Business selling electronics/appliances for the home
Leticia
Prestea, Ghana
100% repaid
Entrepreneur
Name
Leticia
Member since
January 2017
On-time repayments
40 installments • 100%
About Me
Leticia Ackom is my name. I am 31 yeas old. I reside Prestea in the western region of Ghana. I completed JHS where I was the Girls prefect from the lower primary to the upper primary as well as the JHS level bcause I was brilliant, humble and honest. After JHS due to financial constraint I couldn't continue schooling. My era of business began. I started Home and office appliances business with the aid of a distributor who agreed to give me stock on credit. That business became successful due to the high demand by customers. I am a single parent with two(2) child. They want to be teacher and a doctor. I like reading which I have inculcated into my children.
My Business
I deal in appliances both office and home. Goods that I provide are standing fans, electric fans, kettles, glass center table, chest freezer, electric blender, electric irons, extension board, multi socket etc. These goods are in high demand because I am the only person in my area dealing in home appliances. Also the place being an industrial area favours my business to flourish. Workers buy goods on daily basis. My cost of doing business is $5000. Currently half of my stock is on credit basis. I am reinvesting part of my profit to offset that credit. Part of the profit goes into catering of my children.
Loan Proposal
Thanks, I will use the money to purchase 40 electric irons, 20 Pieces TV stands, 20 pieces center tables , 10 pieces of electric blender, water kettle ,etc. I believed this loan will increase my profit so that I can carter for my child education well.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,500.00
Date disbursed
Jul 10, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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