New rice cookers, tv sets, gas cylinders to sell in my shop

Asante Dennis

Dormaa Ahenkro, Ghana

100% repaid

Entrepreneur

Name

Asante Dennis

Member since

April 2018

On-time repayments

160 installments  •  27%

About Me

Asante Dennis is my name. I come from Ghana in West Africa. i was born in Nsuhia.I live at Dormaa in Brong Ahafo Region. I started my primary school education at Nsuhia a small village in Dormaa. When I got to primary six. my parents moved me from my village Nsuhia to Dormaa Ahenkro. There I continue my education from junior High school form one to form there .. Because of financial problem when I completed form there I could not continue my education in that year. I and my parents tried a lot. At times I worked for some poeple before I got money to pay my school bills. we worked for a year and later on we had a little money to continue.. so continue my education and God been so good I completed Secondary school.. since i completed secondary school I did not get any support from anyone.. so i started to setup my own business..

My Business

My business is electronics, cooking utensils and home appliances. at fist i was doing decorations but now i have stop because is not helping me. So i decided to do the above business. Reason why i choose this business is that in my area they find it difficult to get those items to buy so i decided to establish this business. When the business grow well, i will use the profit i get to buy more goods into my work which will expand my business for me and this will help my community to get what they need. Also i can employ more peoples so that i can work with them and it will help those peoples to sustain in life.

Loan Proposal

i will use the loan to buy the following rice cookers, Tv sets, gas cylinders . The above items will help me to earn some profit also people within my community will get some to buy which will help them. i expect my profit to grow to 800 cedis within a week.

Income Source

I started business a long time ago, i have an idea of doing business, what i normally do is that i have open mobile money account and bank account i always do savings. in casse of any challenge i used that savings to pay my loan. s\So this is what i have planned to do if i face any challenge.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$381.84

Date disbursed

May 21, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $13.67

Credit risk payment: $54.70

Optional expediting fee: $27.35

Lenders

Cloudways

Malta, Malta

lizandsteve

guelph, Canada

RC

Rudi Chen

United States

Paul Buchheit

Mountain View, United States

Ryan Agnew

Australia

C

Christopher

United Kingdom

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