My mini restaurant business

Sarah

Madina, Accra, Ghana, Ghana

8% repaid

Entrepreneur

Name

Sarah

Member since

March 2015

On-time repayments

123 installments  •  75%

About Me

Sarah Ntsiful is my name. I am a Ghanaian. i had not all that a happy childhood but i am always grateful to my parents because anyhow they raised me was the best that they could do for me at that time given their financial strength. when i was a child i loved toys and i can still see that i love them except they are bigger toys now.
i am a high school graduate, i studied home economics in high school. so when it comes to cooking, that is my field.
My mother used to run a local chop bar, when i left school, i took it upon myself to run it for her since she was getting more older by the day. it was a decision i was scrutinized and humiliated about even by my own friends but i had faith in my own decision.
i took up this duty and today, DELIGHT CHOP BAR is one of the best if not the best in my locality. so i did not really had to start afresh i only took over from my sweet mother. Yet i had to take certain critical decisions at the work place since i have two workers helping me already. the dream is to expand it to a restaurant status and everyday when i walk in there in the morning, i remind myself of how we start with just two tables, myself and a cousin doing all the job and today, i have two workers and more than five tables with chairs for customers to sit on and eat.
i spend spare time reading books and listening to music. i love country music actually from Kenny Rodgers.
i have a dream to build the first restaurant in my locality and that quest is what has brought me on Zidisha platform today.

My Business

Delight chop bar, i operate a chop bar that serves local foods like fufu, Banku and soup and many others and also jollof rice and some few soft drinks as well.
People usually like to eat good food and the one in well hygienic environment like mine.i choose this kind of business because i saw an opportunity in growing something that my own mom have already started and also due to the high demand and the profit involved.
the truth is, since we are dealing with food, it is highly profitable. we make more than 50% profit on the expenditures we make daily. and this is a daily business. once you open the bar, people will surely come and eat.
Since i am not the sole owner of this business, although i take all the basic decisions, i am entitled to 60% of the profit and the rest goes to my mom and that is after deducting the wages of the two workers. i save 80% of my share of profit and live on 20%. i am happy for my mom since she can now fully rest whiles i run affairs at the Bar.

Loan Proposal

when my project is funded, I will use the
entire amount to purchase goods to help me
keep my mini restaurant running.
I will use $300 to buy ten mini bags of rice ..
I will use $60 for spices and cooking oil..
I will use $100 for local vegetables ..
I will use the remaining $40 for gas and washing
soap which the customers will use to wash
their hands and which I will also use some to
keep the place clean.
the effect of this will be that I will be kept in
business and my customers that come to eat
at my mini restaurant to have confidence in
my business. I will also make more profit as I fulfill my dream of Building a restaurant little by little.
thank you

Feedback

6

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,105.94

Date disbursed

Oct 21, 2016

Repayment status

Late

Projected term

61 months

Lenders

B

Bernhard

Baden - Baden, Germany

Kate Courteau

United States

J

John

United Kingdom

PG

Paul Graham

United States

KG

Kate Goodwin

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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Summary

Amount repaid

$83.59

Amount remaining

$1,022.35

Expected completion

Oct 29, 2017

Status

Repaying late

Installment amount

$42.69

Repayment History

Expected Payments Actual Payments
Oct 30, 2016 $12.86 Oct 31, 2016 $12.86
Nov 6, 2016 $12.86 Nov 6, 2016 $12.86
Nov 13, 2016 $12.86 Nov 16, 2016 $12.86
Nov 20, 2016 $12.86 Nov 21, 2016 $12.86
Nov 27, 2016 $1.29 Dec 5, 2016 $1.29
Dec 4, 2016 $1.29 Dec 5, 2016 $1.29
Dec 11, 2016 $1.29 Dec 13, 2016 $1.29
Dec 18, 2016 $1.29 Dec 13, 2016 $1.29
Dec 25, 2016 $1.29 Dec 23, 2016 $1.29
Jan 1, 2017 $1.29 Dec 23, 2016 $1.29
Jan 8, 2017 $1.29 Dec 23, 2016 $1.29
Jan 15, 2017 $1.29 Jan 6, 2017 $1.29
Jan 22, 2017 $1.29 Jan 6, 2017 $1.29
Jan 29, 2017 $1.29 Feb 8, 2017 $1.29
Feb 5, 2017 $1.29 Feb 8, 2017 $1.29
Feb 12, 2017 $1.29 Feb 8, 2017 $1.29
Feb 19, 2017 $1.29 Feb 17, 2017 $1.29
Feb 26, 2017 $1.29 Feb 17, 2017 $1.29
Mar 5, 2017 $1.29 Mar 8, 2017 $1.29
Mar 12, 2017 $1.29 Mar 8, 2017 $1.29
Mar 19, 2017 $1.29 Mar 21, 2017 $1.29
Mar 26, 2017 $1.29 Mar 21, 2017 $1.29
Apr 2, 2017 $1.29 Apr 1, 2017 $1.29
Apr 9, 2017 $1.29 Apr 1, 2017 $1.29
Apr 16, 2017 $1.29 Apr 26, 2017 $1.29
Apr 23, 2017 $1.29 Apr 26, 2017 $1.29
Apr 30, 2017 $1.29 May 5, 2017 $1.29
May 7, 2017 $1.29 May 18, 2017 $1.29
May 14, 2017 $1.29 May 18, 2017 $1.29
May 21, 2017 $42.69
May 28, 2017 $42.69
Jun 4, 2017 $42.69
Jun 11, 2017 $42.69
Jun 18, 2017 $42.69
Jun 25, 2017 $42.69
Jul 2, 2017 $42.69
Jul 9, 2017 $42.69
Jul 16, 2017 $42.69
Jul 23, 2017 $42.69
Jul 30, 2017 $42.69
Aug 6, 2017 $42.69
Aug 13, 2017 $42.69
Aug 20, 2017 $42.69
Aug 27, 2017 $42.69
Sep 3, 2017 $42.69
Sep 10, 2017 $42.69
Sep 17, 2017 $42.69
Sep 24, 2017 $42.69
Oct 1, 2017 $42.69
Oct 8, 2017 $42.69
Oct 15, 2017 $42.69
Oct 22, 2017 $42.69
Oct 29, 2017 $40.38

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