Micro lending to market women

Kwaku

Kumasi, Ghana

100% repaid

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.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$206.00

Date disbursed

May 4, 2015

Repayment status

On Time

Projected term

3 months

Lenders

investor

Candiac, Canada

DeanDropshot

Oslo, Norway

M

mpeters

New York, United States

Zidisha

Sterling, United States

M

mason243

Denver Colorado, United States

TheWhiteCat

Surrey, United Kingdom

beverly

Vancouver, Canada

R

rholden

glen iris, Australia

ads68

Melbourne, Australia

trackpal

Brighton, United Kingdom

fairspirit

Utrecht, Netherlands

Muslim

Riyadh, Saudi Arabia

M

marcmesich

Kaohsiung, Taiwan

Zal0m0n

Atlantis!!!! x), Mauritania

J

jumpfunky

Dortmund, Germany

C

Clben7

Cincinnati, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

J

Jmatasovsky

United States

P

plhughes

United States

S

sanfransec

San Francisco, CA, United States

mepster

San Francisco, Ca, United States

B

BobSloss

United States

I

idris

United States

N

Nicolaas

Doha, Qatar

ND

Nick DG

Exeter, United Kingdom

S

Symoneous

Netherlands

Gab

Singapore

TM

Theo Mbise

Switzerland

MW

Matt Willis

United States

Kate Courteau

United States

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