New branch of abibek spare part shop

Ernest Berko

Kumasi, Ghana

30% 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 four (4) new motor bike which will cost me 8000 gh. Per one will cost 2000 gh. I will buy some spare part which will cost me 1000 gh. Because it new branch I have to employ somebody who will take care of the shop. I will buy him old motor bike which will cost 500 gh he will use it for work activities. I will also have to increase the items at the old shop which will also cost me 500 gh. Some of the part that are needed most at the shop are break flue, helmet and tyres

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 four (4) new motor bike which will cost me 8000 gh. Per one will cost 2000 gh. I will buy some spare part which will cost me 1000 gh. Because it new branch I have to employ somebody who will take care of the shop. I will buy him old motor bike which will cost 500 gh he will use it for work activities. I will also have to increase the items at the old shop which will also cost me 500 gh. Some of the part that are needed most at the shop are break flue, helmet and tyres

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,258.00

Date disbursed

Nov 21, 2018

Repayment status

Late

Projected term

18 months

Lenders

Paul Buchheit

Mountain View, United States

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