Motorcycle for resale

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 3 new motor cycle which will cost 230 dollars per one so the three will cost 690 dollars. I will buy parts of the motorcycle which will also cost 500 dollars. Oil's for for the old motorcycle will cost 250 dollars. The rest will be use for for transportation and allowance that will also cost 25 dollars. I will get addition profit to my business besides I will employ two new staffs to help the growth of the motorcycle business who is located at kumasi Tafo. I think if all things been equal my profit will increase by 70%. However for the past three years experience in the industry it has helped me a lot and I believe if am grant to this loan thing will be multiply both on my side and on the side he workers. Thanks to you all leaders.

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 3 new motor cycle which will cost 230 dollars per one so the three will cost 690 dollars. I will buy parts of the motorcycle which will also cost 500 dollars. Oil's for for the old motorcycle will cost 250 dollars. The rest will be use for for transportation and allowance that will also cost 25 dollars. I will get addition profit to my business besides I will employ two new staffs to help the growth of the motorcycle business who is located at kumasi Tafo. I think if all things been equal my profit will increase by 70%. However for the past three years experience in the industry it has helped me a lot and I believe if am grant to this loan thing will be multiply both on my side and on the side he workers. Thanks to you all leaders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,471.00

Date disbursed

Apr 30, 2018

Repayment status

On Time

Projected term

6 months

Lenders

V

Vivek

Arlington, VA, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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