New motorcycle and parts for my business

Ernest Berko

Kumasi, Ghana

100% repaid

Entrepreneur

Name

Ernest Berko

Member since

August 2015

On-time repayments

224 installments  •  81%

About Me

I am Ernest Berko Mensah from Mampong Kofiase in Ashanti region. I have completed Sunyani Polytechnic University. My parents are Mr. And Mrs. Oppong Mensah. Currently, I am living at Kumasi Tafo. I like doing things the way other people do it but I have always wanted, myself, to be different from other people. I like reading books such as investment, motivational and human relation books.

My Business

The money from a previous loan helped me to buy more equipment for my consulting firm. I advise people on how to establish their own businesses. Most people find it difficult in our country to operate businesses by themselves. Through your loans, you gave me the ability to help about twenty five people who have gotten their own businesses now. (I also used some of the loan to pay my brothers' school fees.) Besides that, I am also working on motorcycle spare parts. I was able buy 3 new ones. My profits have increased by 40%. Thank you for that loan.

Loan Proposal

I will buy one new motorcycle which will cost 385 dollars and i will buy three different types of the motor parts which is helmet 100 dollars, motor tyre 120 dollars and motor seat 45 dollars) the rest will be use for transport and backup for the company. I will benefit from this loan by keeping on paying my brother school fees and also employing additional one person. I believe that my profit margin will increase from 50% to 70% thank you lenders

Show original English  

About Me

I am Ernest Berko Mensah from Mampong Kofiase in Ashanti region.
i have complete sunyani polytechnic. My parents are Mr. And Mrs Oppong Mensah. Currently am leaving at Kumasi Tafo. I like doing things the way people do it but always wanted my to be different from other people. I like reading books such as investment, motivational and human relation books

My Business

I will expend the motorcycle business of which I am going to buy additional ones. I will buy new motorcycle parts because the people in area need it more. Aside that there are a lot peoples motorcycle which has destroy and it needs to be repairs and replacement. Our company has been the best for them. Notwithstanding there has been improvement in the business for the past four years. I believe if you grant me this amount am looking for the business will move in a fast growth.

Loan Proposal

I will buy one new motorcycle which will cost 385 dollars and i will buy three different types of the motor parts which is helmet 100 dollars, motor tyre 120 dollars and motor seat 45 dollars) the rest will be use for transport and backup for the company. I will benefit from this loan by keeping on paying my brother school fees and also employing additional one person. I believe that my profit margin will increase from 50% to 70% thank you lenders

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Loan Info

Project Type

Classic Loan

Disbursed amount

$670.69

Date disbursed

Jun 9, 2017

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $17.73

Lenders

T

Tmann

Los Angeles, United States

X

xander

Plainfield, Vermont, United States

S

Snick

Halle, Germany

C

Christian

Saarbruecken, Germany

O

Oliver

Geneva, Switzerland

T

Tallago3

Munich, Germany

Pere

Barcelona, Spain

J

JakeA

Wellington, New Zealand

athomas

Chevy Chase, United States

V

vaglio

Vaglio, Switzerland

G

Goodwill

Oakland, United States

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

Bhayl

Stavanger, Norway

T

Tui1974

nuenen, Netherlands

D

dannimw

Victoria BC, United Kingdom

A

Andy

Berlin, United States

hugomesser

Blokker, Netherlands

MichaelOsburg

Hochheim, Germany

R

RCHeying

Marietta, United States

F

Forfex

Zurich, Switzerland

mojobob

Hayward, United States

O

Ohio

Ohio, United States

lizandsteve

guelph, Canada

C

Clben7

Cincinnati, United States

sderickson

Berkeley, CA, United States

D

drorm

United States

O

osubucks45

United States

R

roozbeh

United States

Paul Buchheit

Mountain View, United States

V

valiy

Switzerland

D

DandS

United States

Gipsy

Munich, Germany

TyWee

Manila, Philippines

B

bscent

Hong Kong

V

vbud

United States

Loungin

United States

S

sarahb

United States

K

KiraDee

United States

Otto Barten

Amsterdam, Netherlands

S

satheajay

United States

PolarBearCapital

United States

SuperMario28

Cudahy, United States

Mike and Jacqui

United Kingdom

E

Erich

Zurich, Switzerland

Gab

Singapore

C

Carol

Falmouth, United States

MD

Miles Dodge

CORVALLIS, United States

Dominik Wagner

Karlsruhe, Germany

B

Beth

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

JK

Hamburg, Germany

Kevin

San Francisco, United States

V

Vivek

Arlington, VA, United States

TH

tom hd

United Kingdom

PG

Paul Graham

United States

Rose Rodent

Scotland, United Kingdom

AK

Achim Königs

Bonn, Germany

Tobias Königs

Sancta Colonia Dei Gratia Romanae Ecclesiae Fidelis Filia, Germany

R

Ryan

United States

Rory McLaughlin

Dallas, United States

I

isaac

United Kingdom

Myria

New Mexico, United States

JA

Jan Andresen

Hamburg, Germany

MM

Matyas Matyas

Budapest, Romania

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

SH

Stephanie He

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

BR

Brandon Ross

United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Jean Wren Chan

United States

GS

Gary Sinard

Franklin, TN, United States

R

Robert

Netherlands

M

Mack

Harbor, Oregon, United States

Christian

Vienna, Austria

Pakistan

R

RMIM

United States

A

Anabell

Elizabeth, United States

Mike

Indianapolis, United States

DW

Dan Winetsky

United States

WC

Walter Clarke

Phoenix, United States

Victoria Keenan

East Anglia, United Kingdom

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

AB

Ashira Blazer

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

United States

MW

Matt Winkler

United States, Canada

R

Ryan

United States

N

noah

Israel

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