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 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
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
Feedback
Positive
1
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$2,258.00
Date disbursed
Nov 21, 2018
Repayment status
Late
Projected term
18 months
Other loans
Lenders
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Summary
Amount repaid
$1,194.64
Amount remaining
$2,843.95
Expected completion
Jun 12, 2020
Status
Repaying late
Installment amount
$20.70
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 30, 2018 | $41.41 | Nov 30, 2018 | $41.41 |
| Dec 7, 2018 | $41.41 | Dec 6, 2018 | $41.41 |
| Dec 14, 2018 | $41.41 | Dec 6, 2018 | $4.14 |
| Dec 13, 2018 | $37.27 | ||
| Dec 21, 2018 | $41.41 | Dec 13, 2018 | $8.28 |
| Dec 21, 2018 | $33.13 | ||
| Dec 28, 2018 | $41.41 | Dec 21, 2018 | $12.42 |
| Dec 27, 2018 | $28.99 | ||
| Jan 4, 2019 | $41.41 | Dec 27, 2018 | $16.56 |
| Jan 3, 2019 | $24.85 | ||
| Jan 11, 2019 | $20.70 | Jan 3, 2019 | $20.70 |
| Jan 18, 2019 | $41.41 | Jan 10, 2019 | $41.41 |
| Jan 25, 2019 | $41.41 | Jan 10, 2019 | $4.14 |
| Jan 20, 2019 | $20.70 | ||
| Jan 25, 2019 | $16.56 | ||
| Feb 1, 2019 | $41.41 | Jan 25, 2019 | $22.77 |
| Jan 31, 2019 | $18.63 | ||
| Feb 8, 2019 | $41.41 | Jan 31, 2019 | $22.77 |
| Feb 8, 2019 | $18.63 | ||
| Feb 15, 2019 | $41.41 | Feb 8, 2019 | $22.77 |
| Feb 15, 2019 | $18.63 | ||
| Feb 22, 2019 | $2.07 | Feb 15, 2019 | $2.07 |
| Mar 1, 2019 | $41.41 | Feb 21, 2019 | $41.41 |
| Mar 8, 2019 | $41.41 | Mar 1, 2019 | $41.41 |
| Mar 15, 2019 | $41.41 | Mar 8, 2019 | $41.41 |
| Mar 22, 2019 | $41.41 | Mar 18, 2019 | $31.06 |
| Mar 22, 2019 | $10.35 | ||
| Mar 29, 2019 | $41.41 | Mar 22, 2019 | $16.56 |
| Mar 31, 2019 | $24.85 | ||
| Apr 5, 2019 | $33.13 | Apr 6, 2019 | $33.13 |
| Apr 12, 2019 | $33.13 | Apr 18, 2019 | $20.70 |
| Apr 23, 2019 | $12.42 | ||
| Apr 19, 2019 | $0.00 | ||
| Apr 26, 2019 | $0.00 | ||
| May 3, 2019 | $20.70 | May 3, 2019 | $20.70 |
| May 10, 2019 | $20.70 | May 10, 2019 | $20.70 |
| May 17, 2019 | $20.70 | May 10, 2019 | $2.07 |
| May 19, 2019 | $18.63 | ||
| May 24, 2019 | $20.70 | May 19, 2019 | $2.07 |
| May 30, 2019 | $18.63 | ||
| May 31, 2019 | $20.70 | May 30, 2019 | $4.14 |
| Jun 6, 2019 | $16.56 | ||
| Jun 7, 2019 | $6.21 | Jun 6, 2019 | $6.21 |
| Jun 14, 2019 | $20.70 | Jun 13, 2019 | $20.70 |
| Jun 21, 2019 | $20.70 | Jun 13, 2019 | $2.07 |
| Jun 21, 2019 | $18.63 | ||
| Jun 28, 2019 | $20.70 | Jun 21, 2019 | $2.07 |
| Jun 27, 2019 | $18.63 | ||
| Jul 5, 2019 | $20.70 | Jun 27, 2019 | $2.07 |
| Jul 4, 2019 | $18.63 | ||
| Jul 12, 2019 | $20.70 | Jul 4, 2019 | $2.07 |
| Jul 12, 2019 | $18.63 | ||
| Jul 19, 2019 | $2.07 | Jul 12, 2019 | $2.07 |
| Jul 26, 2019 | $20.70 | Jul 18, 2019 | $20.70 |
| Aug 2, 2019 | $20.70 | Jul 26, 2019 | $20.70 |
| Aug 9, 2019 | $20.70 | Aug 2, 2019 | $20.70 |
| Aug 16, 2019 | $20.70 | Aug 8, 2019 | $20.70 |
| Aug 23, 2019 | $20.70 | Aug 15, 2019 | $20.70 |
| Aug 30, 2019 | $20.70 | Aug 29, 2019 | $20.70 |
| Sep 6, 2019 | $20.70 | Sep 5, 2019 | $20.70 |
| Sep 13, 2019 | $20.70 | Sep 13, 2019 | $20.70 |
| Sep 20, 2019 | $20.70 | Sep 20, 2019 | $20.70 |
| Sep 27, 2019 | $20.70 | Sep 27, 2019 | $20.70 |
| Oct 4, 2019 | $20.70 | Oct 4, 2019 | $20.70 |
| Oct 11, 2019 | $20.70 | ||
| Oct 18, 2019 | $20.70 | ||
| Oct 25, 2019 | $20.70 | ||
| Nov 1, 2019 | $20.70 | ||
| Nov 8, 2019 | $86.96 | ||
| Nov 15, 2019 | $86.96 | ||
| Nov 22, 2019 | $86.96 | ||
| Nov 29, 2019 | $86.96 | ||
| Dec 6, 2019 | $86.96 | ||
| Dec 13, 2019 | $86.96 | ||
| Dec 20, 2019 | $86.96 | ||
| Dec 27, 2019 | $86.96 | ||
| Jan 3, 2020 | $86.96 | ||
| Jan 10, 2020 | $86.96 | ||
| Jan 17, 2020 | $86.96 | ||
| Jan 24, 2020 | $86.96 | ||
| Jan 31, 2020 | $86.96 | ||
| Feb 7, 2020 | $86.96 | ||
| Feb 14, 2020 | $86.96 | ||
| Feb 21, 2020 | $86.96 | ||
| Feb 28, 2020 | $86.96 | ||
| Mar 6, 2020 | $86.96 | ||
| Mar 13, 2020 | $86.96 | ||
| Mar 20, 2020 | $86.96 | ||
| Mar 27, 2020 | $86.96 | ||
| Apr 3, 2020 | $86.96 | ||
| Apr 10, 2020 | $86.96 | ||
| Apr 17, 2020 | $86.96 | ||
| Apr 24, 2020 | $86.96 | ||
| May 1, 2020 | $86.96 | ||
| May 8, 2020 | $86.96 | ||
| May 15, 2020 | $86.96 | ||
| May 22, 2020 | $86.96 | ||
| May 29, 2020 | $86.96 | ||
| Jun 5, 2020 | $86.96 | ||
| Jun 12, 2020 | $65.43 | ||
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