, United States

Mark

Nijmegen, Netherlands

Dean Cress

United States

C

Chitti421

United States

T

thedan33

Czech Republic

George

Corvallis, Oregon, United States

CNV

United States

Paul Smithson

Leeds, United Kingdom

N

Nino

Switzerland

DM

Dimitri Malarme

Brussels, Belgium, Belgium

Elise E

United States

Y

YTSJ

London, United Kingdom

D

Dermo

Dublin, Ireland

B

Boris

Bern, Switzerland

K

Kenny

United States

GA

Giovanni and Yelena

New York, Ny, United States

J

Jon

United States

Humble Bundle Community

San Francisco, United States

NM

Nitya Marepally

San Ramon, CA, United States

Day Family

Melbourne, Australia

VC

Victor Chong

United States

PW

Patrick White

Albuquerque, NM, United States

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

A

Anonymous

United States

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Summary

Amount repaid

$380.26

Amount remaining

$0.00

Date repaid

Nov 10, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 7, 2016 $20.67 Jul 10, 2016 $20.67
Jul 14, 2016 $20.67 Jul 27, 2016 $20.67
Jul 21, 2016 $20.67 Jul 27, 2016 $20.67
Jul 28, 2016 $20.67 Aug 4, 2016 $20.67
Aug 4, 2016 $20.67 Aug 10, 2016 $20.67
Aug 11, 2016 $20.67 Aug 29, 2016 $20.67
Aug 18, 2016 $20.67 Aug 29, 2016 $20.67
Aug 25, 2016 $20.67 Aug 29, 2016 $20.67
Sep 1, 2016 $20.67 Sep 10, 2016 $20.67
Sep 8, 2016 $20.67 Sep 10, 2016 $20.67
Sep 15, 2016 $20.67 Sep 25, 2016 $20.67
Sep 22, 2016 $20.67 Sep 25, 2016 $20.67
Sep 29, 2016 $20.67 Oct 7, 2016 $20.67
Oct 6, 2016 $20.67 Oct 7, 2016 $20.67
Oct 13, 2016 $20.67 Oct 20, 2016 $20.67
Oct 20, 2016 $20.67 Oct 20, 2016 $20.67
Oct 27, 2016 $20.67 Nov 3, 2016 $20.67
Nov 3, 2016 $20.67 Nov 3, 2016 $20.67
Nov 10, 2016 $8.27 Nov 10, 2016 $8.27

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