New equipments for my washing bay
Effah Kyere
Berekum, Ghana
26% repaid
Entrepreneur
Name
Effah Kyere
Member since
May 2018
On-time repayments
54 installments • 24%
About Me
Effah Kyere Emmanuel is my name. I am a Ghanaian by nationality. I am 25 years of age, married with 1 child, I completed Boamponsem secondary school. right from there, I pursued into university of Ghana Legon and came out to establish my own business , the washing bay named Emfak washing bay. I currently stay in Berekum Jamdede, managing my own business.
My Business
Washing bay is one of the lucrative ventures as far as the transportation business keep ongoing .I started my washing bay business on 3rd March, 2010 with only one pressure washing machine and two laborers. At that time, I used to buy water from Ghana Water Company before I could wash cars. About few months later, I got money from the business and tapped water from the above mentioned company and stopped buying water from them again . About a year later, I had money and hired a drilling machine to drill a mechanized bore hole, which I have been using up to date. I now have twenty laborers with only two pressure washing machine, one poly tank and 8feet by 80feet uncompleted structure meant for washing room for customers (drivers), snack bar and mini super market which I hope will fetch money when completed. The ground of the washing bay is measured 100feet by 160 feet , which is not cemented and it causes a lot of inconveniences , more especially on the rainy seasons .the business has become the source of daily bread for many people and therefore need to meet an international standard .Thank you.
Loan Proposal
Dear lenders as promise i intend to use this loan to help me repay my workers salary and also help purchase a new machine that will cost about $20 and also renovate my washing bay.Thank you
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$75.00
Date disbursed
Aug 27, 2018
Repayment status
Late
Projected term
11 months
Lenders
United States
Ask Effah Kyere a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.