New motorcycle and parts for my business
Ernest
Kumasi, Ghana
100% repaid
Entrepreneur
Name
Ernest
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
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
$671.00
Date disbursed
Jun 9, 2017
Repayment status
On Time
Projected term
6 months
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