Micro lending to market women

Kwaku

Kumasi, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Kwaku

Member since

February 2015

On-time repayments

124 installments • 16%

About Me

I had my lower primary at a Public school and my upper primary at New Oxford International. I also had my Senior high education at Kumasi Anglican School all in Kumasi Ghana. I read Marketing in the tertiary.
After my senior high school days, my parents lost their jobs and I had to learn a trade. I was an electronic repairer. I used the money I was generating from the repairs to support my education in the tertiary. After my tertiary and God being so good, I had a job with a microfinance as a credit officerfor experience for a period of 3 years. With the experience I had there, I started operating my own business to support the petty traders.
In my country there are 10 regions and my region is the Ashanti Region. We the Ashanti's have a unique culture that is our kingship is the most respected and powerful in the country. My region is noted for gold and is the country's economical bedrock.
I love to watch documentaries, visit the Internet to learn new things and watching football.

My Business

I am into micro-crediting; lending to the average or lower income earners in the society (petty traders, hawkers). These are the people who are classified as non-bankable and lack proper records and collateral security in accessing for a credit facility from the traditional banks.
I chose this kind of business to help poverty elevation in the country and to give support to those in the lower income bracket.
I get my revenues from the interest and other fees.
The cost incurred are salaries, electricity, taxes, transportation and stationeries.
The profits are used to invest for the progress of my business.

Loan Proposal

If the loan amount is funded, it will help me to increase once again my capital and also my portfolio. I strongly believe that a client to whom I will give it out to will also be happy as zidisha n legacy will be, more over i make them aware of the source of the funds too.